Triad Wealth Partners LLC Acquires New Holdings in Costco Wholesale Co. (NASDAQ:COST)

Triad Wealth Partners LLC purchased a new position in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 719 shares of the retailer’s stock, valued at approximately $659,000.

Other institutional investors also recently modified their holdings of the company. Cromwell Holdings LLC lifted its position in shares of Costco Wholesale by 0.9% in the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after acquiring an additional 10 shares in the last quarter. 44 Wealth Management LLC lifted its holdings in Costco Wholesale by 0.3% in the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock valued at $3,196,000 after purchasing an additional 10 shares in the last quarter. SRN Advisors LLC boosted its stake in Costco Wholesale by 0.3% during the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock worth $2,823,000 after purchasing an additional 10 shares during the last quarter. Sculati Wealth Management LLC raised its position in shares of Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after buying an additional 11 shares during the last quarter. Finally, Sivia Capital Partners LLC lifted its stake in shares of Costco Wholesale by 0.3% in the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after buying an additional 11 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on COST. Citigroup boosted their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Jefferies Financial Group raised their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Roth Mkm boosted their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Robert W. Baird increased their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company increased their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Trading Down 1.0 %

Shares of COST stock opened at $1,036.87 on Wednesday. The stock has a market cap of $460.27 billion, a P/E ratio of 60.88, a P/E/G 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 Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.24. The business has a fifty day simple moving average of $986.01 and a 200-day simple moving average of $941.00.

Costco Wholesale Dividend Announcement

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