Strategic Financial Concepts LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 33.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,058 shares of the retailer's stock after buying an additional 266 shares during the period. Strategic Financial Concepts LLC's holdings in Costco Wholesale were worth $969,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Allworth Financial LP increased its position in shares of Costco Wholesale by 65.2% in the 4th quarter. Allworth Financial LP now owns 52,703 shares of the retailer's stock valued at $49,788,000 after purchasing an additional 20,794 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of Costco Wholesale by 15.8% in the 4th quarter. Principal Securities Inc. now owns 9,262 shares of the retailer's stock valued at $8,487,000 after buying an additional 1,263 shares in the last quarter. Centerpoint Advisory Group acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $653,000. Palumbo Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 6.2% in the 4th quarter. Palumbo Wealth Management LLC now owns 6,018 shares of the retailer's stock valued at $5,514,000 after buying an additional 350 shares in the last quarter. Finally, Everhart Financial Group Inc. boosted its holdings in shares of Costco Wholesale by 3.6% in the 4th quarter. Everhart Financial Group Inc. now owns 3,499 shares of the retailer's stock valued at $3,206,000 after buying an additional 123 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.
Costco Wholesale Trading Up 0.0 %
Shares of Costco Wholesale stock traded up $0.20 during mid-day trading on Friday, hitting $1,035.03. 1,815,187 shares of the stock were exchanged, compared to its average volume of 1,906,306. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The stock has a market capitalization of $459.45 billion, a price-to-earnings ratio of 60.78, a price-to-earnings-growth ratio of 6.32 and a beta of 0.84. The company has a 50-day simple moving average of $974.70 and a 200 day simple moving average of $928.97. 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 company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid 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 dividend yield of 0.45%. Costco Wholesale's dividend payout ratio is currently 27.25%.
Analyst Upgrades and Downgrades
COST has been the subject of several research analyst reports. UBS Group upped their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Raymond James upped their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Loop Capital upped their target price 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. Evercore ISI increased their price target on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Finally, Truist Financial increased their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a "hold" rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,021.93.
View Our Latest Stock Analysis on COST
About Costco Wholesale
(
Free Report)
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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