Lantz Financial LLC Purchases 11 Shares of Costco Wholesale Co. (NASDAQ:COST)

Lantz Financial LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 645 shares of the retailer’s stock after acquiring an additional 11 shares during the quarter. Lantz Financial LLC’s holdings in Costco Wholesale were worth $591,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of COST. Linden Thomas Advisory Services LLC lifted its holdings in shares of Costco Wholesale by 16.3% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 2,835 shares of the retailer’s stock valued at $2,598,000 after purchasing an additional 397 shares during the last quarter. Cyndeo Wealth Partners LLC lifted its holdings in shares of Costco Wholesale by 18.7% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 5,177 shares of the retailer’s stock valued at $4,744,000 after purchasing an additional 816 shares during the last quarter. Accel Wealth Management lifted its holdings in shares of Costco Wholesale by 1.8% during the fourth quarter. Accel Wealth Management now owns 695 shares of the retailer’s stock valued at $637,000 after purchasing an additional 12 shares during the last quarter. DGS Capital Management LLC lifted its holdings in shares of Costco Wholesale by 2.5% during the fourth quarter. DGS Capital Management LLC now owns 775 shares of the retailer’s stock valued at $710,000 after purchasing an additional 19 shares during the last quarter. Finally, Bennett Selby Investments LP lifted its holdings in shares of Costco Wholesale by 2.8% during the fourth quarter. Bennett Selby Investments LP now owns 944 shares of the retailer’s stock valued at $865,000 after purchasing an additional 26 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Down 0.3 %

Shares of NASDAQ COST opened at $939.68 on Friday. The firm’s 50-day moving average price is $951.57 and its 200-day moving average price is $903.72. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $417.12 billion, a price-to-earnings ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is 27.25%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on COST shares. Tigress Financial reiterated a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. TD Cowen boosted their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Barclays boosted their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Wells Fargo & Company boosted their price objective 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. Finally, Oppenheimer reissued an “outperform” rating and set a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

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.