tru Independence LLC Takes $370,000 Position in Costco Wholesale Co. (NASDAQ:COST)

tru Independence LLC bought a new stake in Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 404 shares of the retailer’s stock, valued at approximately $370,000.

Other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp raised its position in shares of Costco Wholesale by 1.1% during the second quarter. Truist Financial Corp now owns 316,993 shares of the retailer’s stock worth $269,441,000 after purchasing an additional 3,526 shares during the period. IMS Capital Management increased its stake in Costco Wholesale by 7.1% during the 2nd quarter. IMS Capital Management now owns 3,794 shares of the retailer’s stock valued at $3,324,000 after purchasing an additional 252 shares in the last quarter. Ted Buchan & Co acquired a new position in Costco Wholesale during the second quarter worth $2,677,000. 3Chopt Investment Partners LLC bought a new position in shares of Costco Wholesale in the second quarter valued at $446,000. Finally, Aldebaran Financial Inc. acquired a new position in shares of Costco Wholesale during the second quarter valued at about $212,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on COST. TD Cowen raised their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. UBS Group raised their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Roth Mkm upped their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Jefferies Financial Group raised their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, DA Davidson upped their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Trading Down 0.7 %

NASDAQ:COST opened at $958.67 on Wednesday. Costco Wholesale Co. has a 1 year low of $686.26 and a 1 year high of $1,008.25. The stock’s fifty day moving average price is $952.49 and its two-hundred day moving average price is $904.81. 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 company has a market cap of $425.55 billion, a P/E ratio of 56.29, a P/E/G ratio of 5.63 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.48%. Costco Wholesale’s dividend payout ratio is currently 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.