Evolution Wealth Advisors LLC Grows Position in Costco Wholesale Co. (NASDAQ:COST)

Evolution Wealth Advisors LLC lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 326 shares of the retailer’s stock after purchasing an additional 20 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in Costco Wholesale were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of COST. Renaissance Technologies LLC purchased a new position in shares of Costco Wholesale during the 2nd quarter worth $4,202,000. Beck Bode LLC boosted its holdings in Costco Wholesale by 1.7% during the 2nd quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock valued at $13,563,000 after acquiring an additional 260 shares during the period. AQR Capital Management LLC boosted its holdings in Costco Wholesale by 7.5% during the 2nd quarter. AQR Capital Management LLC now owns 266,964 shares of the retailer’s stock valued at $226,917,000 after acquiring an additional 18,628 shares during the period. APG Asset Management N.V. boosted its holdings in Costco Wholesale by 10.3% during the 2nd quarter. APG Asset Management N.V. now owns 726,332 shares of the retailer’s stock valued at $576,044,000 after acquiring an additional 67,616 shares during the period. Finally, Drucker Wealth 3.0 LLC purchased a new position in Costco Wholesale during the 2nd quarter valued at about $264,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on COST shares. Roth Mkm raised their target price on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Evercore ISI raised their target price on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Barclays raised their target price on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Loop Capital increased their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Thursday, January 9th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Stock Performance

NASDAQ COST opened at $942.16 on Friday. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The stock has a market cap of $418.22 billion, a price-to-earnings ratio of 55.32, a price-to-earnings-growth ratio of 5.65 and a beta of 0.84. The business has a fifty day moving average of $950.56 and a 200-day moving average of $903.04. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

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.