West Wealth Group LLC Acquires 15 Shares of Costco Wholesale Co. (NASDAQ:COST)

West Wealth Group LLC lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 682 shares of the retailer’s stock after acquiring an additional 15 shares during the period. West Wealth Group LLC’s holdings in Costco Wholesale were worth $625,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale during the 3rd quarter worth about $29,000. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale in the fourth quarter worth about $33,000. Retirement Wealth Solutions LLC purchased a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $55,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $58,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Costco Wholesale in the third quarter worth approximately $58,000. 68.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Sanford C. Bernstein began coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Thursday, January 9th. Truist Financial boosted their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. DA Davidson raised their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group boosted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $958.67 on Wednesday. Costco Wholesale Co. has a fifty-two week low of $686.26 and a fifty-two week high of $1,008.25. The company has a market cap of $425.55 billion, a PE ratio of 56.29, a P/E/G ratio of 5.63 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 business has a 50-day simple moving average of $952.49 and a two-hundred day simple moving average of $904.81.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.48%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 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.