Good Life Advisors LLC Takes Position in Costco Wholesale Co. (NASDAQ:COST)

Good Life Advisors LLC bought a new stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,844 shares of the retailer's stock, valued at approximately $8,104,000.

Other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale in the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale in the fourth quarter valued at approximately $33,000. Collier Financial purchased a new position in Costco Wholesale in the fourth quarter valued at approximately $35,000. Barrett & Company Inc. lifted its stake in Costco Wholesale by 59.3% in the fourth 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 last quarter. Finally, FSC Wealth Advisors LLC purchased a new position in Costco Wholesale in the fourth quarter valued at approximately $41,000. 68.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on COST. Robert W. Baird upped their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. DA Davidson upped their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. Wells Fargo & Company upped their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Friday, December 13th. UBS Group increased their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, Oppenheimer restated an "outperform" rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,021.93.

Costco Wholesale Price Performance

COST traded down $1.26 during trading on Friday, reaching $1,033.57. The stock had a trading volume of 1,019,919 shares, compared to its average volume of 1,880,994. The stock has a market cap of $458.80 billion, a PE ratio of 60.65, a PEG ratio of 6.32 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.23. The business has a 50-day moving average of $974.70 and a 200-day moving average of $928.97.

Costco Wholesale Announces Dividend

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

Costco Wholesale 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.