Genesis Wealth Advisors LLC Buys New Stake in Costco Wholesale Co. (NASDAQ:COST)

Genesis Wealth Advisors LLC bought a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 240 shares of the retailer’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale during the 3rd quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale during the 4th quarter valued at approximately $33,000. Collier Financial acquired a new position in Costco Wholesale during the 4th quarter valued at approximately $35,000. Barrett & Company Inc. increased its stake in Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in Costco Wholesale during the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.0 %

Shares of COST stock opened at $1,035.03 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market capitalization of $459.45 billion, a P/E ratio of 60.78, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The company has a 50 day moving average price of $975.61 and a 200 day moving average price of $932.24. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Analyst Ratings Changes

COST has been the topic of a number of recent analyst reports. Truist Financial upped their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. TD Cowen increased their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Loop Capital increased their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Wells Fargo & Company increased their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale 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.