Transcendent Capital Group LLC Has $750,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

Transcendent Capital Group LLC lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 16.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 818 shares of the retailer’s stock after acquiring an additional 113 shares during the period. Transcendent Capital Group LLC’s holdings in Costco Wholesale were worth $750,000 at the end of the most recent reporting period.

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

Costco Wholesale Stock Up 0.1 %

Shares of COST opened at $1,035.60 on Tuesday. The firm has a market capitalization of $459.70 billion, a price-to-earnings ratio of 60.81, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23. 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 business’s fifty day moving average price is $976.47 and its two-hundred day moving average price is $933.62.

Costco Wholesale Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on COST. Robert W. Baird boosted their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Stifel Nicolaus boosted their price target on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Truist Financial raised their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. BMO Capital Markets upped their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Morgan Stanley raised their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.