Midwest Capital Advisors LLC Invests $210,000 in Costco Wholesale Co. (NASDAQ:COST)

Midwest Capital Advisors LLC purchased a new position in Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 229 shares of the retailer’s stock, valued at approximately $210,000.

Several other large investors have also recently modified their holdings of COST. AMF Tjanstepension AB purchased a new position in shares of Costco Wholesale in the 3rd quarter worth about $42,896,000. Swedbank AB increased its holdings in Costco Wholesale by 1.5% in the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after buying an additional 6,495 shares in the last quarter. Heritage Oak Wealth Advisors LLC bought a new stake in Costco Wholesale in the 3rd quarter worth about $650,000. Tarbox Family Office Inc. increased its holdings in Costco Wholesale by 20.0% in the 3rd quarter. Tarbox Family Office Inc. now owns 894 shares of the retailer’s stock worth $793,000 after buying an additional 149 shares in the last quarter. Finally, Joel Isaacson & Co. LLC increased its holdings in Costco Wholesale by 2.8% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 3,755 shares of the retailer’s stock worth $3,329,000 after buying an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.0 %

COST stock opened at $1,035.03 on Monday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. 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 stock has a market cap of $459.45 billion, a P/E ratio of 60.78, a PEG ratio of 6.15 and a beta of 0.84. The business’s 50-day moving average price is $975.61 and its 200-day moving average price is $932.24.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analyst Upgrades and Downgrades

Several research firms recently commented on COST. UBS Group lifted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Stifel Nicolaus lifted their price objective on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Morgan Stanley lifted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Finally, Telsey Advisory Group reiterated an “outperform” rating on shares of Costco Wholesale in a report on Friday, February 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.