Wealth Effects LLC Has $766,000 Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Wealth Effects LLC lowered its stake in Costco Wholesale Co. (NASDAQ:COST) by 10.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 836 shares of the retailer’s stock after selling 101 shares during the period. Wealth Effects LLC’s holdings in Costco Wholesale were worth $766,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of COST. Charles Schwab Investment Management Inc. increased its holdings in Costco Wholesale by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $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 increased its stake in shares of Costco Wholesale by 62.8% in the 3rd 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 acquiring an additional 932 shares in the last quarter. Hudson Value Partners LLC increased its stake in shares of Costco Wholesale by 7.6% in the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after acquiring an additional 568 shares in the last quarter. Nwam LLC acquired a new stake in Costco Wholesale in the 3rd quarter valued at $20,056,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in Costco Wholesale in the 4th quarter valued at $8,430,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. UBS Group boosted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Evercore ISI raised 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. Roth Mkm lifted their price objective on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Loop Capital boosted their price target on 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, Citigroup boosted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Price Performance

COST stock opened at $964.02 on Thursday. Costco Wholesale Co. has a 12-month low of $690.80 and a 12-month high of $1,008.25. The company has a market capitalization of $427.93 billion, a PE ratio of 56.61, a P/E/G ratio of 5.63 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’s fifty day moving average price is $953.06 and its 200 day moving average price is $905.62.

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 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 0.48%. Costco Wholesale’s payout ratio is 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.