Canvas Wealth Advisors LLC Purchases 32 Shares of Costco Wholesale Co. (NASDAQ:COST)

Canvas Wealth Advisors LLC grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,437 shares of the retailer’s stock after acquiring an additional 32 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in Costco Wholesale were worth $1,317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. RAM Investment Partners LLC increased its stake in Costco Wholesale by 6.3% during the 4th quarter. RAM Investment Partners LLC now owns 8,470 shares of the retailer’s stock worth $7,761,000 after purchasing an additional 504 shares in the last quarter. Angeles Wealth Management LLC boosted its position in Costco Wholesale by 8.6% during the 4th quarter. Angeles Wealth Management LLC now owns 9,687 shares of the retailer’s stock worth $8,876,000 after acquiring an additional 769 shares during the last quarter. V2 Financial group LLC boosted its position in Costco Wholesale by 1.8% during the 4th quarter. V2 Financial group LLC now owns 662 shares of the retailer’s stock worth $607,000 after acquiring an additional 12 shares during the last quarter. Wealthstar Advisors LLC acquired a new position in Costco Wholesale during the 4th quarter worth approximately $348,000. Finally, Stiles Financial Services Inc boosted its position in Costco Wholesale by 0.5% during the 4th quarter. Stiles Financial Services Inc now owns 8,398 shares of the retailer’s stock worth $7,703,000 after acquiring an additional 40 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Up 1.7 %

Shares of NASDAQ COST opened at $1,061.92 on Tuesday. 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 Co. has a 52 week low of $697.27 and a 52 week high of $1,063.00. The stock has a market capitalization of $471.39 billion, a P/E ratio of 62.36, 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 $915.02.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Sanford C. Bernstein assumed coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target for the company. Morgan Stanley increased their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Robert W. Baird increased their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Stifel Nicolaus increased their price objective on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target 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.