Costco Wholesale Co. (NASDAQ:COST) Holdings Lifted by Nilsine Partners LLC

Nilsine Partners LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,641 shares of the retailer’s stock after buying an additional 347 shares during the period. Costco Wholesale makes up approximately 1.3% of Nilsine Partners LLC’s investment portfolio, making the stock its 14th largest position. Nilsine Partners LLC’s holdings in Costco Wholesale were worth $12,499,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale in the third quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $33,000. Retirement Wealth Solutions LLC acquired a new position in Costco Wholesale in the fourth quarter worth approximately $55,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Costco Wholesale during the fourth quarter valued at approximately $58,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Costco Wholesale in the third quarter valued at approximately $58,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Trading Down 0.7 %

Shares of NASDAQ COST opened at $958.67 on Wednesday. Costco Wholesale Co. has a fifty-two week low of $686.26 and a fifty-two week high of $1,008.25. The firm has a market capitalization of $425.55 billion, a P/E ratio of 56.29, a P/E/G ratio of 5.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company’s 50 day simple moving average is $952.49 and its 200 day simple moving average is $904.81.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on COST. Truist Financial raised their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. UBS Group lifted their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Thursday, January 9th. Citigroup boosted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.