Allied Investment Advisors LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 42.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,697 shares of the retailer's stock after buying an additional 508 shares during the period. Allied Investment Advisors LLC's holdings in Costco Wholesale were worth $1,555,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. AMF Tjanstepension AB bought a new stake in shares of Costco Wholesale in the third quarter valued at about $42,896,000. Swedbank AB raised its stake in Costco Wholesale by 1.5% in the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer's stock worth $393,391,000 after purchasing an additional 6,495 shares in the last quarter. Trilogy Capital Inc. boosted its holdings in Costco Wholesale by 2.7% in the 3rd quarter. Trilogy Capital Inc. now owns 766 shares of the retailer's stock valued at $679,000 after purchasing an additional 20 shares during the period. Castleview Partners LLC grew its position in shares of Costco Wholesale by 4.8% during the 3rd quarter. Castleview Partners LLC now owns 545 shares of the retailer's stock worth $483,000 after purchasing an additional 25 shares in the last quarter. Finally, Everence Capital Management Inc. increased its holdings in shares of Costco Wholesale by 10.7% during the third quarter. Everence Capital Management Inc. now owns 10,323 shares of the retailer's stock worth $9,152,000 after purchasing an additional 1,000 shares during the period. 68.48% of the stock is owned by institutional investors.
Costco Wholesale Trading Up 0.0 %
Shares of COST stock traded up $0.20 on Friday, hitting $1,035.03. The company had a trading volume of 1,815,187 shares, compared to its average volume of 1,906,306. The stock's 50-day moving average is $974.70 and its two-hundred day moving average is $928.97. 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 $459.45 billion, a P/E ratio of 60.78, a P/E/G ratio of 6.32 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23.
Costco Wholesale Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.45%. Costco Wholesale's payout ratio is 27.25%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. UBS Group boosted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Wells Fargo & Company upped their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Friday, December 13th. Morgan Stanley raised their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. Stifel Nicolaus upped their price objective on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Finally, Robert W. Baird raised 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. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of "Moderate Buy" and an average price target of $1,021.93.
View Our Latest Report on COST
About Costco Wholesale
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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.
Further Reading
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