44 Wealth Management LLC Purchases 10 Shares of Costco Wholesale Co. (NASDAQ:COST)

44 Wealth Management LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,488 shares of the retailer’s stock after purchasing an additional 10 shares during the quarter. Costco Wholesale accounts for approximately 1.2% of 44 Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. 44 Wealth Management LLC’s holdings in Costco Wholesale were worth $3,196,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of COST. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale in the third quarter worth about $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale in the fourth quarter worth about $33,000. Collier Financial bought a new position in shares of Costco Wholesale in the fourth quarter worth about $35,000. Barrett & Company Inc. lifted its holdings in shares of Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth about $41,000. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on COST shares. Stifel Nicolaus increased their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Morgan Stanley upped their price objective 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. Truist Financial upped their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Barclays upped their price objective 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. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $1,035.03 on Friday. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The stock has a market cap of $459.45 billion, a PE ratio of 60.78, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The stock’s fifty day simple moving average is $975.61 and its two-hundred day simple moving average is $930.59. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given 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 was Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 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.