Sage Advisors LLC Raises Stake in Costco Wholesale Co. (NASDAQ:COST)

Sage Advisors LLC grew its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 21.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,464 shares of the retailer's stock after acquiring an additional 259 shares during the quarter. Costco Wholesale comprises approximately 1.0% of Sage Advisors LLC's investment portfolio, making the stock its 17th biggest position. Sage Advisors LLC's holdings in Costco Wholesale were worth $1,341,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the third quarter worth $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale in the 4th quarter valued at about $33,000. Collier Financial acquired a new position in Costco Wholesale in the fourth quarter valued at about $35,000. Barrett & Company Inc. increased its position in shares of Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock valued at $39,000 after acquiring an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 68.48% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Loop Capital increased their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Sanford C. Bernstein began coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They issued an "outperform" rating and a $1,016.00 price objective for the company. Stifel Nicolaus increased their target price on 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. Truist Financial lifted their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a "hold" rating in a research report on Friday, December 13th. Finally, Wells Fargo & Company increased their price target on shares of 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. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,021.93.

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Costco Wholesale Stock Performance

COST traded up $6.51 on Wednesday, reaching $1,062.54. The company had a trading volume of 1,346,846 shares, compared to its average volume of 1,906,059. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The stock has a market capitalization of $471.66 billion, a PE ratio of 62.39, a P/E/G ratio of 6.37 and a beta of 0.84. The stock has a 50-day moving average price of $972.43 and a 200-day moving average price of $927.29.

Costco Wholesale Dividend Announcement

The company 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. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale's payout ratio is currently 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.