Retirement Guys Formula LLC Grows Stake in Costco Wholesale Co. (NASDAQ:COST)

Retirement Guys Formula LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,638 shares of the retailer’s stock after purchasing an additional 99 shares during the period. Costco Wholesale accounts for 1.2% of Retirement Guys Formula LLC’s holdings, making the stock its 16th biggest holding. Retirement Guys Formula LLC’s holdings in Costco Wholesale were worth $2,417,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in COST. AMF Tjanstepension AB bought a new position in Costco Wholesale during the third quarter valued at approximately $42,896,000. Wedge Capital Management L L P NC purchased a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $213,000. Creative Planning boosted its position in shares of Costco Wholesale by 5.5% during the 3rd quarter. Creative Planning now owns 224,169 shares of the retailer’s stock valued at $194,245,000 after acquiring an additional 11,678 shares during the last quarter. Swedbank AB grew its holdings in shares of Costco Wholesale by 1.5% in the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after purchasing an additional 6,495 shares in the last quarter. Finally, Magnus Financial Group LLC increased its position in Costco Wholesale by 14.2% in the third quarter. Magnus Financial Group LLC now owns 1,253 shares of the retailer’s stock worth $1,111,000 after purchasing an additional 156 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Up 0.6 %

Shares of NASDAQ COST opened at $1,065.12 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $472.81 billion, a PE ratio of 62.54, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,067.00. The stock’s fifty day simple moving average is $964.53 and its two-hundred day simple moving average is $918.45.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Truist Financial increased their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Raymond James lifted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Evercore ISI upped their price objective on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, Barclays lifted their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

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.