Retirement Income Solutions Inc Buys 13 Shares of Costco Wholesale Co. (NASDAQ:COST)

Retirement Income Solutions Inc boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 380 shares of the retailer’s stock after acquiring an additional 13 shares during the period. Retirement Income Solutions Inc’s holdings in Costco Wholesale were worth $348,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the third quarter worth about $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale during the 4th quarter valued at approximately $33,000. Collier Financial bought a new stake in Costco Wholesale in the 4th quarter worth approximately $35,000. Barrett & Company Inc. boosted its position in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC purchased a new position in shares of Costco Wholesale in the fourth quarter valued at $41,000. 68.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COST has been the topic of a number of recent research reports. Loop Capital upped their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. BMO Capital Markets boosted their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Jefferies Financial Group raised their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, UBS Group boosted their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Nine equities 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, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Trading Down 0.5 %

COST opened at $1,071.85 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average is $969.49 and its two-hundred day moving average is $923.85. The company has a market capitalization of $475.79 billion, a P/E ratio of 62.94, a PEG ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23.

Costco Wholesale Announces Dividend

The company 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 dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.43%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

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.