Moloney Securities Asset Management LLC Has $2.02 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Moloney Securities Asset Management LLC lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,209 shares of the retailer’s stock after acquiring an additional 79 shares during the period. Moloney Securities Asset Management LLC’s holdings in Costco Wholesale were worth $2,024,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Sculati Wealth Management LLC raised its position in Costco Wholesale by 0.3% in the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after buying an additional 11 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Costco Wholesale by 0.3% during the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after acquiring an additional 11 shares in the last quarter. Gill Capital Partners LLC raised its holdings in shares of Costco Wholesale by 0.9% in the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after purchasing an additional 11 shares during the last quarter. Scott Capital Advisors LLC lifted its position in shares of Costco Wholesale by 0.8% in the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after purchasing an additional 11 shares in the last quarter. Finally, Lantz Financial LLC grew its position in Costco Wholesale by 1.7% in the fourth quarter. Lantz Financial LLC now owns 645 shares of the retailer’s stock valued at $591,000 after purchasing an additional 11 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Down 0.7 %

Shares of NASDAQ COST opened at $1,043.81 on Monday. The stock has a market capitalization of $463.35 billion, a P/E ratio of 61.29, a PEG ratio of 6.26 and a beta of 0.84. The stock’s fifty day moving average is $961.27 and its 200 day moving average is $914.43. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,063.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Announces Dividend

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 given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is presently 27.25%.

Wall Street Analyst Weigh In

COST has been the subject of a number of recent research reports. Raymond James increased their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Wells Fargo & Company increased their price target on 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. Jefferies Financial Group boosted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Roth Mkm raised their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

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.