Costco Wholesale Co. (NASDAQ:COST) Shares Bought by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 54.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 578 shares of the retailer’s stock after purchasing an additional 203 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in Costco Wholesale were worth $530,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in shares of Costco Wholesale in the second quarter valued at approximately $4,202,000. Beck Bode LLC grew its position in Costco Wholesale by 1.7% in the 2nd quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock valued at $13,563,000 after buying an additional 260 shares during the last quarter. AQR Capital Management LLC increased its stake in Costco Wholesale by 7.5% in the 2nd quarter. AQR Capital Management LLC now owns 266,964 shares of the retailer’s stock valued at $226,917,000 after buying an additional 18,628 shares during the period. APG Asset Management N.V. raised its position in Costco Wholesale by 10.3% during the 2nd quarter. APG Asset Management N.V. now owns 726,332 shares of the retailer’s stock worth $576,044,000 after buying an additional 67,616 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC acquired a new stake in shares of Costco Wholesale in the 2nd quarter worth $264,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target on the stock. Jefferies Financial Group boosted their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Raymond James raised their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Thursday, January 9th. Finally, Truist Financial raised their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Price Performance

NASDAQ:COST opened at $942.16 on Friday. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The firm has a market cap of $418.22 billion, a price-to-earnings ratio of 55.32, a price-to-earnings-growth ratio of 5.65 and a beta of 0.84. The company’s 50-day moving average is $950.56 and its two-hundred day moving average is $903.04. 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 announced a quarterly dividend, which will be paid on Friday, February 21st. Investors 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 0.49%. Costco Wholesale’s dividend payout ratio (DPR) 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.