337 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by TKG Advisors LLC

TKG Advisors LLC purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 337 shares of the retailer's stock, valued at approximately $317,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its stake 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 valued at $6,534,464,000 after purchasing an additional 7,364,453 shares during the period. Strategic Financial Concepts LLC increased its stake in Costco Wholesale by 100,422.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer's stock valued at $729,476,000 after purchasing an additional 795,345 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Costco Wholesale by 55.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer's stock valued at $979,284,000 after acquiring an additional 382,367 shares in the last quarter. Pathway Financial Advisers LLC raised its position in Costco Wholesale by 75,894.4% during the third quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer's stock worth $300,473,000 after acquiring an additional 338,489 shares during the last quarter. Finally, FMR LLC raised its position in Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer's stock worth $8,252,274,000 after acquiring an additional 324,973 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 0.1 %

NASDAQ COST traded down $1.30 on Friday, reaching $1,033.54. The company had a trading volume of 1,019,919 shares, compared to its average volume of 1,880,994. The stock's 50 day moving average is $974.70 and its 200-day moving average is $928.97. The stock has a market cap of $458.79 billion, a price-to-earnings ratio of 60.65, a PEG ratio of 6.32 and a beta of 0.84. 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 52 week low of $697.27 and a 52 week high of $1,078.23.

Costco Wholesale Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on COST. BMO Capital Markets lifted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Morgan Stanley boosted their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Friday, December 13th. UBS Group boosted their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Wells Fargo & Company boosted their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus upped their price target on shares of 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.com, the stock 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.