Gulf International Bank UK Ltd Has $31.73 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Gulf International Bank UK Ltd lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,634 shares of the retailer’s stock after selling 371 shares during the period. Costco Wholesale comprises about 0.8% of Gulf International Bank UK Ltd’s portfolio, making the stock its 17th biggest position. Gulf International Bank UK Ltd’s holdings in Costco Wholesale were worth $31,734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. AMF Tjanstepension AB acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $42,896,000. Swedbank AB boosted its stake in Costco Wholesale by 1.5% during the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after acquiring an additional 6,495 shares in the last quarter. Traynor Capital Management Inc. grew its holdings in Costco Wholesale by 17.0% in the third quarter. Traynor Capital Management Inc. now owns 2,772 shares of the retailer’s stock worth $2,458,000 after purchasing an additional 402 shares during the period. China Universal Asset Management Co. Ltd. grew its stake in shares of Costco Wholesale by 41.8% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 11,460 shares of the retailer’s stock valued at $10,160,000 after buying an additional 3,376 shares during the period. Finally, Wells Trecaso Financial Group LLC increased its position in shares of Costco Wholesale by 6.0% during the third quarter. Wells Trecaso Financial Group LLC now owns 369 shares of the retailer’s stock worth $327,000 after acquiring an additional 21 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $1,031.97 on Thursday. The company has a 50 day moving average price of $979.28 and a 200-day moving average price of $935.71. 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 Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. The company has a market capitalization of $458.09 billion, a PE ratio of 60.60, a P/E/G ratio of 6.15 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.45%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analyst Upgrades and Downgrades

COST has been the subject of several research analyst reports. Robert W. Baird raised their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. UBS Group increased their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. TD Cowen boosted their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. BMO Capital Markets increased their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Barclays lifted their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus 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.