Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Counterweight Ventures LLC

Counterweight Ventures LLC grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,085 shares of the retailer’s stock after purchasing an additional 31 shares during the quarter. Costco Wholesale accounts for about 2.6% of Counterweight Ventures LLC’s holdings, making the stock its 14th biggest holding. Counterweight Ventures LLC’s holdings in Costco Wholesale were worth $3,743,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Sculati Wealth Management LLC increased its stake in Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after purchasing an additional 11 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Costco Wholesale by 0.3% during the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after buying an additional 11 shares during the last quarter. Gill Capital Partners LLC increased its position in Costco Wholesale by 0.9% in the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after acquiring an additional 11 shares during the period. Scott Capital Advisors LLC raised its stake in Costco Wholesale by 0.8% during the 4th quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock valued at $1,247,000 after acquiring an additional 11 shares during the last quarter. Finally, Lantz Financial LLC lifted its position in Costco Wholesale by 1.7% during the 4th quarter. Lantz Financial LLC now owns 645 shares of the retailer’s stock worth $591,000 after acquiring an additional 11 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the topic of a number of recent research reports. Raymond James boosted their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, February 3rd. 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 report on Thursday. Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Jefferies Financial Group lifted their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Performance

Shares of COST opened at $1,043.81 on Monday. The company has a market capitalization of $463.35 billion, a price-to-earnings ratio of 61.29, a PEG ratio of 6.26 and a beta of 0.84. 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 $697.27 and a 1 year high of $1,063.00. The company’s 50 day simple moving average is $961.27 and its 200 day simple moving average is $914.43.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 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.