Costco Wholesale Co. (NASDAQ:COST) Shares Bought by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 54.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 578 shares of the retailer’s stock after buying an additional 203 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in Costco Wholesale were worth $530,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Costco Wholesale by 1.7% in the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after buying an additional 162,191 shares during the period. FMR LLC raised its stake in shares of Costco Wholesale by 3.6% in the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after acquiring an additional 324,973 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after acquiring an additional 7,364,453 shares in the last quarter. Legal & General Group Plc boosted its position in Costco Wholesale by 2.5% during the 2nd quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock worth $3,102,941,000 after purchasing an additional 88,550 shares during the period. Finally, Jennison Associates LLC increased its holdings in Costco Wholesale by 3.8% in the 3rd quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock valued at $3,013,394,000 after purchasing an additional 125,444 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on COST shares. Tigress Financial restated a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Truist Financial upped their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Citigroup boosted their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Thursday, January 9th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Performance

COST stock opened at $942.16 on Friday. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The stock has a market capitalization of $418.22 billion, a price-to-earnings ratio of 55.32, a PEG ratio of 5.65 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 stock’s fifty day moving average is $950.56 and its two-hundred day moving average is $903.04.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.49%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

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.