International Private Wealth Advisors LLC Increases Stock Position in Costco Wholesale Co. (NASDAQ:COST)

International Private Wealth Advisors LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 75.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,823 shares of the retailer's stock after buying an additional 1,216 shares during the period. Costco Wholesale makes up 2.6% of International Private Wealth Advisors LLC's holdings, making the stock its 8th largest position. International Private Wealth Advisors LLC's holdings in Costco Wholesale were worth $2,587,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale in the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale in the fourth quarter valued at $33,000. Barrett & Company Inc. lifted its holdings in Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock worth $39,000 after buying an additional 16 shares during the last quarter. FSC Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter worth about $41,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Costco Wholesale in the 4th quarter valued at about $55,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on COST. UBS Group upped their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Loop Capital lifted their target price on 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. Oppenheimer reissued an "outperform" rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Citigroup boosted their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a "neutral" rating in a report on Wednesday, December 18th. Finally, Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They set an "outperform" rating and a $1,016.00 target price for the company. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,021.93.

Remove Ads

Costco Wholesale Price Performance

Costco Wholesale stock traded down $5.01 during mid-day trading on Friday, hitting $1,071.85. 1,409,326 shares of the company traded hands, compared to its average volume of 1,921,622. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.23. The stock has a market cap of $475.79 billion, a price-to-earnings ratio of 62.94, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. 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 fifty day moving average price of $969.49 and a 200-day moving average price of $922.35.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.43%. Costco Wholesale's payout ratio is presently 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.