Spinnaker Trust Acquires 41 Shares of Costco Wholesale Co. (NASDAQ:COST)

Spinnaker Trust boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,532 shares of the retailer’s stock after acquiring an additional 41 shares during the quarter. Spinnaker Trust’s holdings in Costco Wholesale were worth $6,901,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in COST. AMF Tjanstepension AB bought a new position in Costco Wholesale in the 3rd quarter valued at about $42,896,000. Creative Planning lifted its position in shares of Costco Wholesale by 5.5% during the 3rd quarter. Creative Planning now owns 224,169 shares of the retailer’s stock worth $194,245,000 after buying an additional 11,678 shares in the last quarter. Swedbank AB lifted its position in shares of Costco Wholesale by 1.5% during the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after buying an additional 6,495 shares in the last quarter. Marshall Financial Group LLC lifted its position in shares of Costco Wholesale by 6.9% during the 3rd quarter. Marshall Financial Group LLC now owns 278 shares of the retailer’s stock worth $247,000 after buying an additional 18 shares in the last quarter. Finally, Secure Asset Management LLC lifted its position in shares of Costco Wholesale by 8.3% during the 3rd quarter. Secure Asset Management LLC now owns 1,213 shares of the retailer’s stock worth $1,075,000 after buying an additional 93 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.5 %

COST stock opened at $1,071.85 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $969.49 and its 200 day moving average is $922.35. The stock has a market cap of $475.79 billion, a price-to-earnings ratio of 62.94, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analysts Set New Price Targets

COST has been the topic of several recent analyst reports. Citigroup lifted their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Jefferies Financial Group lifted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Evercore ISI lifted their target price on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. TD Cowen raised 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 note on Friday, December 13th. Finally, UBS Group raised their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.