Impact Partnership Wealth LLC Makes New Investment in Costco Wholesale Co. (NASDAQ:COST)

Impact Partnership Wealth LLC purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 282 shares of the retailer’s stock, valued at approximately $258,000.

A number of other large investors have also recently bought and sold shares of COST. International Assets Investment Management LLC boosted its position in shares of Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after purchasing an additional 7,364,453 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Costco Wholesale by 55.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after purchasing an additional 382,367 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in shares of Costco Wholesale by 75,894.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock worth $300,473,000 after purchasing an additional 338,489 shares in the last quarter. FMR LLC boosted its position in shares of Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after purchasing an additional 324,973 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Costco Wholesale by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after acquiring an additional 162,191 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on COST. TD Cowen raised their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. UBS Group raised their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Roth Mkm lifted their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective for the company. Finally, Morgan Stanley raised their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $939.68 on Friday. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company’s 50-day moving average is $951.57 and its 200 day moving average is $903.72. The stock has a market capitalization of $417.12 billion, a P/E ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.