Marietta Wealth Management LLC Has $13.13 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Marietta Wealth Management LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,330 shares of the retailer’s stock after buying an additional 217 shares during the quarter. Costco Wholesale comprises 1.9% of Marietta Wealth Management LLC’s investment portfolio, making the stock its 15th largest position. Marietta Wealth Management LLC’s holdings in Costco Wholesale were worth $13,130,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale during the 3rd quarter valued at $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter worth $33,000. FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at about $41,000. Retirement Wealth Solutions LLC bought a new position in shares of Costco Wholesale during the fourth quarter valued at about $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Costco Wholesale during the third quarter worth about $58,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the subject of several analyst reports. Loop Capital increased their price objective on shares of 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. Stifel Nicolaus lifted their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. DA Davidson boosted their price objective on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Truist Financial raised their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, UBS Group boosted their price target 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. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $979.88 on Monday. Costco Wholesale Co. has a 12 month low of $691.50 and a 12 month high of $1,008.25. 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 market cap of $434.97 billion, a P/E ratio of 57.54, a P/E/G ratio of 5.75 and a beta of 0.84. The company has a 50 day moving average of $954.51 and a 200 day moving average of $907.85.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Costco Wholesale 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.