Quantum Financial Planning Services Inc. Takes Position in Costco Wholesale Co. (NASDAQ:COST)
Quantum Financial Planning Services Inc. acquired 2,181 shares of Costco Wholesale Co. (NASDAQ:COST) valued at approximately $1.998 million, making it the 7th largest holding in their portfolio. Other institutional investors, including Geode Capital Management and FMR LLC, also increased their positions in Costco. The stock opened at $979.88, with a market cap of $434.97 billion. Costco announced a quarterly dividend of $1.16, payable on February 21st. Analysts have raised price targets for Costco, with a consensus target of $1,013.59 and a rating of "Moderate Buy."
Quantum Financial Planning Services Inc. acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,181 shares of the retailer's stock, valued at approximately $1,998,000. Costco Wholesale makes up about 1.1% of Quantum Financial Planning Services Inc.'s portfolio, making the stock its 7th largest holding.
Get Costco Wholesale alerts:
- Penny Stock BranchOut Food: Why It Won’t Stay Cheap for Long
Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Costco Wholesale by 1.7% in the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer's stock worth $8,380,648,000 after purchasing an additional 162,191 shares in the last quarter. FMR LLC lifted its position in Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer's stock worth $8,252,274,000 after buying an additional 324,973 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer's stock worth $6,534,464,000 after buying an additional 7,364,453 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Costco Wholesale by 3.8% in the 3rd 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of 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 during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.
Costco Wholesale Trading Up 0.1 %
Shares of Costco Wholesale stock opened at $979.88 on Friday. 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 Co. has a 12-month low of $691.50 and a 12-month high of $1,008.25. The company has a market capitalization of $434.97 billion, a price-to-earnings ratio of 57.54, a PEG ratio of 5.75 and a beta of 0.84. The firm's 50-day moving average price is $954.51 and its two-hundred day moving average price is $907.45.
Costco Wholesale Announces Dividend
- 3 Retail Stocks That Will Ring the Register in 2025
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.47%. Costco Wholesale's dividend payout ratio (DPR) is 27.25%.
Analysts Set New Price Targets
A number of research analysts have weighed in on COST shares. Stifel Nicolaus raised their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Roth Mkm boosted their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a "neutral" rating in a 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 company a "buy" rating in a research note on Friday, December 13th. Barclays boosted their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an "equal weight" rating in a research note on Friday, December 13th. Finally, TD Cowen raised their target price 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. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,013.59.
- 3 Defensive Picks to Add Stability to Your Portfolio
View Our Latest Analysis on Costco Wholesale
Costco Wholesale Company Profile
(Free Report)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.
Read More
- Five stocks we like better than Costco Wholesale
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains
- Find and Profitably Trade Stocks at 52-Week Lows
- Microsoft and Meta's AI Investment Plans Are Full Steam Ahead
- Breakout Stocks: What They Are and How to Identify Them
- Beyond Self-Driving Cars: Factory Automation Takes Center Stage
Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Costco Wholesale Right Now?
Before you consider Costco Wholesale, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Costco Wholesale wasn't on the list.
While Costco Wholesale currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
