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

Gordian Advisors LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 454 shares of the retailer’s stock after purchasing an additional 22 shares during the period. Costco Wholesale accounts for approximately 0.3% of Gordian Advisors LLC’s portfolio, making the stock its 22nd largest holding. Gordian Advisors LLC’s holdings in Costco Wholesale were worth $416,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Costco Wholesale by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after purchasing an additional 32,074 shares during the last quarter. Hudson Value Partners LLC lifted its holdings in Costco Wholesale by 7.6% in the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after buying an additional 568 shares during the period. Nwam LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at $20,056,000. CHURCHILL MANAGEMENT Corp bought a new position in shares of Costco Wholesale during the fourth quarter valued at $8,430,000. Finally, GAMMA Investing LLC lifted its position in Costco Wholesale by 15.0% in the 4th quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after acquiring an additional 1,001 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST opened at $1,021.71 on Friday. The company has a 50 day moving average of $980.62 and a two-hundred day moving average of $936.31. The company has a market cap of $453.54 billion, a price-to-earnings ratio of 59.99, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. 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 Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23.

Costco Wholesale Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on COST shares. Robert W. Baird boosted their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Loop Capital lifted their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Citigroup increased their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. DA Davidson boosted their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Finally, Telsey Advisory Group restated an “outperform” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.