Life Planning Partners Inc Buys New Position in Costco Wholesale Co. (NASDAQ:COST)

Life Planning Partners Inc acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 171,342 shares of the retailer’s stock, valued at approximately $157,000.

Other hedge funds also recently added to or reduced their stakes in the company. Sculati Wealth Management LLC boosted its position in shares of Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after buying an additional 11 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Costco Wholesale by 0.3% during the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after buying an additional 11 shares during the period. Gill Capital Partners LLC boosted its position in shares of Costco Wholesale by 0.9% during the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock worth $1,164,000 after buying an additional 11 shares during the period. Scott Capital Advisors LLC boosted its position in shares of 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 during the period. Finally, Lantz Financial LLC boosted its position in shares of Costco Wholesale by 1.7% during the fourth quarter. Lantz Financial LLC now owns 645 shares of the retailer’s stock worth $591,000 after buying an additional 11 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COST has been the subject of several analyst reports. DA Davidson boosted their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Robert W. Baird upped their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Oppenheimer restated an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. TD Cowen upped their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Loop Capital upped their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Nine research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Down 0.5 %

Costco Wholesale stock opened at $1,071.85 on Friday. The firm has a market cap of $475.79 billion, a PE ratio of 62.94, a P/E/G 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 firm’s 50 day moving average price is $967.91 and its two-hundred day moving average price is $920.57. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.43%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

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.