Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Davidson Trust Co.

Davidson Trust Co. increased its position in Costco Wholesale Co. (NASDAQ:COST) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,653 shares of the retailer’s stock after buying an additional 80 shares during the period. Costco Wholesale accounts for approximately 2.7% of Davidson Trust Co.’s investment portfolio, making the stock its 4th biggest holding. Davidson Trust Co.’s holdings in Costco Wholesale were worth $5,180,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in COST. International Assets Investment Management LLC grew its stake in shares of Costco Wholesale by 113,947.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after buying an additional 7,364,453 shares during the period. Strategic Financial Concepts LLC boosted its stake in Costco Wholesale by 100,422.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after purchasing an additional 795,345 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Costco Wholesale by 55.7% during 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 purchasing an additional 382,367 shares during the last quarter. Pathway Financial Advisers LLC boosted its stake in Costco Wholesale by 75,894.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after purchasing an additional 338,489 shares during the last quarter. Finally, FMR LLC boosted its stake in Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after purchasing an additional 324,973 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 1.5 %

Shares of COST stock opened at $1,056.03 on Wednesday. The company’s fifty day simple moving average is $972.43 and its two-hundred day simple moving average is $927.29. 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 1 year low of $697.27 and a 1 year high of $1,078.23. The stock has a market capitalization of $468.77 billion, a price-to-earnings ratio of 62.01, a PEG ratio of 6.37 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s payout ratio is 27.25%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on COST shares. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday, February 3rd. DA Davidson lifted their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Jefferies Financial Group lifted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. UBS Group lifted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Raymond James boosted their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.