Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Prospect Financial Services LLC

Prospect Financial Services LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 818 shares of the retailer’s stock after acquiring an additional 69 shares during the quarter. Prospect Financial Services LLC’s holdings in Costco Wholesale were worth $749,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale during the fourth quarter worth about $33,000. FSC Wealth Advisors LLC acquired a new position in Costco Wholesale in the 4th quarter valued at about $41,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $964.02 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $953.06 and a 200-day simple moving average of $905.62. The stock has a market cap of $427.93 billion, a P/E ratio of 56.61, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $690.80 and a 12-month high of $1,008.25.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.48%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on COST. Morgan Stanley increased their price objective 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. DA Davidson increased their price target on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Stifel Nicolaus boosted their price objective on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Barclays increased their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Finally, Truist Financial boosted their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale 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.