Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Peloton Wealth Strategists

Peloton Wealth Strategists lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,671 shares of the retailer’s stock after acquiring an additional 148 shares during the period. Costco Wholesale comprises approximately 1.4% of Peloton Wealth Strategists’ holdings, making the stock its 26th largest holding. Peloton Wealth Strategists’ holdings in Costco Wholesale were worth $3,364,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale in the fourth quarter worth $33,000. Collier Financial acquired a new stake in Costco Wholesale in the fourth quarter worth $35,000. Barrett & Company Inc. increased its position in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after buying an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new stake in Costco Wholesale in the fourth quarter worth $41,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 1.0 %

Shares of COST stock opened at $1,021.71 on Friday. The stock has a 50-day simple moving average of $980.62 and a 200 day simple moving average of $936.31. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. The stock has a market capitalization of $453.54 billion, a P/E ratio of 59.99, a P/E/G ratio of 6.15 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date 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 (DPR) is 27.25%.

Analysts Set New Price Targets

COST has been the topic of several analyst reports. Morgan Stanley increased their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Barclays increased their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Stifel Nicolaus increased their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.