Kestra Investment Management LLC Acquires 116 Shares of Costco Wholesale Co. (NASDAQ:COST)

Kestra Investment Management LLC grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 16.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 804 shares of the retailer’s stock after acquiring an additional 116 shares during the period. Kestra Investment Management LLC’s holdings in Costco Wholesale were worth $737,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. GAM Holding AG grew its position in Costco Wholesale by 16.5% in the fourth quarter. GAM Holding AG now owns 15,658 shares of the retailer’s stock worth $14,347,000 after acquiring an additional 2,216 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 2.6% during the 4th quarter. Venturi Wealth Management LLC now owns 3,584 shares of the retailer’s stock worth $3,284,000 after buying an additional 91 shares during the period. Fortis Group Advisors LLC boosted its holdings in shares of Costco Wholesale by 3.8% during the 4th quarter. Fortis Group Advisors LLC now owns 4,701 shares of the retailer’s stock worth $4,308,000 after buying an additional 174 shares during the period. Empower Advisory Group LLC boosted its holdings in shares of Costco Wholesale by 4.8% during the 4th quarter. Empower Advisory Group LLC now owns 176,765 shares of the retailer’s stock worth $161,964,000 after buying an additional 8,124 shares during the period. Finally, Wealth Quarterback LLC boosted its holdings in shares of Costco Wholesale by 10.0% during the 4th quarter. Wealth Quarterback LLC now owns 2,187 shares of the retailer’s stock worth $2,004,000 after buying an additional 198 shares during the period. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Down 1.5 %

COST opened at $1,056.03 on Wednesday. The firm’s 50-day simple moving average is $972.43 and its 200-day simple moving average is $927.29. 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 twelve month low of $697.27 and a twelve month high of $1,078.23. The firm has a market cap of $468.77 billion, a price-to-earnings ratio of 62.01, a PEG ratio of 6.26 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.16 dividend. 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 payout ratio is 27.25%.

Analysts Set New Price Targets

COST has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday, February 3rd. Loop Capital upped their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. TD Cowen upped their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company upped their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Costco Wholesale 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.