Twin Peaks Wealth Advisors LLC Buys 22 Shares of Costco Wholesale Co. (NASDAQ:COST)

Twin Peaks Wealth Advisors LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 462 shares of the retailer’s stock after acquiring an additional 22 shares during the period. Twin Peaks Wealth Advisors LLC’s holdings in Costco Wholesale were worth $423,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in Costco Wholesale by 1.7% in the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after acquiring an additional 162,191 shares in the last quarter. FMR LLC boosted its holdings in Costco Wholesale by 3.6% in the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after acquiring an additional 324,973 shares in the last quarter. Jennison Associates LLC boosted its holdings in Costco Wholesale by 3.8% in the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock valued at $3,013,394,000 after acquiring an additional 125,444 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Costco Wholesale by 2.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,075,065 shares of the retailer’s stock valued at $2,726,107,000 after acquiring an additional 70,561 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Costco Wholesale by 2.7% in the third quarter. Fisher Asset Management LLC now owns 3,034,491 shares of the retailer’s stock valued at $2,690,138,000 after acquiring an additional 78,590 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on COST. Evercore ISI restated a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. Roth Mkm boosted their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Raymond James boosted their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Robert W. Baird boosted their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Morgan Stanley boosted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock 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 $1,035.60 on Tuesday. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. The business has a 50-day simple moving average of $976.47 and a two-hundred day simple moving average of $933.62. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The firm has a market cap of $459.70 billion, a price-to-earnings ratio of 60.81, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 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.