Linscomb Wealth Inc. Buys 142 Shares of Costco Wholesale Co. (NASDAQ:COST)

Linscomb Wealth Inc. lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,490 shares of the retailer’s stock after buying an additional 142 shares during the period. Linscomb Wealth Inc.’s holdings in Costco Wholesale were worth $5,946,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its position in shares of Costco Wholesale by 74,796.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock valued at $1,394,465,000 after purchasing an additional 1,519,861 shares during the period. Strategic Financial Concepts LLC boosted its stake in Costco Wholesale by 100,422.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after buying an additional 795,345 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Costco Wholesale by 55.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after buying an additional 382,367 shares in the last quarter. FMR LLC raised its stake in shares of Costco Wholesale by 3.6% in the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after buying an additional 324,973 shares in the last quarter. Finally, Life Planning Partners Inc bought a new position in shares of Costco Wholesale during the 4th quarter worth about $157,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on COST shares. Citigroup upped their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Raymond James increased their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Jefferies Financial Group increased their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Loop Capital boosted their target price on shares of 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. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $1,021.71 on Friday. The company has a market cap of $453.54 billion, a PE ratio of 59.99, a PEG ratio of 6.15 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. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The company’s 50-day moving average is $980.62 and its two-hundred day moving average is $936.31.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. Costco Wholesale’s payout ratio is presently 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.