Linscomb Wealth Inc. Buys 142 Shares of Costco Wholesale Co. (NASDAQ:COST)

Linscomb Wealth Inc. lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,490 shares of the retailer’s stock after purchasing an additional 142 shares during the period. Linscomb Wealth Inc.’s holdings in Costco Wholesale were worth $5,946,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. AMF Tjanstepension AB bought a new position in Costco Wholesale during the third quarter worth about $42,896,000. Swedbank AB raised its position in shares of Costco Wholesale by 1.5% during the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after purchasing an additional 6,495 shares during the period. Adams Diversified Equity Fund Inc. bought a new position in shares of Costco Wholesale during the 3rd quarter valued at about $8,688,000. Trajan Wealth LLC lifted its holdings in shares of Costco Wholesale by 10.2% during the 3rd quarter. Trajan Wealth LLC now owns 35,319 shares of the retailer’s stock valued at $31,311,000 after purchasing an additional 3,276 shares in the last quarter. Finally, Creekmur Asset Management LLC grew its position in shares of Costco Wholesale by 9.3% in the 3rd quarter. Creekmur Asset Management LLC now owns 1,838 shares of the retailer’s stock valued at $1,630,000 after purchasing an additional 157 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $1,021.71 on Friday. The stock has a market cap of $453.54 billion, a PE ratio of 59.99, a P/E/G ratio of 6.15 and a beta of 0.84. 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 50-day moving average of $980.62 and a 200-day moving average of $936.31. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.23.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend 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 currently 27.25%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on COST shares. Citigroup lifted their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Truist Financial increased their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Stifel Nicolaus boosted their price target on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Robert W. Baird increased their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Costco Wholesale 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.