326 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by Joel Adams & Associates Inc.

Joel Adams & Associates Inc. bought a new stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 326 shares of the retailer's stock, valued at approximately $299,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Costco Wholesale by 1.7% during the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer's stock valued at $8,380,648,000 after acquiring an additional 162,191 shares during the period. FMR LLC lifted its holdings in Costco Wholesale by 3.6% in the third quarter. FMR LLC now owns 9,308,615 shares of the retailer's stock worth $8,252,274,000 after purchasing an additional 324,973 shares during the period. International Assets Investment Management LLC lifted its holdings in Costco Wholesale by 113,947.9% in the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer's stock worth $6,534,464,000 after purchasing an additional 7,364,453 shares during the period. Jennison Associates LLC lifted its holdings in Costco Wholesale by 3.8% in the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer's stock worth $3,013,394,000 after purchasing an additional 125,444 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Costco Wholesale by 2.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,075,065 shares of the retailer's stock worth $2,726,107,000 after purchasing an additional 70,561 shares during the period. Institutional investors and hedge funds own 68.48% of the company's stock.

Analysts Set New Price Targets

COST has been the subject of several research analyst reports. Morgan Stanley upped their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday, February 3rd. BMO Capital Markets upped their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Citigroup upped their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. Finally, Roth Mkm upped their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,021.93.

Costco Wholesale Stock Up 0.0 %

Shares of COST traded up $0.20 during trading hours on Friday, reaching $1,035.03. The company's stock had a trading volume of 1,815,187 shares, compared to its average volume of 1,906,306. The firm has a market cap 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 Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. 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 company has a 50 day moving average of $975.61 and a two-hundred day moving average of $930.59.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued 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 dividend yield of 0.45%. Costco Wholesale's dividend payout ratio is 27.25%.

Costco Wholesale Company 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.