Fairvoy Private Wealth LLC Takes $4.06 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Fairvoy Private Wealth LLC bought a new stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,426 shares of the retailer's stock, valued at approximately $4,055,000. Costco Wholesale accounts for 1.1% of Fairvoy Private Wealth LLC's portfolio, making the stock its 26th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of COST. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale during the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale in the 4th quarter worth about $33,000. FSC Wealth Advisors LLC bought a new stake in shares of Costco Wholesale during the 4th quarter valued at about $41,000. Retirement Wealth Solutions LLC bought a new position in Costco Wholesale in the fourth quarter worth about $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale during the 3rd quarter valued at approximately $58,000. 68.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on COST. Truist Financial increased their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. Sanford C. Bernstein initiated coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They set an "outperform" rating and a $1,016.00 price objective for the company. Tigress Financial reaffirmed a "buy" rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research report on Thursday, October 17th. DA Davidson lifted their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a research report on Thursday, February 6th. Finally, Raymond James upped their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,021.93.

Costco Wholesale Stock Performance

COST stock traded down $0.33 during trading on Tuesday, reaching $1,061.59. The stock had a trading volume of 494,037 shares, compared to its average volume of 1,908,035. The stock's 50 day moving average is $963.01 and its two-hundred day moving average is $916.76. The firm has a market cap of $471.24 billion, a PE ratio of 62.38, a PEG ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,066.00. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale's dividend payout ratio (DPR) is 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.