Legacy Capital Wealth Partners LLC reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 39.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 695 shares of the retailer's stock after selling 460 shares during the quarter. Legacy Capital Wealth Partners LLC's holdings in Costco Wholesale were worth $637,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the third quarter valued at about $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at about $33,000. Collier Financial bought a new position in shares of Costco Wholesale during the fourth quarter worth about $35,000. Barrett & Company Inc. raised its position in shares of Costco Wholesale by 59.3% during 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 during the fourth quarter worth about $41,000. 68.48% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on the company. Loop Capital raised their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. TD Cowen raised their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Jefferies Financial Group raised their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Barclays raised their price objective on Costco Wholesale from $850.00 to $940.00 and gave the stock an "equal weight" rating in a research report on Friday, December 13th. Finally, Robert W. Baird raised their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,021.93.
View Our Latest Stock Report on Costco Wholesale
Shares of Costco Wholesale stock opened at $1,071.85 on Monday. The stock has a fifty day simple moving average of $969.49 and a 200 day simple moving average of $923.13. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. The company has a market capitalization of $475.79 billion, a P/E ratio of 62.94, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.43%. Costco Wholesale's dividend payout ratio (DPR) is currently 27.25%.
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.
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