Costco Wholesale Co. (NASDAQ:COST) Holdings Boosted by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,626 shares of the retailer’s stock after acquiring an additional 815 shares during the period. Costco Wholesale accounts for about 1.0% of Kestra Private Wealth Services LLC’s investment portfolio, making the stock its 16th biggest holding. Kestra Private Wealth Services LLC’s holdings in Costco Wholesale were worth $56,466,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in COST. Stephens Inc. AR boosted its position in Costco Wholesale by 1.1% during the 4th quarter. Stephens Inc. AR now owns 15,563 shares of the retailer’s stock valued at $14,260,000 after purchasing an additional 166 shares during the period. Quotient Wealth Partners LLC lifted its stake in Costco Wholesale by 8.1% in the fourth quarter. Quotient Wealth Partners LLC now owns 2,241 shares of the retailer’s stock valued at $2,053,000 after buying an additional 167 shares during the last quarter. Summit Wealth & Retirement Planning Inc. boosted its holdings in shares of Costco Wholesale by 16.9% during the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 527 shares of the retailer’s stock valued at $483,000 after acquiring an additional 76 shares during the period. Richard C. Young & CO. LTD. bought a new position in shares of Costco Wholesale during the fourth quarter worth about $221,000. Finally, Investment Advisory Services Inc. TX ADV increased its holdings in shares of Costco Wholesale by 0.9% in the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,667 shares of the retailer’s stock worth $2,443,000 after acquiring an additional 25 shares during the period. 68.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on COST. Oppenheimer reissued an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Tigress Financial reissued a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. Sanford C. Bernstein started coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price on the stock. UBS Group increased their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, TD Cowen lifted their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Trading Down 0.7 %

Shares of NASDAQ:COST opened at $1,043.81 on Monday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,063.00. 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 firm has a market capitalization of $463.35 billion, a P/E ratio of 61.29, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. The firm has a fifty day moving average of $961.27 and a two-hundred day moving average of $914.43.

Costco Wholesale Announces Dividend

The company also recently announced 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 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Costco Wholesale Company 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.