tru Independence LLC Invests $370,000 in Costco Wholesale Co. (NASDAQ:COST)

tru Independence LLC purchased a new stake in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 404 shares of the retailer’s stock, valued at approximately $370,000.

A number of other hedge funds have also bought and sold shares of the business. Truist Financial Corp grew its holdings in shares of Costco Wholesale by 1.1% during the 2nd quarter. Truist Financial Corp now owns 316,993 shares of the retailer’s stock worth $269,441,000 after purchasing an additional 3,526 shares in the last quarter. IMS Capital Management grew its stake in Costco Wholesale by 7.1% during the second quarter. IMS Capital Management now owns 3,794 shares of the retailer’s stock worth $3,324,000 after buying an additional 252 shares in the last quarter. Ted Buchan & Co bought a new position in Costco Wholesale in the 2nd quarter valued at about $2,677,000. 3Chopt Investment Partners LLC bought a new position in Costco Wholesale in the second quarter valued at approximately $446,000. Finally, Aldebaran Financial Inc. bought a new stake in Costco Wholesale during the second quarter worth $212,000. 68.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

COST has been the subject of several recent analyst reports. Citigroup upped their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. TD Cowen raised their price target 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. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Thursday, January 9th. Finally, BMO Capital Markets boosted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Performance

COST stock opened at $958.67 on Wednesday. The firm has a market cap of $425.55 billion, a PE ratio of 56.29, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. 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 50-day moving average price of $952.49 and a 200-day moving average price of $904.81. Costco Wholesale Co. has a 1-year low of $686.26 and a 1-year high of $1,008.25.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.48%. The ex-dividend date is 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.