OLD National Bancorp IN Purchases 597 Shares of Costco Wholesale Co. (NASDAQ:COST)

OLD National Bancorp IN boosted its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,000 shares of the retailer's stock after acquiring an additional 597 shares during the period. OLD National Bancorp IN's holdings in Costco Wholesale were worth $22,907,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Costco Wholesale by 1.7% during the 3rd 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 during the period. FMR LLC increased its stake 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 valued at $8,252,274,000 after buying an additional 324,973 shares during the period. International Assets Investment Management LLC raised its holdings 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 acquiring an additional 7,364,453 shares in the last quarter. Jennison Associates LLC lifted its stake in 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 during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in 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 valued at $2,726,107,000 after acquiring an additional 70,561 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on COST shares. Evercore ISI lifted their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. DA Davidson upped their target price on Costco Wholesale from $880.00 to $900.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Sanford C. Bernstein started coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They issued an "outperform" rating and a $1,016.00 target price for the company. TD Cowen upped their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Finally, Raymond James raised their price objective 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 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 stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,013.59.

Costco Wholesale Stock Up 0.1 %

COST opened at $979.88 on Friday. Costco Wholesale Co. has a twelve month low of $691.50 and a twelve month high of $1,008.25. 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 firm has a 50 day moving average price of $954.19 and a 200-day moving average price of $906.54. The stock has a market capitalization of $434.97 billion, a price-to-earnings ratio of 57.54, a PEG ratio of 5.75 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. Costco Wholesale's dividend payout ratio (DPR) is currently 27.25%.

About Costco Wholesale

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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