Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Peterson Wealth Advisors LLC

Peterson Wealth Advisors LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 5.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 445 shares of the retailer’s stock after purchasing an additional 23 shares during the period. Peterson Wealth Advisors LLC’s holdings in Costco Wholesale were worth $408,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. MinichMacGregor Wealth Management LLC raised its position in shares of Costco Wholesale by 54.1% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 578 shares of the retailer’s stock valued at $530,000 after acquiring an additional 203 shares in the last quarter. Raleigh Capital Management Inc. increased its stake in Costco Wholesale by 11.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 453 shares of the retailer’s stock valued at $415,000 after purchasing an additional 47 shares during the last quarter. True North Advisors LLC raised its holdings in shares of Costco Wholesale by 62.4% during the fourth quarter. True North Advisors LLC now owns 10,119 shares of the retailer’s stock worth $9,272,000 after purchasing an additional 3,888 shares during the period. Traynor Capital Management Inc. lifted its position in shares of Costco Wholesale by 48.3% in the 4th quarter. Traynor Capital Management Inc. now owns 4,112 shares of the retailer’s stock worth $3,767,000 after buying an additional 1,340 shares during the last quarter. Finally, Independent Wealth Network Inc. boosted its holdings in shares of Costco Wholesale by 2.6% in the 4th quarter. Independent Wealth Network Inc. now owns 1,239 shares of the retailer’s stock valued at $1,135,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. 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. Evercore ISI increased their price target on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Raymond James raised their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Jefferies Financial Group upped their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, DA Davidson raised their target price on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Trading Down 0.3 %

Shares of COST stock opened at $942.16 on Friday. 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 50-day simple moving average of $950.56 and a 200 day simple moving average of $903.04. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The stock has a market capitalization of $418.22 billion, a P/E ratio of 55.32, a P/E/G ratio of 5.65 and a beta of 0.84.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio 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.