Costco Wholesale Co. (NASDAQ:COST) is International Private Wealth Advisors LLC’s 8th Largest Position

International Private Wealth Advisors LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 75.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,823 shares of the retailer’s stock after buying an additional 1,216 shares during the quarter. Costco Wholesale makes up 2.6% of International Private Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest position. International Private Wealth Advisors LLC’s holdings in Costco Wholesale were worth $2,587,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted 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 valued at $2,489,574,000 after buying an additional 32,074 shares in the last quarter. Hudson Value Partners LLC lifted its position in Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after buying an additional 568 shares in the last quarter. Nwam LLC acquired a new position in Costco Wholesale during the third quarter valued at approximately $20,056,000. CHURCHILL MANAGEMENT Corp acquired a new position in Costco Wholesale during the fourth quarter valued at approximately $8,430,000. Finally, GAMMA Investing LLC lifted its position in Costco Wholesale by 15.0% during the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after buying an additional 1,001 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Down 0.3 %

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 1-year low of $697.27 and a 1-year high of $1,066.00. The firm has a fifty day moving average price of $963.01 and a two-hundred day moving average price of $916.76. The firm has a market cap of $469.80 billion, a price-to-earnings ratio of 62.15, a PEG ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. TD Cowen boosted their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Oppenheimer reissued an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Roth Mkm boosted their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Truist Financial boosted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.