Foundations Investment Advisors LLC Buys 1,803 Shares of Costco Wholesale Co. (NASDAQ:COST)

Foundations Investment Advisors LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 12.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,445 shares of the retailer’s stock after buying an additional 1,803 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Costco Wholesale were worth $15,068,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in COST. International Assets Investment Management LLC lifted its stake in Costco Wholesale by 113,947.9% during the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after purchasing an additional 7,364,453 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Costco Wholesale by 55.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after buying an additional 382,367 shares during the last quarter. Pathway Financial Advisers LLC lifted 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 buying an additional 338,489 shares during the period. FMR LLC grew its stake in Costco Wholesale by 3.6% during the third 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 during the period. Finally, Geode Capital Management LLC increased its position in Costco Wholesale by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after buying an additional 162,191 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the subject of several analyst reports. Robert W. Baird increased their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Citigroup lifted their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective for the company. Finally, Roth Mkm raised their price target 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. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Trading Down 0.7 %

Costco Wholesale stock opened at $958.67 on Wednesday. The business’s fifty day moving average is $952.49 and its 200 day moving average is $904.81. The stock has a market capitalization of $425.55 billion, a PE ratio of 56.29, a price-to-earnings-growth 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. Costco Wholesale Co. has a one year low of $686.26 and a one year high of $1,008.25.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.48%. Costco Wholesale’s payout ratio is 27.25%.

About Costco Wholesale

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.