Emerald Advisors LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 643,510 shares of the retailer's stock after acquiring an additional 16,559 shares during the quarter. Costco Wholesale comprises 81.3% of Emerald Advisors LLC's investment portfolio, making the stock its largest position. Emerald Advisors LLC owned about 0.14% of Costco Wholesale worth $589,629,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of COST. Geode Capital Management LLC raised its holdings in shares of Costco Wholesale by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer's stock valued at $8,380,648,000 after buying an additional 162,191 shares in the last quarter. FMR LLC raised its holdings 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 valued at $8,252,274,000 after buying an additional 324,973 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer's stock valued at $6,534,464,000 after buying an additional 7,364,453 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Costco Wholesale by 3.8% during the 3rd quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer's stock valued at $3,013,394,000 after buying an additional 125,444 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Costco Wholesale by 2.3% during 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 valued at $2,726,107,000 after buying an additional 70,561 shares in the last quarter. Institutional investors own 68.48% of the company's stock.
Wall Street Analyst Weigh In
COST has been the topic of a number of research reports. Evercore ISI raised their price objective on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Telsey Advisory Group reissued an "outperform" rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday, February 3rd. Morgan Stanley lifted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Stifel Nicolaus lifted 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. Finally, DA Davidson lifted their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a "neutral" rating in a research report on Thursday, February 6th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,021.93.
Read Our Latest Stock Analysis on Costco Wholesale
Costco Wholesale Stock Performance
Costco Wholesale stock traded down $2.00 during mid-day trading on Friday, reaching $1,032.83. 1,111,663 shares of the stock traded hands, compared to its average volume of 1,883,502. The stock has a market capitalization of $458.47 billion, a PE ratio of 60.66, a price-to-earnings-growth ratio of 6.32 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. The business's 50-day moving average is $974.70 and its 200-day moving average is $928.97.
Costco Wholesale Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Friday, February 7th. Costco Wholesale's dividend payout ratio (DPR) is presently 27.25%.
About Costco Wholesale
(
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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