Corps Capital Advisors LLC Purchases Shares of 1,537 Costco Wholesale Co. (NASDAQ:COST)

Corps Capital Advisors LLC bought a new position in Costco Wholesale Co. (NASDAQ:COST - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 1,537 shares of the retailer's stock, valued at approximately $1,408,000. Costco Wholesale accounts for approximately 1.4% of Corps Capital Advisors LLC's investment portfolio, making the stock its 22nd largest holding.

A number of other large investors have also recently modified their holdings of the stock. Abacus Planning Group Inc. boosted its position in Costco Wholesale by 3.4% during the 4th quarter. Abacus Planning Group Inc. now owns 2,212 shares of the retailer's stock valued at $2,027,000 after acquiring an additional 73 shares in the last quarter. Ieq Capital LLC grew its stake in Costco Wholesale by 2.5% in the fourth quarter. Ieq Capital LLC now owns 68,945 shares of the retailer's stock worth $63,172,000 after purchasing an additional 1,679 shares during the period. Freedom Day Solutions LLC raised its holdings in Costco Wholesale by 1.8% in the fourth quarter. Freedom Day Solutions LLC now owns 4,995 shares of the retailer's stock worth $4,577,000 after purchasing an additional 87 shares in the last quarter. Emerald Advisors LLC lifted its position in Costco Wholesale by 2.6% during the fourth quarter. Emerald Advisors LLC now owns 643,510 shares of the retailer's stock valued at $589,629,000 after buying an additional 16,559 shares during the period. Finally, TBH Global Asset Management LLC lifted its position in Costco Wholesale by 0.7% during the fourth quarter. TBH Global Asset Management LLC now owns 5,270 shares of the retailer's stock valued at $4,829,000 after buying an additional 38 shares during the period. Institutional investors own 68.48% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. DA Davidson increased their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a "neutral" rating in a research note on Thursday, February 6th. Roth Mkm lifted their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Barclays boosted their price target on Costco Wholesale from $850.00 to $940.00 and gave the stock an "equal weight" rating in a research report on Friday, December 13th. Telsey Advisory Group reiterated an "outperform" rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday, February 3rd. Finally, TD Cowen increased their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $1,021.93.

Costco Wholesale Stock Performance

Shares of COST traded down $1.38 on Friday, reaching $1,033.45. The company's stock had a trading volume of 1,111,663 shares, compared to its average volume of 1,883,502. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. The stock has a market capitalization of $458.75 billion, a P/E ratio of 60.66, a PEG ratio of 6.32 and a beta of 0.84. 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 stock's 50 day simple moving average is $974.70 and its two-hundred day simple moving average is $928.97.

Costco Wholesale Announces Dividend

The firm also recently disclosed 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 0.45%. The ex-dividend date is Friday, February 7th. Costco Wholesale's 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.