RW Investment Management LLC Raises Stock Position in Costco Wholesale Co. (NASDAQ:COST)

RW Investment Management LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 21.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,624 shares of the retailer's stock after purchasing an additional 989 shares during the quarter. Costco Wholesale accounts for about 0.6% of RW Investment Management LLC's holdings, making the stock its 13th biggest holding. RW Investment Management LLC's holdings in Costco Wholesale were worth $5,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of COST. International Assets Investment Management LLC boosted its stake in Costco Wholesale by 113,947.9% in the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer's stock worth $6,534,464,000 after buying an additional 7,364,453 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in shares of Costco Wholesale by 100,422.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer's stock worth $729,476,000 after acquiring an additional 795,345 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Costco Wholesale by 55.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer's stock worth $979,284,000 after acquiring an additional 382,367 shares during the last quarter. Pathway Financial Advisers LLC boosted its stake in shares of Costco Wholesale by 75,894.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer's stock valued at $300,473,000 after purchasing an additional 338,489 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Costco Wholesale by 3.6% during the 3rd 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 during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Up 0.0 %

Shares of Costco Wholesale stock traded up $0.20 during midday trading on Friday, hitting $1,035.03. The company had a trading volume of 1,815,187 shares, compared to its average volume of 1,836,362. 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 capitalization of $459.45 billion, a P/E ratio of 60.78, a P/E/G ratio of 6.15 and a beta of 0.84. The company has a 50 day moving average of $975.61 and a 200 day moving average of $931.39. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.23.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.45%. Costco Wholesale's dividend payout ratio is 27.25%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on COST. Citigroup boosted their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. Evercore ISI reissued a "hold" rating on shares of Costco Wholesale in a research note on Friday, February 14th. DA Davidson increased their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a report on Thursday, February 6th. Stifel Nicolaus lifted their price target on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,021.93.

Costco Wholesale Company 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.