Global Retirement Partners LLC cut its holdings in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,163 shares of the retailer's stock after selling 393 shares during the quarter. Global Retirement Partners LLC's holdings in Costco Wholesale were worth $13,894,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of COST. Geode Capital Management LLC lifted its holdings in shares of Costco Wholesale by 1.7% in the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer's stock valued at $8,380,648,000 after purchasing an additional 162,191 shares in the last quarter. FMR LLC lifted its holdings in shares of 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 in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Costco Wholesale by 113,947.9% during 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 buying an additional 7,364,453 shares during the period. Jennison Associates LLC increased its position in shares of 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 acquiring an additional 125,444 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 acquiring an additional 70,561 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.
Costco Wholesale Stock Performance
Shares of Costco Wholesale stock traded up $0.20 during trading hours on Friday, reaching $1,035.03. The company's stock had a trading volume of 1,815,187 shares, compared to its average volume of 1,906,306. The company's 50 day simple moving average is $975.61 and its 200 day simple moving average is $930.59. 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 Co. has a one year low of $697.27 and a one year high of $1,078.23. The stock has a market cap of $459.45 billion, a P/E ratio of 60.78, a price-to-earnings-growth ratio of 6.32 and a beta of 0.84.
Costco Wholesale Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. Costco Wholesale's payout ratio is currently 27.25%.
Wall Street Analyst Weigh In
COST has been the subject of several recent research reports. Roth Mkm increased their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Barclays increased their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an "equal weight" rating in a research report on Friday, December 13th. Citigroup increased their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Wells Fargo & Company increased their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an "equal weight" rating in a research report on Friday, December 13th. Finally, Truist Financial upped their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a "hold" rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale presently has an average rating of "Moderate Buy" and a consensus price target of $1,021.93.
Get Our Latest Analysis on COST
Costco Wholesale Company 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.
Further Reading
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