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

Principle Wealth Partners LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 0.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,735 shares of the retailer’s stock after acquiring an additional 16 shares during the period. Principle Wealth Partners LLC’s holdings in Costco Wholesale were worth $5,255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of COST. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale in the 3rd quarter valued at $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale in the 4th quarter valued at $33,000. Barrett & Company Inc. grew its position in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after buying an additional 16 shares during the last quarter. FSC Wealth Advisors LLC purchased a new position in shares of Costco Wholesale in the 4th quarter valued at $41,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Costco Wholesale in the 4th quarter valued at $55,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Down 0.3 %

COST stock opened at $1,058.34 on Wednesday. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,066.00. The stock has a market capitalization of $469.80 billion, a PE ratio of 62.15, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. 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 company has a fifty day moving average of $963.01 and a 200-day moving average of $916.76.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors 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 of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analyst Ratings Changes

A number of research analysts recently commented on COST shares. Robert W. Baird increased their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Barclays increased their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. DA Davidson increased their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Evercore ISI increased their target price on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, Tigress Financial reissued a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.