Americana Partners LLC Raises Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Americana Partners LLC lifted its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 15.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,101 shares of the retailer's stock after acquiring an additional 1,906 shares during the quarter. Americana Partners LLC's holdings in Costco Wholesale were worth $12,921,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth about $539,000. Pinnacle Wealth Management Advisory Group LLC increased its stake in Costco Wholesale by 4.5% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,270 shares of the retailer's stock worth $4,829,000 after buying an additional 227 shares during the period. Spectrum Wealth Advisory Group LLC increased its stake in Costco Wholesale by 2.3% in the 4th quarter. Spectrum Wealth Advisory Group LLC now owns 488 shares of the retailer's stock worth $448,000 after buying an additional 11 shares during the period. J.W. Cole Advisors Inc. increased its stake in Costco Wholesale by 18.3% in the 4th quarter. J.W. Cole Advisors Inc. now owns 11,314 shares of the retailer's stock worth $10,367,000 after buying an additional 1,751 shares during the period. Finally, Stanich Group LLC purchased a new position in Costco Wholesale in the 4th quarter worth about $214,000. Institutional investors own 68.48% of the company's stock.

Costco Wholesale Stock Performance

NASDAQ COST traded down $28.32 on Thursday, hitting $1,034.22. 1,996,019 shares of the company's stock traded hands, compared to its average volume of 1,908,977. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The firm's 50-day moving average price is $973.78 and its two-hundred day moving average price is $928.24. The firm has a market capitalization of $459.09 billion, a PE ratio of 60.73, a P/E/G ratio of 6.28 and a beta of 0.84.

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Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, February 7th. Costco Wholesale's payout ratio is 27.25%.

Analyst Ratings Changes

Several research analysts recently commented on COST shares. TD Cowen raised their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Robert W. Baird raised their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. Stifel Nicolaus raised their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Evercore ISI raised their target price on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Finally, DA Davidson raised their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a research report on Thursday, February 6th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,021.93.

About Costco Wholesale

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.