RAM Investment Partners LLC Increases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

RAM Investment Partners LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,470 shares of the retailer’s stock after acquiring an additional 504 shares during the quarter. Costco Wholesale makes up about 1.9% of RAM Investment Partners LLC’s portfolio, making the stock its 10th biggest position. RAM Investment Partners LLC’s holdings in Costco Wholesale were worth $7,761,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Angeles Wealth Management LLC lifted its position in Costco Wholesale by 8.6% during the 4th quarter. Angeles Wealth Management LLC now owns 9,687 shares of the retailer’s stock worth $8,876,000 after acquiring an additional 769 shares during the period. V2 Financial group LLC increased its stake in shares of Costco Wholesale by 1.8% in the 4th quarter. V2 Financial group LLC now owns 662 shares of the retailer’s stock valued at $607,000 after purchasing an additional 12 shares in the last quarter. Wealthstar Advisors LLC purchased a new position in shares of Costco Wholesale in the 4th quarter valued at about $348,000. Stiles Financial Services Inc increased its stake in shares of Costco Wholesale by 0.5% in the 4th quarter. Stiles Financial Services Inc now owns 8,398 shares of the retailer’s stock valued at $7,703,000 after purchasing an additional 40 shares in the last quarter. Finally, Martin Capital Advisors LLP increased its stake in Costco Wholesale by 6.6% during the 4th quarter. Martin Capital Advisors LLP now owns 4,726 shares of the retailer’s stock worth $4,330,000 after buying an additional 291 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST opened at $1,061.92 on Tuesday. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,063.00. The company has a market capitalization of $471.39 billion, a price-to-earnings ratio of 62.36, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. The firm has a 50-day simple moving average of $961.27 and a 200-day simple moving average of $915.02. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

Several research firms have commented on COST. Morgan Stanley boosted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Truist Financial upped their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. TD Cowen boosted their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Stifel Nicolaus boosted their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, Evercore ISI upped their price objective on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

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.