1,324 Shares in Costco Wholesale Co. (NASDAQ:COST) Purchased by BXM Wealth LLC

BXM Wealth LLC acquired a new position in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, HoldingsChannel reports. The fund acquired 1,324 shares of the retailer’s stock, valued at approximately $1,213,000. Costco Wholesale makes up about 1.7% of BXM Wealth LLC’s portfolio, making the stock its 17th biggest holding.

Several other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after purchasing an additional 7,364,453 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of Costco Wholesale by 100,422.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after purchasing an additional 795,345 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Costco Wholesale by 55.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after purchasing an additional 382,367 shares during the last quarter. Pathway Financial Advisers LLC boosted its holdings in shares of Costco Wholesale by 75,894.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock worth $300,473,000 after purchasing an additional 338,489 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after purchasing 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 Stock Down 0.5 %

Costco Wholesale stock opened at $1,071.85 on Friday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The stock’s fifty day simple moving average is $969.49 and its 200-day simple moving average is $922.35. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $475.79 billion, a P/E ratio of 62.94, a P/E/G ratio of 6.26 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 paid a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.43%. Costco Wholesale’s payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. BMO Capital Markets boosted their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Morgan Stanley lifted their price target 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. DA Davidson lifted their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Citigroup lifted their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company lifted their price target 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. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,021.93.

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.