Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by AMJ Financial Wealth Management

AMJ Financial Wealth Management increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,536 shares of the retailer’s stock after acquiring an additional 270 shares during the quarter. Costco Wholesale makes up approximately 2.7% of AMJ Financial Wealth Management’s holdings, making the stock its 15th biggest holding. AMJ Financial Wealth Management’s holdings in Costco Wholesale were worth $9,654,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale during the 3rd quarter worth about $29,000. Synergy Investment Management LLC acquired a new position in Costco Wholesale during the fourth quarter worth approximately $31,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale during the fourth quarter worth approximately $33,000. Collier Financial acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $35,000. Finally, Barrett & Company Inc. grew its stake in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after buying an additional 16 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on COST shares. TD Cowen increased their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday. Citigroup increased their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Truist Financial lifted their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Down 0.2 %

NASDAQ:COST opened at $1,046.85 on Tuesday. The stock has a 50-day simple moving average of $984.45 and a 200 day simple moving average of $939.83. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.24. The company has a market capitalization of $464.70 billion, a price-to-earnings ratio of 61.47, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.16 dividend. 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 0.44%. Costco Wholesale’s dividend payout ratio (DPR) 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.