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Concurrent Investment Advisors LLC Boosts Holdings in Costco Wholesale Co. (NASDAQ:COST)

Costco Wholesale logo with Retail/Wholesale background

Concurrent Investment Advisors LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 42.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,508 shares of the retailer's stock after purchasing an additional 3,711 shares during the period. Concurrent Investment Advisors LLC's holdings in Costco Wholesale were worth $11,460,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of COST. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the third quarter worth $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale during the fourth quarter valued at approximately $33,000. Collier Financial purchased a new position in shares of Costco Wholesale in the 4th quarter worth $35,000. Barrett & Company Inc. grew its stake in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock valued at $39,000 after purchasing an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new stake in Costco Wholesale during the fourth quarter valued at approximately $41,000. 68.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on COST. BMO Capital Markets lifted their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Barclays raised their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an "equal weight" rating in a report on Friday, December 13th. Raymond James increased their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Stifel Nicolaus lifted their price objective on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, Roth Mkm raised their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,021.93.

View Our Latest Research Report on Costco Wholesale

Costco Wholesale Stock Up 0.0 %

Costco Wholesale stock traded up $0.20 during midday trading on Friday, reaching $1,035.03. The company's stock had a trading volume of 1,800,629 shares, compared to its average volume of 1,886,853. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.23. The stock has a market capitalization of $459.45 billion, a P/E ratio of 60.78, 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 200-day simple moving average is $928.97.

Costco Wholesale Announces Dividend

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

Costco Wholesale Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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