Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 8.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 434 shares of the retailer’s stock after buying an additional 34 shares during the quarter. Precedent Wealth Partners LLC’s holdings in Costco Wholesale were worth $398,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new position in Costco Wholesale during the 2nd quarter valued at about $4,202,000. Ascent Group LLC grew its stake in shares of Costco Wholesale by 1.8% in the 2nd quarter. Ascent Group LLC now owns 11,861 shares of the retailer’s stock worth $10,082,000 after purchasing an additional 214 shares during the last quarter. Buck Wealth Strategies LLC acquired a new position in shares of Costco Wholesale in the 2nd quarter worth approximately $300,000. Doheny Asset Management CA increased its position in shares of Costco Wholesale by 4.5% in the second quarter. Doheny Asset Management CA now owns 4,221 shares of the retailer’s stock worth $3,588,000 after acquiring an additional 180 shares in the last quarter. Finally, Copperwynd Financial LLC increased its position in shares of Costco Wholesale by 3.5% in the second quarter. Copperwynd Financial LLC now owns 1,621 shares of the retailer’s stock worth $1,333,000 after acquiring an additional 55 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

COST has been the subject of several research reports. Roth Mkm raised their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Evercore ISI boosted their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Wells Fargo & Company boosted their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Jefferies Financial Group boosted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Stifel Nicolaus upped their price objective on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. 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, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Stock Performance

Shares of COST stock opened at $939.68 on Monday. The stock has a market capitalization of $417.12 billion, a PE ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. The business’s 50 day simple moving average is $951.57 and its 200 day simple moving average is $903.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Dividend Announcement

The company also recently announced 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. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is 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.