Metis Global Partners LLC Boosts Position in Costco Wholesale Co. (NASDAQ:COST)

Metis Global Partners LLC lifted its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,955 shares of the retailer's stock after buying an additional 398 shares during the period. Costco Wholesale makes up approximately 0.6% of Metis Global Partners LLC's investment portfolio, making the stock its 23rd biggest position. Metis Global Partners LLC's holdings in Costco Wholesale were worth $20,117,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cromwell Holdings LLC grew its position in shares of Costco Wholesale by 0.9% in the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer's stock worth $1,048,000 after buying an additional 10 shares during the last quarter. 44 Wealth Management LLC grew its position in shares of Costco Wholesale by 0.3% in the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer's stock worth $3,196,000 after buying an additional 10 shares during the last quarter. SRN Advisors LLC grew its position in shares of Costco Wholesale by 0.3% in the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer's stock worth $2,823,000 after buying an additional 10 shares during the last quarter. Sculati Wealth Management LLC grew its position in shares of Costco Wholesale by 0.3% in the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer's stock worth $3,235,000 after buying an additional 11 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its position in shares of Costco Wholesale by 0.3% in the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer's stock worth $3,398,000 after buying an additional 11 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on COST shares. Citigroup lifted their price objective 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. Jefferies Financial Group lifted their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Wells Fargo & Company lifted their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Friday, December 13th. Raymond James lifted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. Finally, TD Cowen lifted their price target 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. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, Costco Wholesale has an average rating of "Moderate Buy" and an average price target of $1,021.93.

Costco Wholesale Stock Down 0.2 %

Shares of COST stock traded down $1.76 during mid-day trading on Monday, hitting $1,046.85. The company's stock had a trading volume of 2,417,143 shares, compared to its average volume of 1,825,894. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.24. The business has a 50-day moving average price of $984.45 and a 200 day moving average price of $939.83. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market cap of $464.70 billion, a price-to-earnings ratio of 61.47, a PEG ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale's dividend payout ratio is currently 27.25%.

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.