BetterWealth LLC Invests $262,000 in Costco Wholesale Co. (NASDAQ:COST)

BetterWealth LLC acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 286 shares of the retailer's stock, valued at approximately $262,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of Costco Wholesale by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer's stock valued at $8,380,648,000 after buying an additional 162,191 shares during the period. FMR LLC lifted its position in Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer's stock valued at $8,252,274,000 after buying an additional 324,973 shares in the last quarter. International Assets Investment Management LLC grew its stake in Costco Wholesale by 113,947.9% during the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer's stock worth $6,534,464,000 after buying an additional 7,364,453 shares during the period. Jennison Associates LLC grew its stake in Costco Wholesale by 3.8% during the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer's stock worth $3,013,394,000 after buying an additional 125,444 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Costco Wholesale by 2.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,075,065 shares of the retailer's stock valued at $2,726,107,000 after acquiring an additional 70,561 shares during the period. Hedge funds and other institutional investors own 68.48% of the company's stock.

Costco Wholesale Price Performance

COST traded up $14.99 on Thursday, reaching $979.01. The company had a trading volume of 1,785,690 shares, compared to its average volume of 1,923,543. The company has a market capitalization of $434.58 billion, a P/E ratio of 57.49, a PEG ratio of 5.63 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $953.78 and a 200-day moving average of $906.03. Costco Wholesale Co. has a one year low of $691.50 and a one year high of $1,008.25.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. Costco Wholesale's dividend payout ratio is presently 27.25%.

Analyst Ratings Changes

A number of research analysts have commented on COST shares. DA Davidson boosted their price objective on Costco Wholesale from $880.00 to $900.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Thursday, January 9th. Loop Capital upped their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a "buy" rating in a report on Friday, December 13th. Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, Barclays increased their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an "equal weight" rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,013.59.

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.