446 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by Next Level Wealth Planning LLC

Next Level Wealth Planning LLC acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 446 shares of the retailer's stock, valued at approximately $409,000. Costco Wholesale makes up 0.3% of Next Level Wealth Planning LLC's investment portfolio, making the stock its 24th biggest holding.

A number of other hedge funds have also recently bought and sold shares of COST. TigerOak Management L.L.C. acquired a new position in Costco Wholesale during the 4th quarter worth approximately $661,000. Vivid Wealth Management LLC lifted its stake in Costco Wholesale by 1.2% during the fourth quarter. Vivid Wealth Management LLC now owns 2,631 shares of the retailer's stock worth $2,411,000 after purchasing an additional 31 shares during the last quarter. Roxbury Financial LLC bought a new stake in shares of Costco Wholesale during the 4th quarter valued at about $1,189,000. Aveo Capital Partners LLC raised its position in shares of Costco Wholesale by 44.1% during the 4th quarter. Aveo Capital Partners LLC now owns 1,677 shares of the retailer's stock worth $1,537,000 after purchasing an additional 513 shares during the period. Finally, Howard Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 154.7% during the fourth quarter. Howard Wealth Management LLC now owns 1,118 shares of the retailer's stock valued at $1,025,000 after acquiring an additional 679 shares during the period. Institutional investors and hedge funds own 68.48% of the company's stock.

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Costco Wholesale Trading Up 0.6 %

COST traded up $6.51 during midday trading on Wednesday, reaching $1,062.54. 1,348,086 shares of the company were exchanged, compared to its average volume of 1,906,214. The stock's 50-day simple moving average is $972.43 and its 200 day simple moving average is $927.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market capitalization of $471.66 billion, a P/E ratio of 62.39, a PEG ratio of 6.37 and a beta of 0.84. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.23.

Costco Wholesale Announces Dividend

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

Analyst Ratings Changes

COST has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an "equal weight" rating in a report on Friday, December 13th. Loop Capital raised their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Truist Financial boosted their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a "hold" rating in a report on Friday, December 13th. BMO Capital Markets raised their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Finally, Sanford C. Bernstein began coverage on Costco Wholesale in a report on Tuesday, October 22nd. They set an "outperform" rating and a $1,016.00 price objective for the company. Nine 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 has an average rating of "Moderate Buy" and an average price target of $1,021.93.

Costco Wholesale 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.