Atlas Legacy Advisors LLC Makes New Investment in Costco Wholesale Co. (NASDAQ:COST)

Atlas Legacy Advisors LLC bought a new stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,329 shares of the retailer's stock, valued at approximately $1,218,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COST. AMF Tjanstepension AB acquired a new stake in shares of Costco Wholesale during the 3rd quarter valued at about $42,896,000. Swedbank AB boosted its holdings 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 purchasing an additional 6,495 shares in the last quarter. Trilogy Capital Inc. grew its stake in shares of Costco Wholesale by 2.7% in the 3rd quarter. Trilogy Capital Inc. now owns 766 shares of the retailer's stock valued at $679,000 after purchasing an additional 20 shares during the period. Castleview Partners LLC raised its holdings in shares of Costco Wholesale by 4.8% in the 3rd quarter. Castleview Partners LLC now owns 545 shares of the retailer's stock worth $483,000 after buying an additional 25 shares in the last quarter. Finally, Everence Capital Management Inc. raised its holdings in shares of Costco Wholesale by 10.7% in the 3rd quarter. Everence Capital Management Inc. now owns 10,323 shares of the retailer's stock worth $9,152,000 after buying an additional 1,000 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on COST. Truist Financial lifted their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a "hold" rating in a report on Friday, December 13th. DA Davidson lifted their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a report on Thursday, February 6th. Raymond James raised their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Stifel Nicolaus lifted 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 note on Thursday, February 6th. Finally, Robert W. Baird increased their price target 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. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,021.93.

Costco Wholesale Trading Up 0.0 %

Shares of Costco Wholesale stock traded up $0.20 during trading on Friday, reaching $1,035.03. 1,815,187 shares of the company were exchanged, compared to its average volume of 1,906,306. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The business has a 50-day moving average price of $974.70 and a 200-day moving average price of $928.97. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $459.45 billion, a price-to-earnings ratio of 60.78, a P/E/G ratio of 6.32 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. Costco Wholesale's dividend payout ratio is 27.25%.

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.