Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by FFT Wealth Management LLC

FFT Wealth Management LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 5.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 722 shares of the retailer’s stock after buying an additional 40 shares during the quarter. FFT Wealth Management LLC’s holdings in Costco Wholesale were worth $661,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB acquired a new position in Costco Wholesale during the 3rd quarter valued at about $42,896,000. Swedbank AB grew its holdings in Costco Wholesale by 1.5% during the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after acquiring an additional 6,495 shares during the period. Peterson Wealth Advisors LLC raised its position in Costco Wholesale by 3.9% in the third quarter. Peterson Wealth Advisors LLC now owns 422 shares of the retailer’s stock worth $374,000 after acquiring an additional 16 shares in the last quarter. Salomon & Ludwin LLC lifted its holdings in Costco Wholesale by 2.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 765 shares of the retailer’s stock valued at $678,000 after acquiring an additional 21 shares during the last quarter. Finally, Greenspring Advisors LLC boosted its position in shares of Costco Wholesale by 105.8% during the 3rd quarter. Greenspring Advisors LLC now owns 776 shares of the retailer’s stock valued at $688,000 after purchasing an additional 399 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on COST shares. Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Barclays upped their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Morgan Stanley raised their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Robert W. Baird boosted their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Citigroup increased their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $1,055.66 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.23. The business’s 50-day moving average price is $977.94 and its two-hundred day moving average price is $935.03. The company has a market capitalization of $468.61 billion, a P/E ratio of 61.99, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.