Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Horst & Graben Wealth Management LLC

Horst & Graben Wealth Management LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,801 shares of the retailer’s stock after buying an additional 23 shares during the quarter. Horst & Graben Wealth Management LLC’s holdings in Costco Wholesale were worth $1,650,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after purchasing an additional 32,074 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in Costco Wholesale by 62.8% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after buying an additional 932 shares during the period. Hudson Value Partners LLC increased its holdings in Costco Wholesale by 7.6% in the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after buying an additional 568 shares in the last quarter. Nwam LLC acquired a new position in shares of Costco Wholesale in the third quarter worth about $20,056,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Costco Wholesale during the 4th quarter worth about $8,430,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ:COST opened at $1,005.83 on Tuesday. The stock’s fifty day moving average is $954.51 and its two-hundred day moving average is $908.28. 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 company has a market capitalization of $446.49 billion, a P/E ratio of 59.06, a P/E/G ratio of 5.84 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,009.61.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on COST. TD Cowen lifted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Evercore ISI boosted their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Loop Capital raised their price target on shares of 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. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.