Key Client Fiduciary Advisors LLC Acquires 59 Shares of Costco Wholesale Co. (NASDAQ:COST)

Key Client Fiduciary Advisors LLC lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 8.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 796 shares of the retailer’s stock after purchasing an additional 59 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Costco Wholesale were worth $729,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in COST. Renaissance Technologies LLC bought a new stake in Costco Wholesale during the second quarter worth $4,202,000. Beck Bode LLC raised its holdings in shares of Costco Wholesale by 1.7% during the 2nd quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock worth $13,563,000 after buying an additional 260 shares in the last quarter. Drucker Wealth 3.0 LLC bought a new stake in shares of Costco Wholesale during the 2nd quarter worth $264,000. MBB Public Markets I LLC boosted its stake in Costco Wholesale by 2,504.5% in the second quarter. MBB Public Markets I LLC now owns 31,566 shares of the retailer’s stock valued at $26,831,000 after buying an additional 30,354 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Costco Wholesale by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 312,946 shares of the retailer’s stock valued at $266,001,000 after acquiring an additional 6,750 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on COST shares. UBS Group increased their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Truist Financial boosted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Robert W. Baird increased their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Barclays boosted their price objective on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group lifted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Down 0.3 %

Costco Wholesale stock opened at $939.68 on Friday. The company has a market capitalization of $417.12 billion, a PE ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The firm’s fifty day moving average is $950.92 and its 200 day moving average is $903.31. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. Costco Wholesale’s dividend 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.