Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 36 shares of the retailer’s stock, valued at approximately $33,000.
A number of other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in shares of Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after buying an additional 32,074 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in Costco Wholesale by 62.8% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after acquiring an additional 932 shares during the period. Hudson Value Partners LLC grew its holdings in shares of Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after purchasing an additional 568 shares during the last quarter. Nwam LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $20,056,000. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $8,430,000. Institutional investors own 68.48% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on COST shares. Morgan Stanley upped their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Roth Mkm upped their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. DA Davidson upped their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.
Costco Wholesale Stock Down 0.3 %
Shares of Costco Wholesale stock opened at $942.16 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The firm has a market capitalization of $418.22 billion, a PE ratio of 55.32, a price-to-earnings-growth ratio of 5.65 and a beta of 0.84. The stock’s fifty day moving average is $950.56 and its 200-day moving average is $903.04.
Costco Wholesale Dividend Announcement
The company also recently disclosed 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. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. 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.
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