Revolve Wealth Partners LLC Increases Holdings in Costco Wholesale Co. (NASDAQ:COST)

Revolve Wealth Partners LLC increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 13.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,123 shares of the retailer’s stock after purchasing an additional 130 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Costco Wholesale were worth $1,029,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in COST. Charles Schwab Investment Management Inc. grew its position 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. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in Costco Wholesale by 62.8% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock worth $2,143,000 after buying an additional 932 shares in the last quarter. Hudson Value Partners LLC lifted its stake in Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after purchasing an additional 568 shares during the last quarter. Nwam LLC bought a new stake in Costco Wholesale during the third quarter worth about $20,056,000. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in Costco Wholesale during the fourth quarter worth about $8,430,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Up 0.6 %

Shares of NASDAQ:COST opened at $964.02 on Thursday. Costco Wholesale Co. has a 52-week low of $690.80 and a 52-week high of $1,008.25. The firm has a market capitalization of $427.93 billion, a P/E ratio of 56.61, a P/E/G ratio of 5.63 and a beta of 0.84. The stock has a 50 day moving average price of $953.06 and a 200-day moving average price of $905.62. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Ratings Changes

COST has been the subject of several research analyst reports. Truist Financial lifted their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Raymond James lifted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Robert W. Baird lifted their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Stifel Nicolaus lifted their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen boosted their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale 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.