Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Focus Financial Network Inc.

Focus Financial Network Inc. grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,379 shares of the retailer’s stock after purchasing an additional 701 shares during the period. Focus Financial Network Inc.’s holdings in Costco Wholesale were worth $10,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in Costco Wholesale by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after buying an additional 32,074 shares in the last quarter. Hudson Value Partners LLC lifted its position in shares of Costco Wholesale by 7.6% during 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 during the last quarter. Nwam LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter worth $20,056,000. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Costco Wholesale in the 4th quarter worth $8,430,000. Finally, GAMMA Investing LLC raised its position in shares of Costco Wholesale by 15.0% during the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock worth $7,020,000 after purchasing an additional 1,001 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST stock opened at $1,058.34 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,066.00. The stock’s 50-day moving average is $963.01 and its two-hundred day moving average is $916.76. The firm has a market cap of $469.80 billion, a P/E ratio of 62.15, a PEG ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on COST shares. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. UBS Group upped their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Truist Financial upped their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Robert W. Baird upped their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Barclays upped their target price on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

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.