Swedbank AB Decreases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Swedbank AB lowered its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 6.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 416,925 shares of the retailer's stock after selling 26,822 shares during the period. Swedbank AB owned about 0.09% of Costco Wholesale worth $382,016,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC grew 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 worth $8,380,648,000 after acquiring an additional 162,191 shares during the last quarter. FMR LLC lifted its holdings 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 worth $8,252,274,000 after purchasing an additional 324,973 shares during the period. International Assets Investment Management LLC grew its stake in shares of 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 purchasing an additional 7,364,453 shares during the last quarter. Jennison Associates LLC increased its holdings in Costco Wholesale by 3.8% in the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer's stock valued at $3,013,394,000 after purchasing an additional 125,444 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Costco Wholesale by 2.3% during 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 worth $2,726,107,000 after purchasing an additional 70,561 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on COST. Truist Financial upped their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a "hold" rating in a research report on Friday, December 13th. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They set an "outperform" rating and a $1,016.00 target price for the company. Jefferies Financial Group raised their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Roth Mkm upped their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Finally, DA Davidson lifted their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,013.59.

Costco Wholesale Stock Up 1.6 %

Costco Wholesale stock opened at $979.01 on Friday. 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's fifty day moving average price is $954.19 and its two-hundred day moving average price is $906.54. The firm has a market capitalization of $434.58 billion, a price-to-earnings ratio of 57.49, a price-to-earnings-growth ratio of 5.75 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $691.50 and a 1-year high of $1,008.25.

Costco Wholesale Dividend Announcement

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