Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Increased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,835 shares of the retailer’s stock after acquiring an additional 397 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Costco Wholesale were worth $2,598,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale in the 3rd quarter valued at $29,000. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale in the 4th quarter valued at $33,000. Retirement Wealth Solutions LLC bought a new stake in Costco Wholesale in the 4th quarter valued at $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale in the 3rd quarter valued at $58,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in Costco Wholesale in the 4th quarter valued at $58,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.3 %

COST opened at $939.68 on Friday. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company has a market capitalization of $417.12 billion, a P/E ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84. The stock has a fifty day moving average of $951.57 and a 200-day moving average of $903.72.

Costco Wholesale Dividend Announcement

The company 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 dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Roth Mkm upped their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. TD Cowen upped their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Loop Capital upped their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Citigroup upped their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Finally, Barclays increased their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.