Costco Wholesale Co. (NASDAQ:COST) is Invesco LLC’s 6th Largest Position

Invesco LLC trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,037 shares of the retailer’s stock after selling 52 shares during the quarter. Costco Wholesale accounts for about 3.3% of Invesco LLC’s investment portfolio, making the stock its 6th biggest position. Invesco LLC’s holdings in Costco Wholesale were worth $8,280,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on COST. Barclays lifted their price target on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Morgan Stanley boosted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Oppenheimer restated an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Loop Capital boosted their target price on shares of 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. Finally, Truist Financial raised their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Up 1.6 %

COST stock opened at $979.01 on Friday. The firm has a market cap of $434.58 billion, a PE ratio of 57.49, a P/E/G ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $691.50 and a 12 month high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a 50 day simple moving average of $953.78 and a 200 day simple moving average of $906.03.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. 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.