Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Unique Wealth LLC

Unique Wealth LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 13.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 857 shares of the retailer’s stock after buying an additional 101 shares during the quarter. Unique Wealth LLC’s holdings in Costco Wholesale were worth $786,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale during the third quarter worth approximately $29,000. Fairway Wealth LLC raised its holdings in Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after purchasing an additional 46 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at $58,000. Christopher J. Hasenberg Inc grew its position in shares of Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after buying an additional 56 shares during the last quarter. Finally, VitalStone Financial LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth $71,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the subject of several research analyst reports. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Evercore ISI raised their price target on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Raymond James boosted their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group raised their target price on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target for the company. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Trading Down 1.3 %

Shares of COST stock opened at $924.70 on Tuesday. The company has a market capitalization of $410.47 billion, a price-to-earnings ratio of 54.30, a PEG ratio of 6.02 and a beta of 0.84. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The firm has a 50-day moving average price of $948.69 and a 200 day moving average price of $899.73.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.50%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Insider Activity

In related news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.