Vivid Wealth Management LLC Acquires 31 Shares of Costco Wholesale Co. (NASDAQ:COST)

Vivid Wealth Management LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,631 shares of the retailer’s stock after purchasing an additional 31 shares during the quarter. Costco Wholesale accounts for about 1.2% of Vivid Wealth Management LLC’s investment portfolio, making the stock its 28th largest position. Vivid Wealth Management LLC’s holdings in Costco Wholesale were worth $2,411,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in COST. Sculati Wealth Management LLC raised its stake in Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after purchasing an additional 11 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Costco Wholesale by 0.3% during the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after purchasing an additional 11 shares in the last quarter. Gill Capital Partners LLC raised its stake in Costco Wholesale by 0.9% during the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after purchasing an additional 11 shares in the last quarter. Scott Capital Advisors LLC raised its stake in Costco Wholesale by 0.8% during the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock valued at $1,247,000 after purchasing an additional 11 shares in the last quarter. Finally, Lantz Financial LLC raised its stake in Costco Wholesale by 1.7% during the fourth quarter. Lantz Financial LLC now owns 645 shares of the retailer’s stock valued at $591,000 after purchasing an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Roth Mkm boosted 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. Raymond James boosted their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Truist Financial boosted their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. UBS Group boosted their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Down 0.5 %

NASDAQ:COST opened at $1,071.85 on Friday. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The company has a 50-day moving average of $969.49 and a 200 day moving average of $922.35. The firm has a market cap of $475.79 billion, a PE ratio of 62.94, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. 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 Announces Dividend

The firm also recently disclosed 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 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

About Costco Wholesale

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.