Comprehensive Financial Planning Inc. PA Takes $2.16 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Comprehensive Financial Planning Inc. PA bought a new stake in Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,356 shares of the retailer’s stock, valued at approximately $2,159,000. Costco Wholesale accounts for 1.8% of Comprehensive Financial Planning Inc. PA’s investment portfolio, making the stock its 14th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in COST. AMF Tjanstepension AB purchased a new position in Costco Wholesale during the third quarter valued at $42,896,000. Armstrong Advisory Group Inc. raised its stake in Costco Wholesale by 14.2% during the third quarter. Armstrong Advisory Group Inc. now owns 1,004 shares of the retailer’s stock valued at $890,000 after buying an additional 125 shares during the last quarter. Affiance Financial LLC raised its stake in Costco Wholesale by 12.0% during the third quarter. Affiance Financial LLC now owns 651 shares of the retailer’s stock valued at $578,000 after buying an additional 70 shares during the last quarter. Thomasville National Bank raised its stake in Costco Wholesale by 12.7% during the third quarter. Thomasville National Bank now owns 816 shares of the retailer’s stock valued at $723,000 after buying an additional 92 shares during the last quarter. Finally, VitalStone Financial LLC purchased a new position in Costco Wholesale during the third quarter valued at $71,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST opened at $1,061.92 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $961.27 and a two-hundred day simple moving average of $915.02. The stock has a market cap of $471.39 billion, a price-to-earnings ratio of 62.36, a PEG ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,063.00.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Loop Capital lifted their price objective 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. Evercore ISI boosted their price target on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. UBS Group boosted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. TD Cowen boosted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Sanford C. Bernstein assumed coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target for the company. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

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.