Edge Capital Group LLC Purchases 13,478 Shares of Costco Wholesale Co. (NASDAQ:COST)

Edge Capital Group LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 752.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,269 shares of the retailer's stock after buying an additional 13,478 shares during the quarter. Edge Capital Group LLC's holdings in Costco Wholesale were worth $13,991,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in Costco Wholesale by 1.7% in 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 in the last quarter. FMR LLC raised its position in shares of Costco Wholesale by 3.6% during the third 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. Jennison Associates LLC lifted its holdings in shares of Costco Wholesale by 3.8% in the 3rd quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer's stock worth $3,013,394,000 after purchasing an additional 125,444 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of 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 purchasing an additional 70,561 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Costco Wholesale by 2.7% in the 3rd quarter. Fisher Asset Management LLC now owns 3,034,491 shares of the retailer's stock valued at $2,690,138,000 after purchasing an additional 78,590 shares during the period. Institutional investors and hedge funds own 68.48% of the company's stock.

Costco Wholesale Stock Performance

Shares of NASDAQ COST traded up $0.57 during trading on Monday, reaching $1,035.60. 1,756,514 shares of the stock traded hands, compared to its average volume of 1,902,101. 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 stock has a market capitalization of $459.70 billion, a P/E ratio of 60.81, a price-to-earnings-growth 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 $1,078.23. The company has a 50-day moving average of $975.61 and a 200-day moving average of $932.24.

Costco Wholesale Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. Costco Wholesale's dividend payout ratio is presently 27.25%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on COST shares. Truist Financial upped their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a "hold" rating in a report on Friday, December 13th. Morgan Stanley raised their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Friday, December 13th. Wells Fargo & Company boosted their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an "equal weight" rating in a report on Friday, December 13th. BMO Capital Markets raised their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Finally, Oppenheimer reiterated an "outperform" rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,021.93.

Costco Wholesale 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.