Endeavor Private Wealth Inc. Takes Position in Costco Wholesale Co. (NASDAQ:COST)

Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 36 shares of the retailer’s stock, valued at approximately $33,000.

Several other hedge funds have also recently bought and sold shares of COST. Renaissance Technologies LLC acquired a new position in shares of Costco Wholesale in the second quarter worth $4,202,000. Beck Bode LLC increased its position in Costco Wholesale by 1.7% in the 2nd quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock worth $13,563,000 after purchasing an additional 260 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Costco Wholesale by 7.5% during the 2nd quarter. AQR Capital Management LLC now owns 266,964 shares of the retailer’s stock worth $226,917,000 after purchasing an additional 18,628 shares in the last quarter. APG Asset Management N.V. lifted its holdings in shares of Costco Wholesale by 10.3% during the 2nd quarter. APG Asset Management N.V. now owns 726,332 shares of the retailer’s stock valued at $576,044,000 after buying an additional 67,616 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC bought a new stake in shares of Costco Wholesale in the 2nd quarter valued at approximately $264,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $942.16 on Friday. The firm has a market capitalization of $418.22 billion, a price-to-earnings ratio of 55.32, a PEG ratio of 5.65 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 business has a fifty day simple moving average of $950.56 and a 200 day simple moving average of $903.04. Costco Wholesale Co. has a one year low of $675.96 and a one 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 dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale’s dividend payout ratio is 27.25%.

Analyst Upgrades and Downgrades

COST has been the topic of several recent research reports. BMO Capital Markets raised their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Evercore ISI raised their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. Wells Fargo & Company raised their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Truist Financial upped their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.