Trilogy Capital Inc. Acquires 21 Shares of Costco Wholesale Co. (NASDAQ:COST)

Trilogy Capital Inc. raised its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 787 shares of the retailer’s stock after purchasing an additional 21 shares during the period. Trilogy Capital Inc.’s holdings in Costco Wholesale were worth $721,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in COST. AMF Tjanstepension AB bought a new position in shares of Costco Wholesale during the third quarter worth approximately $42,896,000. Gunderson Capital Management Inc. boosted its position in shares of Costco Wholesale by 47.0% during the 3rd quarter. Gunderson Capital Management Inc. now owns 435 shares of the retailer’s stock worth $385,000 after acquiring an additional 139 shares in the last quarter. CWM LLC boosted its position in shares of Costco Wholesale by 6.1% during the 3rd quarter. CWM LLC now owns 54,764 shares of the retailer’s stock worth $48,550,000 after acquiring an additional 3,151 shares in the last quarter. Wedmont Private Capital boosted its position in shares of Costco Wholesale by 9.1% during the 3rd quarter. Wedmont Private Capital now owns 5,152 shares of the retailer’s stock worth $4,501,000 after acquiring an additional 429 shares in the last quarter. Finally, Clarus Wealth Advisors boosted its position in shares of Costco Wholesale by 3.2% during the 3rd quarter. Clarus Wealth Advisors now owns 836 shares of the retailer’s stock worth $730,000 after acquiring an additional 26 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on COST. Wells Fargo & Company increased their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Loop Capital increased their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Tigress Financial restated a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research report on Thursday, October 17th. Truist Financial raised their target price 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, Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $1,050.99 on Friday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,063.00. The firm has a fifty day simple moving average of $958.04 and a 200 day simple moving average of $911.67. The company has a market capitalization of $466.53 billion, a PE ratio of 61.71, a P/E/G ratio of 5.84 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio 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.