234 Shares in Costco Wholesale Co. (NASDAQ:COST) Bought by Intelligence Driven Advisers LLC

Intelligence Driven Advisers LLC acquired a new position in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 234 shares of the retailer’s stock, valued at approximately $214,000.

Several other large investors have also recently made changes to their positions in the business. AMF Tjanstepension AB bought a new stake in shares of Costco Wholesale in the 3rd quarter worth approximately $42,896,000. Wedge Capital Management L L P NC purchased a new stake in Costco Wholesale in the third quarter worth $213,000. Creative Planning raised its stake in shares of Costco Wholesale by 5.5% in the third quarter. Creative Planning now owns 224,169 shares of the retailer’s stock valued at $194,245,000 after buying an additional 11,678 shares during the period. Swedbank AB lifted its position in shares of Costco Wholesale by 1.5% during the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after buying an additional 6,495 shares during the last quarter. Finally, Indiana Trust & Investment Management Co grew its stake in shares of Costco Wholesale by 4.3% during the 3rd quarter. Indiana Trust & Investment Management Co now owns 7,728 shares of the retailer’s stock worth $6,851,000 after acquiring an additional 316 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on COST shares. Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Stifel Nicolaus increased their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. TD Cowen increased their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Truist Financial lifted their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Up 1.1 %

NASDAQ COST opened at $1,076.86 on Friday. The stock’s 50-day simple moving average is $966.02 and its two-hundred day simple moving average is $919.48. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $478.02 billion, a price-to-earnings ratio of 63.23, a PEG ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently announced 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. This represents a $4.64 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. 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.