Narus Financial Partners LLC Has $406,000 Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Narus Financial Partners LLC grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 443 shares of the retailer’s stock after buying an additional 18 shares during the quarter. Narus Financial Partners LLC’s holdings in Costco Wholesale were worth $406,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the third quarter worth approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale during the fourth quarter worth approximately $33,000. FSC Wealth Advisors LLC acquired a new stake in Costco Wholesale in the 4th quarter valued at $41,000. Retirement Wealth Solutions LLC bought a new stake in Costco Wholesale during the 4th quarter valued at $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale during the third quarter worth $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.1 %

COST stock opened at $979.88 on Friday. The company’s 50 day moving average is $954.51 and its 200 day moving average is $907.45. The stock has a market cap of $434.97 billion, a price-to-earnings ratio of 57.54, a price-to-earnings-growth ratio of 5.75 and a beta of 0.84. 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 Co. has a 1-year low of $691.50 and a 1-year high of $1,008.25.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group boosted their target price 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. Citigroup increased their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. BMO Capital Markets increased their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Loop Capital upped their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, DA Davidson raised their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.