Impact Partnership Wealth LLC Makes New Investment in Costco Wholesale Co. (NASDAQ:COST)

Impact Partnership Wealth LLC purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 282 shares of the retailer’s stock, valued at approximately $258,000.

A number of other institutional investors have also recently bought and sold shares of COST. Renaissance Technologies LLC acquired a new position in shares of Costco Wholesale in the second quarter valued at approximately $4,202,000. Beck Bode LLC grew its position in shares of Costco Wholesale by 1.7% in the second quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock valued at $13,563,000 after purchasing an additional 260 shares during the last quarter. Beaird Harris Wealth Management LLC grew its position in shares of Costco Wholesale by 8.2% in the second quarter. Beaird Harris Wealth Management LLC now owns 554 shares of the retailer’s stock valued at $471,000 after purchasing an additional 42 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Costco Wholesale in the second quarter valued at approximately $14,809,000. Finally, Arkos Global Advisors grew its position in shares of Costco Wholesale by 4.4% in the second quarter. Arkos Global Advisors now owns 591 shares of the retailer’s stock valued at $502,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

COST has been the subject of several recent research reports. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research note on Thursday, October 17th. UBS Group boosted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Raymond James boosted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Loop Capital boosted their price target 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. Finally, Robert W. Baird boosted their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Performance

NASDAQ COST opened at $939.68 on Friday. The company has a market capitalization of $417.12 billion, a price-to-earnings ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The stock has a fifty day simple moving average of $951.57 and a 200 day simple moving average of $903.72. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale’s payout ratio is 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.