Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 406.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,211 shares of the retailer’s stock after purchasing an additional 2,577 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in Costco Wholesale were worth $2,943,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. International Assets Investment Management LLC boosted its position in Costco Wholesale by 113,947.9% in 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 buying an additional 7,364,453 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Costco Wholesale by 55.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after acquiring an additional 382,367 shares in the last quarter. Pathway Financial Advisers LLC boosted its holdings in Costco Wholesale by 75,894.4% in the third 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 during the period. FMR LLC grew its stake in Costco Wholesale by 3.6% during the 3rd 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 in the last quarter. Finally, 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 worth $8,380,648,000 after purchasing an additional 162,191 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST opened at $1,043.81 on Friday. The company has a market capitalization of $463.35 billion, a price-to-earnings ratio of 61.29, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,063.00. The firm has a 50-day simple moving average of $959.83 and a 200-day simple moving average of $912.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders 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 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Analyst Ratings Changes

COST has been the subject of several recent research reports. Loop Capital lifted their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Barclays lifted their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Tigress Financial reissued a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. DA Davidson lifted their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, 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 report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

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.