Prospect Financial Services LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 818 shares of the retailer’s stock after acquiring an additional 69 shares during the quarter. Prospect Financial Services LLC’s holdings in Costco Wholesale were worth $749,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of COST. Fermata Advisors LLC boosted its position in shares of Costco Wholesale by 0.6% in the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after purchasing an additional 11 shares in the last quarter. Sculati Wealth Management LLC boosted its holdings in Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after acquiring an additional 11 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Costco Wholesale by 0.3% during the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after acquiring an additional 11 shares during the last quarter. Gill Capital Partners LLC increased its holdings in shares of 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 raised its position in shares of Costco Wholesale by 0.8% in the 4th quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock valued at $1,247,000 after purchasing an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.
Wall Street Analysts Forecast Growth
COST has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Truist Financial upped their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Tigress Financial reiterated a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a research note on Thursday, October 17th. TD Cowen raised their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, DA Davidson lifted their target price on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.
Costco Wholesale Stock Up 0.6 %
Shares of NASDAQ COST opened at $964.02 on Thursday. The firm has a market cap of $427.93 billion, a price-to-earnings ratio of 56.61, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. The company’s 50-day simple moving average is $953.06 and its 200-day simple moving average is $905.62. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 52-week low of $690.80 and a 52-week high of $1,008.25.
Costco Wholesale Announces Dividend
The company 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 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 0.48%. Costco Wholesale’s dividend payout ratio (DPR) is currently 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.
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