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

Nilsine Partners LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,641 shares of the retailer's stock after buying an additional 347 shares during the period. Costco Wholesale makes up approximately 1.3% of Nilsine Partners LLC's investment portfolio, making the stock its 14th largest holding. Nilsine Partners LLC's holdings in Costco Wholesale were worth $12,499,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $33,000. Retirement Wealth Solutions LLC acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale in the third quarter valued at approximately $58,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $58,000. Hedge funds and other institutional investors own 68.48% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on COST shares. Loop Capital boosted their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a "buy" rating in a report on Friday, December 13th. Sanford C. Bernstein initiated coverage on Costco Wholesale in a report on Tuesday, October 22nd. They issued an "outperform" rating and a $1,016.00 target price for the company. Truist Financial increased their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a "hold" rating in a report on Friday, December 13th. UBS Group increased their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Finally, Raymond James increased 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. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,013.59.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST traded up $0.87 during trading on Friday, reaching $979.88. The company had a trading volume of 1,872,586 shares, compared to its average volume of 1,738,140. The firm has a market capitalization of $434.97 billion, a price-to-earnings ratio of 57.54, a price-to-earnings-growth ratio of 5.75 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. The stock's fifty day moving average price is $954.51 and its 200 day moving average price is $907.45. Costco Wholesale Co. has a fifty-two week low of $691.50 and a fifty-two week high of $1,008.25.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Friday, February 7th. Costco Wholesale's dividend payout ratio is presently 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.