Prosperitas Financial LLC Raises Position in Costco Wholesale Co. (NASDAQ:COST)

Prosperitas Financial LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 4.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,220 shares of the retailer’s stock after buying an additional 136 shares during the period. Costco Wholesale accounts for approximately 1.5% of Prosperitas Financial LLC’s portfolio, making the stock its 22nd largest holding. Prosperitas Financial LLC’s holdings in Costco Wholesale were worth $2,951,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the third quarter valued at $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the fourth quarter valued at $33,000. Collier Financial bought a new position in Costco Wholesale in the fourth quarter valued at $35,000. Barrett & Company Inc. increased its stake in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC bought a new position in Costco Wholesale in the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on COST. Roth Mkm increased their target price on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Citigroup increased their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Loop Capital raised their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Truist Financial raised their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Finally, UBS Group raised their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Down 1.0 %

COST opened at $1,021.71 on Friday. The firm has a 50-day simple moving average of $980.62 and a two-hundred day simple moving average of $936.31. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23. The company has a market capitalization of $453.54 billion, a PE ratio of 59.99, a price-to-earnings-growth ratio of 6.15 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

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.