Independent Wealth Network Inc. Buys 31 Shares of Costco Wholesale Co. (NASDAQ:COST)

Independent Wealth Network Inc. increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,239 shares of the retailer’s stock after acquiring an additional 31 shares during the period. Independent Wealth Network Inc.’s holdings in Costco Wholesale were worth $1,135,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter valued at about $29,000. Retirement Wealth Solutions LLC acquired a new position in Costco Wholesale during the fourth quarter worth approximately $55,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Costco Wholesale during the fourth quarter worth approximately $58,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale in the third quarter valued at approximately $58,000. Finally, Christopher J. Hasenberg Inc boosted its stake in shares of Costco Wholesale by 329.4% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after acquiring an additional 56 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Roth Mkm increased their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Jefferies Financial Group increased their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Evercore ISI increased their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Raymond James boosted their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Price Performance

COST stock opened at $942.16 on Friday. The stock has a market cap of $418.22 billion, a price-to-earnings ratio of 55.32, a P/E/G ratio of 5.65 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. The company has a 50 day simple moving average of $950.56 and a 200 day simple moving average of $903.04. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders 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 dividend yield of 0.49%. Costco Wholesale’s payout ratio is 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.