Costco Wholesale Co. (NASDAQ:COST) Stock Position Increased by LWM Advisory Services LLC

LWM Advisory Services LLC lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 3.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 553 shares of the retailer’s stock after buying an additional 16 shares during the period. LWM Advisory Services LLC’s holdings in Costco Wholesale were worth $505,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ST. Nicholas Private Asset Management Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter worth $2,567,000. Richardson Capital Management LLC grew its holdings in shares of Costco Wholesale by 8.4% in the 4th quarter. Richardson Capital Management LLC now owns 142 shares of the retailer’s stock worth $130,000 after acquiring an additional 11 shares during the last quarter. Pinnacle Financial Partners Inc grew its holdings in shares of Costco Wholesale by 5.4% in the 4th quarter. Pinnacle Financial Partners Inc now owns 38,466 shares of the retailer’s stock worth $35,164,000 after acquiring an additional 1,972 shares during the last quarter. 44 Wealth Management LLC grew its holdings in shares of Costco Wholesale by 0.3% in the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock worth $3,196,000 after acquiring an additional 10 shares during the last quarter. Finally, Turning Point Benefit Group Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter worth $316,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of recent research reports. UBS Group lifted their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Raymond James lifted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Robert W. Baird lifted their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Barclays lifted their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, BMO Capital Markets lifted their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $1,035.03 on Friday. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. The business has a 50-day moving average of $975.61 and a two-hundred day moving average of $931.39. The stock has a market capitalization of $459.45 billion, a P/E ratio of 60.78, a P/E/G ratio of 6.15 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 business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. Costco Wholesale’s dividend payout ratio is currently 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.