Precision Wealth Strategies LLC Purchases 351 Shares of Costco Wholesale Co. (NASDAQ:COST)

Precision Wealth Strategies LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 14.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,801 shares of the retailer’s stock after purchasing an additional 351 shares during the period. Costco Wholesale accounts for 2.0% of Precision Wealth Strategies LLC’s investment portfolio, making the stock its 16th largest holding. Precision Wealth Strategies LLC’s holdings in Costco Wholesale were worth $2,566,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Tokio Marine Asset Management Co. Ltd. grew its stake in Costco Wholesale by 36.6% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 54,244 shares of the retailer’s stock valued at $49,702,000 after buying an additional 14,539 shares during the last quarter. Capital Insight Partners LLC boosted its position in shares of Costco Wholesale by 19.2% in the fourth quarter. Capital Insight Partners LLC now owns 1,456 shares of the retailer’s stock valued at $1,334,000 after acquiring an additional 235 shares during the period. Abundance Wealth Counselors grew its stake in shares of Costco Wholesale by 6.0% in the fourth quarter. Abundance Wealth Counselors now owns 1,681 shares of the retailer’s stock valued at $1,540,000 after acquiring an additional 95 shares in the last quarter. Independence Bank of Kentucky increased its position in Costco Wholesale by 11.0% during the fourth quarter. Independence Bank of Kentucky now owns 2,335 shares of the retailer’s stock worth $2,139,000 after acquiring an additional 232 shares during the period. Finally, SeaBridge Investment Advisors LLC increased its stake in Costco Wholesale by 9.4% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 2,449 shares of the retailer’s stock worth $2,244,000 after acquiring an additional 210 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $979.88 on Monday. 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 has a market cap of $434.97 billion, a PE ratio of 57.54, a PEG ratio of 5.75 and a beta of 0.84. The company’s fifty day moving average is $954.51 and its 200 day moving average is $907.85. Costco Wholesale Co. has a 52 week low of $691.50 and a 52 week high of $1,008.25.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.47%. Costco Wholesale’s payout ratio is currently 27.25%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Citigroup increased their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Stifel Nicolaus boosted their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Tigress Financial reaffirmed a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Truist Financial boosted their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Finally, 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. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.