IFP Advisors Inc Acquires 3,822 Shares of Costco Wholesale Co. (NASDAQ:COST)

IFP Advisors Inc grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 23.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,355 shares of the retailer’s stock after purchasing an additional 3,822 shares during the quarter. Costco Wholesale comprises about 0.6% of IFP Advisors Inc’s investment portfolio, making the stock its 28th biggest position. IFP Advisors Inc’s holdings in Costco Wholesale were worth $18,653,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the 4th quarter worth $33,000. Collier Financial bought a new position in Costco Wholesale in the 4th quarter worth $35,000. Barrett & Company Inc. raised its holdings in Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth about $41,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on COST shares. Citigroup boosted their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Evercore ISI restated a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. BMO Capital Markets boosted 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 research report on Friday, December 13th. TD Cowen upped their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, UBS Group upped their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Price Performance

Shares of COST opened at $1,035.03 on Monday. The firm has a market capitalization of $459.45 billion, a PE ratio of 60.78, a PEG ratio of 6.15 and a beta of 0.84. The company’s 50-day moving average is $975.61 and its 200-day moving average is $932.24. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s payout ratio is presently 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.