Costco Wholesale Co. (NASDAQ:COST) Shares Bought by SMART Wealth LLC

SMART Wealth LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 16.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 733 shares of the retailer’s stock after acquiring an additional 102 shares during the period. SMART Wealth LLC’s holdings in Costco Wholesale were worth $672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in COST. Prairie Wealth Advisors Inc. increased its stake in shares of Costco Wholesale by 8.7% in the 4th quarter. Prairie Wealth Advisors Inc. now owns 1,024 shares of the retailer’s stock valued at $938,000 after purchasing an additional 82 shares in the last quarter. Fairvoy Private Wealth LLC acquired a new stake in Costco Wholesale in the fourth quarter valued at approximately $4,055,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Costco Wholesale by 5.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 56,072 shares of the retailer’s stock valued at $51,377,000 after buying an additional 2,919 shares in the last quarter. Telligent Fund LP acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $4,123,000. Finally, RNC Capital Management LLC lifted its position in shares of Costco Wholesale by 6.2% during the 4th quarter. RNC Capital Management LLC now owns 3,265 shares of the retailer’s stock valued at $2,992,000 after buying an additional 192 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Trading Down 0.7 %

COST opened at $1,043.81 on Friday. The stock has a market capitalization of $463.35 billion, a PE ratio of 61.29, a P/E/G ratio of 5.84 and a beta of 0.84. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,063.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The business’s 50 day moving average price is $959.83 and its 200 day moving average price is $912.64.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Analyst Ratings Changes

Several equities research analysts recently commented on COST shares. Loop Capital boosted their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Morgan Stanley boosted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Tigress Financial reaffirmed a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research note on Thursday, October 17th. Stifel Nicolaus boosted their price objective on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, TD Cowen increased their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale 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.