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

CFM Wealth Partners LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 3.8% in the 4th quarter, Holdings Channel reports. The firm owned 11,241 shares of the retailer’s stock after acquiring an additional 411 shares during the quarter. Costco Wholesale accounts for about 1.7% of CFM Wealth Partners LLC’s portfolio, making the stock its 13th largest position. CFM Wealth Partners LLC’s holdings in Costco Wholesale were worth $10,300,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of COST. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the third quarter valued at $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale during the 4th quarter worth about $33,000. FSC Wealth Advisors LLC purchased a new stake in Costco Wholesale during the fourth quarter worth approximately $41,000. Retirement Wealth Solutions LLC acquired a new stake in Costco Wholesale during the 4th quarter valued at $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Costco Wholesale during the third quarter worth about $58,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $1,005.83 on Tuesday. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,009.61. The firm has a market capitalization of $446.49 billion, a price-to-earnings ratio of 59.06, a PEG ratio of 5.84 and a beta of 0.84. The company’s 50-day moving average is $954.51 and its two-hundred day moving average is $908.28. 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 Announces Dividend

The business also recently announced 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 is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.46%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Truist Financial lifted their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Stifel Nicolaus raised their price objective on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday. TD Cowen increased their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Raymond James upped their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

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.