Trinity Legacy Partners LLC Raises Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Trinity Legacy Partners LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 3.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 6,534 shares of the retailer’s stock after acquiring an additional 206 shares during the period. Costco Wholesale comprises approximately 1.5% of Trinity Legacy Partners LLC’s investment portfolio, making the stock its 24th largest position. Trinity Legacy Partners LLC’s holdings in Costco Wholesale were worth $5,987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale in the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale in the fourth quarter valued at $33,000. Collier Financial acquired a new position in Costco Wholesale during the 4th quarter worth $35,000. Barrett & Company Inc. increased its holdings in Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at $41,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COST has been the topic of a number of research analyst reports. Robert W. Baird raised their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Raymond James boosted their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Roth Mkm upped their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Evercore ISI lifted their target price on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, UBS Group upped 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Trading Down 2.7 %

Shares of COST stock opened at $1,034.22 on Friday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The company has a market capitalization of $459.09 billion, a price-to-earnings ratio of 60.73, a PEG ratio of 6.32 and a beta of 0.84. The firm has a 50-day moving average price of $974.70 and a 200 day moving average price of $928.97. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

The company 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 dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 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.