Ieq Capital LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,945 shares of the retailer's stock after buying an additional 1,679 shares during the quarter. Costco Wholesale makes up about 0.6% of Ieq Capital LLC's investment portfolio, making the stock its 27th largest holding. Ieq Capital LLC's holdings in Costco Wholesale were worth $63,172,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COST. AMF Tjanstepension AB bought a new position in shares of Costco Wholesale in the third quarter worth about $42,896,000. Swedbank AB lifted its holdings in shares of Costco Wholesale by 1.5% in the third quarter. Swedbank AB now owns 443,747 shares of the retailer's stock worth $393,391,000 after buying an additional 6,495 shares in the last quarter. Raleigh Capital Management Inc. boosted its position in shares of Costco Wholesale by 9.4% during the third quarter. Raleigh Capital Management Inc. now owns 406 shares of the retailer's stock worth $360,000 after acquiring an additional 35 shares during the last quarter. Calton & Associates Inc. purchased a new position in Costco Wholesale during the third quarter valued at $211,000. Finally, Harbor Advisory Corp MA bought a new stake in Costco Wholesale in the 3rd quarter valued at $242,000. 68.48% of the stock is owned by hedge funds and other institutional investors.
Costco Wholesale Stock Down 0.2 %
Shares of NASDAQ COST traded down $2.00 during trading hours on Friday, hitting $1,032.83. 1,111,663 shares of the stock were exchanged, compared to its average volume of 1,883,502. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market cap of $458.47 billion, a PE ratio of 60.66, a PEG ratio of 6.32 and a beta of 0.84. The firm has a fifty day moving average price of $974.70 and a 200-day moving average price of $928.97. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.23.
Costco Wholesale Announces Dividend
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 paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. Costco Wholesale's dividend payout ratio (DPR) is presently 27.25%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on COST. TD Cowen raised their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a "buy" rating in a research report on Friday, December 13th. UBS Group increased their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Barclays boosted their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an "equal weight" rating in a report on Friday, December 13th. Morgan Stanley upped their target price 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. Finally, Citigroup lifted their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,021.93.
Get Our Latest Analysis on COST
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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