Analysts Set Costco Wholesale Co. (NASDAQ:COST) Price Target at $1,021.93

Costco Wholesale Co. (NASDAQ:COST) has been given a consensus recommendation of “Moderate Buy” by the twenty-seven analysts that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $1,021.93.

A number of equities research analysts recently issued reports on the stock. Roth Mkm upped their price target 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. BMO Capital Markets increased their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Truist Financial boosted their price objective on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Robert W. Baird raised their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company boosted their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th.

Costco Wholesale Stock Up 0.6 %

Shares of COST opened at $1,062.54 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $471.66 billion, a price-to-earnings ratio of 62.39, a price-to-earnings-growth ratio of 6.37 and a beta of 0.84. Costco Wholesale has a 1 year low of $697.27 and a 1 year high of $1,078.23. The business’s 50 day simple moving average is $973.78 and its 200-day simple moving average is $928.24.

Costco Wholesale Dividend Announcement

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

Institutional Investors Weigh In On Costco Wholesale

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC increased its holdings in shares of Costco Wholesale by 113,947.9% in the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after purchasing an additional 7,364,453 shares during the period. Norges Bank acquired a new position in Costco Wholesale in the 4th quarter worth approximately $5,182,316,000. Proficio Capital Partners LLC increased its holdings in Costco Wholesale by 74,796.3% in the 4th quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock worth $1,394,465,000 after buying an additional 1,519,861 shares during the period. Leigh Baldwin & CO. LLC purchased a new position in Costco Wholesale during the 4th quarter worth approximately $95,452,000. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of Costco Wholesale by 100,422.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after acquiring an additional 795,345 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

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.