Marietta Wealth Management LLC Has $13.13 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Marietta Wealth Management LLC grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 14,330 shares of the retailer’s stock after acquiring an additional 217 shares during the quarter. Costco Wholesale comprises about 1.9% of Marietta Wealth Management LLC’s portfolio, making the stock its 15th biggest holding. Marietta Wealth Management LLC’s holdings in Costco Wholesale were worth $13,130,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale in the 3rd quarter valued at $29,000. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale in the fourth quarter valued at about $33,000. FSC Wealth Advisors LLC bought a new position in Costco Wholesale in the fourth quarter valued at about $41,000. Retirement Wealth Solutions LLC acquired a new position in Costco Wholesale during the fourth quarter worth about $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Costco Wholesale in the third quarter worth about $58,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

COST stock opened at $979.88 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company’s 50-day moving average is $954.51 and its 200-day moving average is $907.85. The stock has a market capitalization of $434.97 billion, a PE ratio of 57.54, a price-to-earnings-growth ratio of 5.75 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $691.50 and a 1 year high of $1,008.25.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued 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 dividend yield of 0.47%. Costco Wholesale’s dividend payout ratio is 27.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on COST shares. Jefferies Financial Group lifted their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Loop Capital upped their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Thursday, January 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Finally, Citigroup lifted their price target 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 investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.