Tyche Wealth Partners LLC Acquires 846 Shares of Costco Wholesale Co. (NASDAQ:COST)

Tyche Wealth Partners LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 14.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,510 shares of the retailer’s stock after purchasing an additional 846 shares during the period. Costco Wholesale accounts for about 1.3% of Tyche Wealth Partners LLC’s portfolio, making the stock its 17th biggest holding. Tyche Wealth Partners LLC’s holdings in Costco Wholesale were worth $5,965,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of COST. AMF Tjanstepension AB acquired a new position in Costco Wholesale in the 3rd quarter worth about $42,896,000. Gunderson Capital Management Inc. increased its holdings in Costco Wholesale by 47.0% in the 3rd quarter. Gunderson Capital Management Inc. now owns 435 shares of the retailer’s stock worth $385,000 after purchasing an additional 139 shares in the last quarter. CWM LLC increased its holdings in Costco Wholesale by 6.1% in the 3rd quarter. CWM LLC now owns 54,764 shares of the retailer’s stock worth $48,550,000 after purchasing an additional 3,151 shares in the last quarter. Wedmont Private Capital increased its stake in shares of Costco Wholesale by 9.1% in the third quarter. Wedmont Private Capital now owns 5,152 shares of the retailer’s stock valued at $4,501,000 after buying an additional 429 shares during the period. Finally, Clarus Wealth Advisors increased its stake in shares of Costco Wholesale by 3.2% in the third quarter. Clarus Wealth Advisors now owns 836 shares of the retailer’s stock valued at $730,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.8 %

COST stock opened at $1,050.99 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 quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average is $958.04 and its 200-day moving average is $911.67. The firm has a market capitalization of $466.53 billion, a PE ratio of 61.71, a P/E/G ratio of 5.84 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Loop Capital increased their price target on 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. Citigroup increased their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Jefferies Financial Group increased their price target 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, Barclays increased their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.