Arizona State Retirement System lifted its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 128,775 shares of the retailer's stock after purchasing an additional 1,692 shares during the period. Costco Wholesale comprises about 0.7% of Arizona State Retirement System's holdings, making the stock its 17th largest holding. Arizona State Retirement System's holdings in Costco Wholesale were worth $117,993,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the third quarter worth about $29,000. Synergy Investment Management LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter worth about $31,000. NewSquare Capital LLC increased its position in shares of Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock worth $32,000 after purchasing an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter worth about $33,000. Finally, Collier Financial acquired a new stake in shares of Costco Wholesale during the fourth quarter worth about $35,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.
Costco Wholesale Price Performance
Shares of NASDAQ COST traded up $10.88 during trading on Wednesday, hitting $1,047.75. The company had a trading volume of 1,896,493 shares, compared to its average volume of 1,833,593. The company has a market cap of $465.10 billion, a P/E ratio of 61.52, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24. The business's 50-day moving average is $987.79 and its 200 day moving average is $941.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.
Costco Wholesale Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date was Friday, February 7th. Costco Wholesale's payout ratio is 27.25%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on COST shares. BMO Capital Markets boosted their price target on 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. Robert W. Baird increased their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Loop Capital increased their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a "buy" rating in a report on Friday, December 13th. Telsey Advisory Group restated an "outperform" rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday. Finally, Evercore ISI reaffirmed a "hold" rating on shares of Costco Wholesale in a research report on Friday, February 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of "Moderate Buy" and an average price target of $1,021.93.
Get Our Latest Stock Report on COST
Costco Wholesale Profile
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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.
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