Gateway Wealth Partners LLC Has $1.24 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Gateway Wealth Partners LLC raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 33.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,353 shares of the retailer's stock after buying an additional 342 shares during the quarter. Gateway Wealth Partners LLC's holdings in Costco Wholesale were worth $1,240,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of COST. Fermata Advisors LLC lifted its position in shares of Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer's stock worth $1,745,000 after buying an additional 11 shares during the last quarter. Sculati Wealth Management LLC boosted its stake in shares of Costco Wholesale by 0.3% in the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer's stock worth $3,235,000 after buying an additional 11 shares during the last quarter. Sivia Capital Partners LLC lifted its position in shares of Costco Wholesale by 0.3% during the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer's stock valued at $3,398,000 after buying an additional 11 shares during the last quarter. Gill Capital Partners LLC grew its stake in Costco Wholesale by 0.9% during the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer's stock valued at $1,164,000 after acquiring an additional 11 shares in the last quarter. Finally, Scott Capital Advisors LLC lifted its stake in Costco Wholesale by 0.8% during the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer's stock worth $1,247,000 after purchasing an additional 11 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on COST. Wells Fargo & Company boosted their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Friday, December 13th. Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an "outperform" rating and a $1,016.00 target price for the company. Morgan Stanley increased their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Tigress Financial restated a "buy" rating and issued a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. Finally, Raymond James boosted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,013.59.

Costco Wholesale Trading Up 1.6 %

Costco Wholesale stock traded up $14.99 during mid-day trading on Thursday, hitting $979.01. The stock had a trading volume of 1,785,690 shares, compared to its average volume of 1,923,543. The stock has a 50-day simple moving average of $953.78 and a two-hundred day simple moving average of $906.03. 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 stock has a market capitalization of $434.58 billion, a PE ratio of 57.49, a P/E/G ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $691.50 and a 12 month high of $1,008.25.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.47%. 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.