Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Phoenix Wealth Advisors

Phoenix Wealth Advisors grew its position in Costco Wholesale Co. (NASDAQ:COST) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,237 shares of the retailer’s stock after purchasing an additional 21 shares during the period. Phoenix Wealth Advisors’ holdings in Costco Wholesale were worth $1,133,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in Costco Wholesale in the second quarter valued at $4,202,000. Beck Bode LLC boosted its holdings in Costco Wholesale by 1.7% in the second quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock worth $13,563,000 after purchasing an additional 260 shares during the period. AQR Capital Management LLC grew its position in shares of Costco Wholesale by 7.5% during the 2nd quarter. AQR Capital Management LLC now owns 266,964 shares of the retailer’s stock valued at $226,917,000 after buying an additional 18,628 shares during the last quarter. APG Asset Management N.V. grew its holdings in shares of Costco Wholesale by 10.3% during the second quarter. APG Asset Management N.V. now owns 726,332 shares of the retailer’s stock valued at $576,044,000 after purchasing an additional 67,616 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC bought a new position in Costco Wholesale during the 2nd quarter worth $264,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $942.16 on Friday. The business’s 50 day moving average is $950.56 and its two-hundred day moving average is $903.04. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. 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 market cap of $418.22 billion, a P/E ratio of 55.32, a P/E/G ratio of 5.65 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm also recently declared 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. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Morgan Stanley raised 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 note on Friday, December 13th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Thursday, January 9th. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Truist Financial lifted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.