Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 33.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,353 shares of the retailer’s stock after purchasing an additional 342 shares during the period. Gateway Wealth Partners LLC’s holdings in Costco Wholesale were worth $1,240,000 as of its most recent SEC filing.

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

Costco Wholesale Stock Performance

Shares of COST stock opened at $964.02 on Thursday. The company’s fifty day moving average price is $953.06 and its two-hundred day moving average price is $905.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a market capitalization of $427.93 billion, a P/E ratio of 56.61, a P/E/G ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $690.80 and a 12 month high of $1,008.25.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on COST shares. 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. Citigroup increased their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. 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 report on Friday, December 13th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Thursday, January 9th. Finally, Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

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.