Strategic Family Wealth Counselors L.L.C. Increases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Strategic Family Wealth Counselors L.L.C. grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 22.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 707 shares of the retailer’s stock after purchasing an additional 129 shares during the quarter. Strategic Family Wealth Counselors L.L.C.’s holdings in Costco Wholesale were worth $648,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale during the third quarter valued at approximately $29,000. Synergy Investment Management LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter worth $31,000. NewSquare Capital LLC raised its holdings in Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after purchasing an additional 25 shares during the period. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale during the fourth quarter valued at $33,000. Finally, Collier Financial bought a new stake in Costco Wholesale during the fourth quarter valued at about $35,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on COST shares. Truist Financial lifted their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Robert W. Baird lifted their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Barclays increased their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Stifel Nicolaus lifted their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, BMO Capital Markets upped their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Trading Down 2.0 %

Shares of COST stock opened at $1,026.62 on Friday. The company has a market cap of $455.72 billion, a PE ratio of 60.28, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.24. The stock’s 50 day simple moving average is $989.20 and its two-hundred day simple moving average is $942.33. 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 (NASDAQ:COST) last released its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($0.07). The company had revenue of $63.72 billion for the quarter, compared to analysts’ expectations of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. Research analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

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