Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Clarity Wealth Advisors LLC

Clarity Wealth Advisors LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 1.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,442 shares of the retailer’s stock after buying an additional 115 shares during the period. Costco Wholesale makes up 2.9% of Clarity Wealth Advisors LLC’s portfolio, making the stock its 10th largest position. Clarity Wealth Advisors LLC’s holdings in Costco Wholesale were worth $10,484,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the third quarter worth $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale in the 4th quarter valued at $33,000. Barrett & Company Inc. lifted its stake in Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares during the last quarter. FSC Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at about $41,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Costco Wholesale in the 4th quarter valued at approximately $55,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.7 %

COST stock opened at $1,043.81 on Friday. The firm has a market cap of $463.35 billion, a PE ratio of 61.29, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,063.00. The business has a 50 day moving average of $961.27 and a 200 day moving average of $914.00.

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 given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Analyst Upgrades and Downgrades

COST has been the topic of several analyst reports. TD Cowen upped their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Raymond James lifted their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Robert W. Baird raised their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Oppenheimer reissued an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,021.93.

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.