Waterway Wealth Management LLC Takes Position in Costco Wholesale Co. (NASDAQ:COST)

Waterway Wealth Management LLC acquired a new position in Costco Wholesale Co. (NASDAQ:COST) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 247 shares of the retailer’s stock, valued at approximately $226,000.

Other large investors have also made changes to their positions in the company. Proficio Capital Partners LLC increased its position in Costco Wholesale by 74,796.3% in the 4th quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock worth $1,394,465,000 after buying an additional 1,519,861 shares during the period. Strategic Financial Concepts LLC boosted its position in shares of Costco Wholesale by 100,422.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after acquiring an additional 795,345 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Costco Wholesale by 55.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after acquiring an additional 382,367 shares during the last quarter. FMR LLC increased its position in Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after acquiring an additional 324,973 shares during the period. Finally, Life Planning Partners Inc acquired a new position in Costco Wholesale during the 4th quarter valued at $157,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Down 1.0 %

Shares of COST opened at $1,021.71 on Friday. The stock has a fifty day moving average price of $980.62 and a two-hundred day moving average price of $936.31. The company has a market cap of $453.54 billion, a price-to-earnings ratio of 59.99, a PEG 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. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.23.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.16 per share. 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 payout ratio is 27.25%.

Analysts Set New Price Targets

COST has been the topic of several research analyst reports. Raymond James raised their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Telsey Advisory Group reissued an “outperform” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Citigroup upped their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Jefferies Financial Group lifted their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Loop Capital upped their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.