MOKAN Wealth Management Inc. Takes $2.41 Million Position in Costco Wholesale Co. (NASDAQ:COST)

MOKAN Wealth Management Inc. purchased a new stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,627 shares of the retailer's stock, valued at approximately $2,414,000. Costco Wholesale accounts for 1.5% of MOKAN Wealth Management Inc.'s portfolio, making the stock its 19th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in COST. Charles Schwab Investment Management Inc. grew its stake in Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer's stock worth $2,489,574,000 after buying an additional 32,074 shares during the last quarter. Hudson Value Partners LLC grew its stake in Costco Wholesale by 7.6% during the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer's stock worth $7,133,000 after buying an additional 568 shares during the last quarter. Nwam LLC purchased a new position in Costco Wholesale during the 3rd quarter worth $20,056,000. CHURCHILL MANAGEMENT Corp purchased a new position in Costco Wholesale during the 4th quarter worth $8,430,000. Finally, GAMMA Investing LLC lifted its position in Costco Wholesale by 15.0% during the 4th quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer's stock worth $7,020,000 after acquiring an additional 1,001 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

NASDAQ COST traded down $28.32 during trading hours on Thursday, reaching $1,034.22. The company's stock had a trading volume of 1,996,019 shares, compared to its average volume of 1,908,977. The firm has a market capitalization of $459.09 billion, a price-to-earnings ratio of 60.73, a P/E/G ratio of 6.28 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 debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company's 50-day moving average is $973.78 and its two-hundred day moving average is $928.24.

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Costco Wholesale Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have commented on the company. UBS Group lifted their price target 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. Barclays lifted 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. Wells Fargo & Company lifted their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an "equal weight" rating in a research report on Friday, December 13th. TD Cowen lifted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus lifted their price target on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Costco Wholesale currently has an average rating of "Moderate Buy" and a consensus target price of $1,021.93.

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.