Commonwealth Equity Services LLC Acquires 5,051 Shares of Costco Wholesale Co. (NASDAQ:COST)

Commonwealth Equity Services LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 406,755 shares of the retailer's stock after acquiring an additional 5,051 shares during the quarter. Costco Wholesale comprises 0.5% of Commonwealth Equity Services LLC's holdings, making the stock its 25th largest holding. Commonwealth Equity Services LLC owned 0.09% of Costco Wholesale worth $372,697,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of COST. Geode Capital Management LLC boosted its holdings in shares of Costco Wholesale by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer's stock worth $8,380,648,000 after buying an additional 162,191 shares during the last quarter. FMR LLC lifted its stake 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 purchasing an additional 324,973 shares during the last quarter. Jennison Associates LLC increased its position in Costco Wholesale by 3.8% in the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer's stock worth $3,013,394,000 after buying an additional 125,444 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Costco Wholesale by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 3,077,905 shares of the retailer's stock valued at $2,820,193,000 after buying an additional 43,414 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 worth $2,726,107,000 after purchasing an additional 70,561 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on COST. Evercore ISI upped their price target on Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an "outperform" rating in a research report on Tuesday. TD Cowen raised their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a "buy" rating in a report on Friday, December 13th. Cowen reaffirmed a "buy" rating on shares of Costco Wholesale in a report on Friday, March 7th. Sanford C. Bernstein restated an "outperform" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Finally, Roth Mkm raised their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,030.43.

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Costco Wholesale Stock Down 0.4 %

Shares of NASDAQ COST opened at $927.08 on Thursday. The company has a 50-day moving average of $990.44 and a 200 day moving average of $944.52. The stock has a market cap of $411.53 billion, a PE ratio of 54.44, a P/E/G ratio of 6.15 and a beta of 0.81. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The business had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. As a group, sell-side analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Friday, February 7th. Costco Wholesale's dividend payout ratio is presently 27.09%.

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.

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