Good Life Advisors LLC Buys Shares of 8,844 Costco Wholesale Co. (NASDAQ:COST)

Good Life Advisors LLC purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,844 shares of the retailer’s stock, valued at approximately $8,104,000.

Other institutional investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the 3rd quarter valued at $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at $33,000. Collier Financial acquired a new position in Costco Wholesale in the fourth quarter valued at $35,000. Barrett & Company Inc. lifted its position in Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after buying an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new stake in Costco Wholesale in the 4th quarter worth about $41,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.6 %

Shares of COST opened at $1,062.54 on Thursday. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.23. The stock has a 50-day moving average price of $973.78 and a 200 day moving average price of $928.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company has a market capitalization of $471.66 billion, a P/E ratio of 62.39, a P/E/G ratio of 6.37 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on COST shares. BMO Capital Markets upped their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Citigroup increased their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Barclays upped their price objective on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Finally, Jefferies Financial Group upped their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

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.