Matrix Asset Advisors Inc. NY Raises Position in Costco Wholesale Co. (NASDAQ:COST)

Matrix Asset Advisors Inc. NY grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 64.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 894 shares of the retailer’s stock after purchasing an additional 350 shares during the quarter. Matrix Asset Advisors Inc. NY’s holdings in Costco Wholesale were worth $819,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its position in shares of Costco Wholesale by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after buying an additional 32,074 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in shares of Costco Wholesale by 62.8% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock worth $2,143,000 after buying an additional 932 shares during the period. Hudson Value Partners LLC raised its position in shares of Costco Wholesale by 7.6% in the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after buying an additional 568 shares during the period. Nwam LLC purchased a new position in shares of Costco Wholesale in the 3rd quarter worth $20,056,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new position in shares of Costco Wholesale in the 4th quarter worth $8,430,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.6 %

NASDAQ:COST opened at $964.02 on Thursday. The company has a market capitalization of $427.93 billion, a price-to-earnings ratio of 56.61, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a one year low of $690.80 and a one year high of $1,008.25. The stock has a 50-day simple moving average of $953.06 and a 200 day simple moving average of $905.62. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors 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 dividend on an annualized basis and a yield of 0.48%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on COST. TD Cowen increased their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Raymond James raised their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. BMO Capital Markets raised their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Jefferies Financial Group raised their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Sanford C. Bernstein started coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.