Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Brighton Jones LLC

Brighton Jones LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 12.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,825 shares of the retailer’s stock after buying an additional 2,172 shares during the quarter. Brighton Jones LLC’s holdings in Costco Wholesale were worth $18,165,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new position in Costco Wholesale during the 2nd quarter worth $4,202,000. Beck Bode LLC increased 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 valued at $13,563,000 after buying an additional 260 shares during the last quarter. Drucker Wealth 3.0 LLC acquired a new stake in Costco Wholesale during the second quarter valued at approximately $264,000. MBB Public Markets I LLC lifted its holdings in Costco Wholesale by 2,504.5% during the 2nd quarter. MBB Public Markets I LLC now owns 31,566 shares of the retailer’s stock worth $26,831,000 after buying an additional 30,354 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Costco Wholesale by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 312,946 shares of the retailer’s stock worth $266,001,000 after acquiring an additional 6,750 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on COST shares. Morgan Stanley raised their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Thursday, January 9th. DA Davidson boosted their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Barclays raised their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Down 0.3 %

Shares of COST stock opened at $939.68 on Friday. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The business’s fifty day moving average is $950.92 and its 200-day moving average is $903.31. The stock has a market cap of $417.12 billion, a PE ratio of 55.18, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is currently 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.