Strategic Planning Group LLC Boosts Stake in Costco Wholesale Co. (NASDAQ:COST)

Strategic Planning Group LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,720 shares of the retailer’s stock after acquiring an additional 474 shares during the period. Costco Wholesale accounts for approximately 2.5% of Strategic Planning Group LLC’s investment portfolio, making the stock its 14th biggest position. Strategic Planning Group LLC’s holdings in Costco Wholesale were worth $13,488,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale during the third quarter worth about $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $33,000. FSC Wealth Advisors LLC purchased a new position in Costco Wholesale in the fourth quarter worth approximately $41,000. Retirement Wealth Solutions LLC acquired a new stake in Costco Wholesale during the fourth quarter worth $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Costco Wholesale in the third quarter valued at $58,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on COST. Tigress Financial reissued a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Citigroup boosted their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. 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 report on Friday, December 13th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Thursday, January 9th. Finally, Morgan Stanley raised their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Trading Up 0.1 %

NASDAQ:COST opened at $979.88 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 1 year low of $691.50 and a 1 year high of $1,008.25. The stock has a market cap of $434.97 billion, a P/E ratio of 57.54, a P/E/G ratio of 5.75 and a beta of 0.84. The stock has a 50-day simple moving average of $954.19 and a 200-day simple moving average of $906.54.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.47%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

About Costco Wholesale

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.