Impact Capital Partners LLC Takes $1.57 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Impact Capital Partners LLC purchased a new stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,718 shares of the retailer's stock, valued at approximately $1,574,000.

Other large investors also recently made changes to their positions in the company. Proficio Capital Partners LLC raised its position in Costco Wholesale by 74,796.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer's stock worth $1,394,465,000 after purchasing an additional 1,519,861 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in Costco Wholesale by 100,422.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer's stock worth $729,476,000 after purchasing an additional 795,345 shares during the period. Assenagon Asset Management S.A. increased its position in Costco Wholesale by 55.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer's stock valued at $979,284,000 after buying an additional 382,367 shares in the last quarter. FMR LLC raised its position in shares of Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer's stock worth $8,252,274,000 after purchasing an additional 324,973 shares during the period. Finally, Amundi raised its holdings in Costco Wholesale by 11.2% during the fourth quarter. Amundi now owns 2,299,535 shares of the retailer's stock worth $2,132,519,000 after buying an additional 231,969 shares during the last quarter. Institutional investors own 68.48% of the company's stock.

Analyst Upgrades and Downgrades

COST has been the subject of a number of recent analyst reports. UBS Group upped their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Morgan Stanley increased their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. TD Cowen lifted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Wells Fargo & Company raised their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a report on Friday, December 13th. Finally, Loop Capital decreased their price objective on shares of Costco Wholesale from $1,150.00 to $1,135.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,030.43.

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Costco Wholesale Price Performance

COST stock opened at $927.08 on Thursday. The stock has a market cap of $411.53 billion, a price-to-earnings ratio of 54.44, a PEG ratio of 6.15 and a beta of 0.81. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $990.44 and a 200 day moving average price of $944.52.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($0.07). The firm had revenue of $63.72 billion during the quarter, compared to analysts' expectations of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. Equities research analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale's dividend payout ratio is presently 27.09%.

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.

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