Falcon Wealth Planning Has $5.88 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Falcon Wealth Planning lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 220.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,413 shares of the retailer’s stock after purchasing an additional 4,412 shares during the quarter. Costco Wholesale makes up about 0.7% of Falcon Wealth Planning’s holdings, making the stock its 23rd biggest position. Falcon Wealth Planning’s holdings in Costco Wholesale were worth $5,876,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of COST. 3Chopt Investment Partners LLC bought a new position in Costco Wholesale during the second quarter valued at about $446,000. New Century Financial Group LLC grew its holdings in shares of Costco Wholesale by 15.0% in the 2nd quarter. New Century Financial Group LLC now owns 474 shares of the retailer’s stock worth $403,000 after purchasing an additional 62 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Costco Wholesale during the 2nd quarter worth about $2,667,000. Centennial Bank AR raised its position in Costco Wholesale by 1.2% in the 2nd quarter. Centennial Bank AR now owns 1,977 shares of the retailer’s stock worth $1,680,000 after purchasing an additional 24 shares during the last quarter. Finally, Brown Financial Advisors acquired a new position in shares of Costco Wholesale during the second quarter valued at $1,328,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of a number of analyst reports. Evercore ISI boosted their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. DA Davidson lifted their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Morgan Stanley raised their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, Roth Mkm increased their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Price Performance

COST stock opened at $964.02 on Thursday. The firm has a 50 day moving average of $953.06 and a 200-day moving average of $905.62. 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 firm has a market capitalization of $427.93 billion, a P/E ratio of 56.61, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $690.80 and a 12 month high of $1,008.25.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Costco Wholesale 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.