Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,062 shares of the retailer’s stock after buying an additional 3,129 shares during the quarter. Costco Wholesale makes up about 1.0% of Kingsview Wealth Management LLC’s investment portfolio, making the stock its 20th biggest holding. Kingsview Wealth Management LLC’s holdings in Costco Wholesale were worth $49,535,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of COST. Fermata Advisors LLC boosted its stake in Costco Wholesale by 0.6% during the third quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after buying an additional 11 shares in the last quarter. Sculati Wealth Management LLC grew its stake in shares of Costco Wholesale by 0.3% in the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after purchasing an additional 11 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Costco Wholesale by 0.3% in the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after purchasing an additional 11 shares in the last quarter. Gill Capital Partners LLC lifted its stake in Costco Wholesale by 0.9% during the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after purchasing an additional 11 shares during the last quarter. Finally, Scott Capital Advisors LLC boosted its holdings in Costco Wholesale by 0.8% during the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after buying an additional 11 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.7 %

COST opened at $1,043.81 on Friday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month 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 has a 50 day moving average price of $961.27 and a 200 day moving average price of $914.00. The firm has a market cap 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.

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 given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is 27.25%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COST. TD Cowen raised their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Truist Financial increased their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday, February 3rd. Raymond James raised their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Robert W. Baird upped their price target 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. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

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.