Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by TFB Advisors LLC

TFB Advisors LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,096 shares of the retailer’s stock after acquiring an additional 24 shares during the quarter. TFB Advisors LLC’s holdings in Costco Wholesale were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Capital Advisors Inc. OK raised its stake in Costco Wholesale by 21.2% during the fourth quarter. Capital Advisors Inc. OK now owns 3,962 shares of the retailer’s stock worth $3,630,000 after purchasing an additional 694 shares during the period. Certuity LLC raised its position in shares of Costco Wholesale by 64.2% during the 4th quarter. Certuity LLC now owns 2,084 shares of the retailer’s stock valued at $1,909,000 after buying an additional 815 shares during the period. Shade Tree Advisors LLC acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $745,000. Wealth Advisors Northwest LLC acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $470,000. Finally, TCV Trust & Wealth Management Inc. grew its position in Costco Wholesale by 0.8% in the fourth quarter. TCV Trust & Wealth Management Inc. now owns 12,620 shares of the retailer’s stock worth $11,563,000 after acquiring an additional 94 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. DA Davidson upped their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Robert W. Baird upped their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. TD Cowen lifted their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday, February 3rd. Finally, Roth Mkm increased their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Trading Up 0.6 %

Shares of NASDAQ:COST opened at $1,065.12 on Thursday. The company’s 50 day moving average is $964.53 and its two-hundred day moving average is $918.45. The company has a market cap of $472.81 billion, a PE ratio of 62.54, a P/E/G ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,067.00. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 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.