Quotient Wealth Partners LLC Buys 167 Shares of Costco Wholesale Co. (NASDAQ:COST)

Quotient Wealth Partners LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,241 shares of the retailer’s stock after buying an additional 167 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Costco Wholesale were worth $2,053,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of COST. Summit Wealth & Retirement Planning Inc. lifted its holdings in shares of Costco Wholesale by 16.9% in the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 527 shares of the retailer’s stock worth $483,000 after acquiring an additional 76 shares during the last quarter. Richard C. Young & CO. LTD. bought a new position in shares of Costco Wholesale during the 4th quarter worth $221,000. Investment Advisory Services Inc. TX ADV raised its holdings in shares of Costco Wholesale by 0.9% in the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,667 shares of the retailer’s stock valued at $2,443,000 after purchasing an additional 25 shares in the last quarter. Chaney Capital Management Inc. lifted its holdings in Costco Wholesale by 9.8% during the fourth quarter. Chaney Capital Management Inc. now owns 1,121 shares of the retailer’s stock worth $1,027,000 after buying an additional 100 shares during the period. Finally, Empowered Funds LLC grew its stake in Costco Wholesale by 1.9% in the fourth quarter. Empowered Funds LLC now owns 12,763 shares of the retailer’s stock valued at $11,694,000 after purchasing an additional 240 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on COST. BMO Capital Markets raised their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Barclays raised their price target on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Jefferies Financial Group increased 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 report on Thursday, December 5th. Oppenheimer reissued an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Finally, Citigroup raised their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Down 0.7 %

Shares of NASDAQ:COST opened at $1,043.81 on Monday. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,063.00. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $961.27 and a two-hundred day moving average of $914.43. The stock has a market cap of $463.35 billion, a P/E ratio of 61.29, a PEG ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s payout ratio is 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.