Retirement Guys Formula LLC Raises Position in Costco Wholesale Co. (NASDAQ:COST)

Retirement Guys Formula LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,638 shares of the retailer’s stock after purchasing an additional 99 shares during the period. Costco Wholesale comprises 1.2% of Retirement Guys Formula LLC’s holdings, making the stock its 16th largest holding. Retirement Guys Formula LLC’s holdings in Costco Wholesale were worth $2,417,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Avion Wealth grew its position in Costco Wholesale by 15.2% during the 4th quarter. Avion Wealth now owns 114 shares of the retailer’s stock worth $104,000 after purchasing an additional 15 shares during the last quarter. Marks Group Wealth Management Inc lifted its stake in shares of Costco Wholesale by 31.2% during the fourth quarter. Marks Group Wealth Management Inc now owns 1,002 shares of the retailer’s stock worth $918,000 after buying an additional 238 shares during the period. Lester Murray Antman dba SimplyRich lifted its stake in shares of Costco Wholesale by 1.2% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 2,124 shares of the retailer’s stock worth $1,946,000 after buying an additional 25 shares during the period. Jmac Enterprises LLC increased its position in shares of Costco Wholesale by 1.4% in the 4th quarter. Jmac Enterprises LLC now owns 1,401 shares of the retailer’s stock valued at $1,284,000 after acquiring an additional 19 shares during the period. Finally, Avidian Wealth Enterprises LLC increased its position in shares of Costco Wholesale by 3.4% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 1,909 shares of the retailer’s stock valued at $1,749,000 after acquiring an additional 62 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Raymond James boosted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. BMO Capital Markets lifted their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Tigress Financial restated a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Finally, Loop Capital increased their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Up 0.6 %

Shares of NASDAQ COST opened at $1,065.12 on Thursday. The firm has a market cap of $472.81 billion, a price-to-earnings ratio of 62.54, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. The company’s 50-day simple moving average is $964.53 and its 200-day simple moving average is $918.45. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,067.00.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is currently 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.