Nations Financial Group Inc. IA ADV Has $11.91 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Nations Financial Group Inc. IA ADV trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,999 shares of the retailer's stock after selling 1,866 shares during the quarter. Costco Wholesale makes up 0.9% of Nations Financial Group Inc. IA ADV's portfolio, making the stock its 16th biggest holding. Nations Financial Group Inc. IA ADV's holdings in Costco Wholesale were worth $11,911,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Costco Wholesale by 1.7% during the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer's stock worth $8,380,648,000 after acquiring an additional 162,191 shares during the last quarter. FMR LLC lifted its stake in shares of 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 purchasing an additional 324,973 shares during the period. International Assets Investment Management LLC grew its position in shares of Costco Wholesale by 113,947.9% in the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer's stock valued at $6,534,464,000 after purchasing an additional 7,364,453 shares during the period. Jennison Associates LLC increased its stake in Costco Wholesale by 3.8% in the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer's stock valued at $3,013,394,000 after purchasing an additional 125,444 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Costco Wholesale by 2.3% in the 3rd 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 buying an additional 70,561 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.

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Costco Wholesale Stock Performance

NASDAQ COST traded up $6.51 on Wednesday, reaching $1,062.54. The stock had a trading volume of 1,346,846 shares, compared to its average volume of 1,906,059. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company has a market cap of $471.66 billion, a P/E ratio of 62.39, a price-to-earnings-growth ratio of 6.37 and a beta of 0.84. The firm has a fifty day moving average of $972.43 and a two-hundred day moving average of $927.29.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale's dividend payout ratio (DPR) is presently 27.25%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on COST. Morgan Stanley increased their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. UBS Group lifted their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Stifel Nicolaus upped their price target on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Telsey Advisory Group reiterated an "outperform" rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Monday, February 3rd. Finally, Raymond James lifted their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,021.93.

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.