Levin Capital Strategies L.P. Has $1.78 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Levin Capital Strategies L.P. lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 28.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,938 shares of the retailer’s stock after purchasing an additional 424 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Costco Wholesale were worth $1,776,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of COST. Cromwell Holdings LLC grew its holdings in Costco Wholesale by 0.9% in the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock worth $1,048,000 after purchasing an additional 10 shares during the period. 44 Wealth Management LLC grew its holdings in Costco Wholesale by 0.3% in the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock worth $3,196,000 after purchasing an additional 10 shares during the period. SRN Advisors LLC grew its holdings in Costco Wholesale by 0.3% in the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock worth $2,823,000 after purchasing an additional 10 shares during the period. Sculati Wealth Management LLC grew its holdings in Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after purchasing an additional 11 shares during the period. Finally, Sivia Capital Partners LLC grew its holdings in Costco Wholesale by 0.3% in the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after purchasing an additional 11 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 2.6 %

COST opened at $1,048.61 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. The stock has a market cap of $465.48 billion, a price-to-earnings ratio of 61.57, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The company’s 50-day moving average price is $982.51 and its two-hundred day moving average price is $938.10.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Analysts Set New Price Targets

COST has been the subject of a number of research reports. Stifel Nicolaus raised their price target on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Barclays raised their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. UBS Group raised their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Evercore ISI reaffirmed a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Finally, Wells Fargo & Company raised their price objective on shares of 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. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus 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.