RW Investment Management LLC Grows Stake in Costco Wholesale Co. (NASDAQ:COST)

RW Investment Management LLC boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 21.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,624 shares of the retailer's stock after buying an additional 989 shares during the period. Costco Wholesale makes up approximately 0.6% of RW Investment Management LLC's investment portfolio, making the stock its 13th largest position. RW Investment Management LLC's holdings in Costco Wholesale were worth $5,153,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Costco Wholesale by 1.7% in the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer's stock valued at $8,380,648,000 after buying an additional 162,191 shares in the last quarter. FMR LLC boosted its stake in shares of Costco Wholesale by 3.6% in 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 in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer's stock valued at $6,534,464,000 after purchasing an additional 7,364,453 shares during the last quarter. Jennison Associates LLC increased its position in Costco Wholesale by 3.8% during the 3rd quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer's stock worth $3,013,394,000 after purchasing an additional 125,444 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Costco Wholesale by 2.3% in the 3rd 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 purchasing an additional 70,561 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on COST shares. Wells Fargo & Company increased their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Friday, December 13th. Robert W. Baird increased their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Roth Mkm boosted their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Raymond James raised their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Finally, Loop Capital boosted their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,021.93.

Costco Wholesale Stock Up 0.0 %

Shares of COST traded up $0.20 on Friday, reaching $1,035.03. The company's stock had a trading volume of 1,800,629 shares, compared to its average volume of 1,886,853. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The stock has a market capitalization of $459.45 billion, a PE ratio of 60.78, a PEG ratio of 6.32 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a fifty day moving average of $974.70 and a 200-day moving average of $928.97.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. Costco Wholesale's dividend payout ratio is presently 27.25%.

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.