Cape Investment Advisory Inc. Buys 37 Shares of Costco Wholesale Co. (NASDAQ:COST)

Cape Investment Advisory Inc. boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 28.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 166 shares of the retailer’s stock after buying an additional 37 shares during the quarter. Cape Investment Advisory Inc.’s holdings in Costco Wholesale were worth $152,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in COST. Swedbank AB grew its position in Costco Wholesale by 1.5% during the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after buying an additional 6,495 shares during the period. Lowe Brockenbrough & Co. Inc. grew its position in Costco Wholesale by 14.1% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 754 shares of the retailer’s stock valued at $668,000 after buying an additional 93 shares during the period. Greenwich Wealth Management LLC grew its position in Costco Wholesale by 3.1% during the third quarter. Greenwich Wealth Management LLC now owns 1,081 shares of the retailer’s stock valued at $959,000 after buying an additional 32 shares during the period. First Interstate Bank grew its position in Costco Wholesale by 2.0% during the third quarter. First Interstate Bank now owns 7,456 shares of the retailer’s stock valued at $6,610,000 after buying an additional 149 shares during the period. Finally, Princeton Global Asset Management LLC boosted its position in Costco Wholesale by 12.0% during the third quarter. Princeton Global Asset Management LLC now owns 1,030 shares of the retailer’s stock worth $913,000 after purchasing an additional 110 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 2.6 %

Shares of NASDAQ COST opened at $1,048.61 on Monday. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm’s 50 day simple moving average is $982.51 and its two-hundred day simple moving average is $938.63. The stock has a market capitalization of $465.48 billion, a P/E ratio of 61.57, a PEG ratio of 6.15 and a beta of 0.84.

Costco Wholesale Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have weighed in on COST shares. TD Cowen increased their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Morgan Stanley increased their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Jefferies Financial Group increased their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Roth Mkm increased their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus increased 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 research report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock 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.