Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 6.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,759 shares of the retailer’s stock after acquiring an additional 108 shares during the quarter. Tempus Wealth Planning LLC’s holdings in Costco Wholesale were worth $1,612,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AMF Tjanstepension AB acquired a new stake in shares of Costco Wholesale in the third quarter worth approximately $42,896,000. Czech National Bank lifted its holdings in Costco Wholesale by 6.9% in the 3rd quarter. Czech National Bank now owns 90,312 shares of the retailer’s stock valued at $80,063,000 after purchasing an additional 5,799 shares in the last quarter. Everpar Advisors LLC boosted its stake in Costco Wholesale by 3.3% during the 3rd quarter. Everpar Advisors LLC now owns 539 shares of the retailer’s stock worth $478,000 after purchasing an additional 17 shares during the last quarter. Security National Bank grew its holdings in shares of Costco Wholesale by 4.4% during the third quarter. Security National Bank now owns 824 shares of the retailer’s stock worth $730,000 after buying an additional 35 shares in the last quarter. Finally, Bath Savings Trust Co raised its position in shares of Costco Wholesale by 0.4% in the third quarter. Bath Savings Trust Co now owns 21,821 shares of the retailer’s stock valued at $19,345,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective for the company. Morgan Stanley upped their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Evercore ISI lifted their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Raymond James upped their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Citigroup lifted their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Trading Up 1.6 %

NASDAQ COST opened at $1,021.86 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The firm has a market cap of $453.60 billion, a price-to-earnings ratio of 60.00, a PEG ratio of 5.84 and a beta of 0.84. The firm has a 50 day simple moving average of $955.41 and a 200-day simple moving average of $909.45. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,024.35.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. Costco Wholesale’s dividend payout ratio (DPR) 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.