Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 20.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,114 shares of the retailer’s stock after buying an additional 5,805 shares during the period. Costco Wholesale makes up 0.7% of Apollon Wealth Management LLC’s holdings, making the stock its 29th largest position. Apollon Wealth Management LLC’s holdings in Costco Wholesale were worth $31,257,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in COST. Geode Capital Management LLC grew its position in Costco Wholesale by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock worth $8,380,648,000 after purchasing an additional 162,191 shares during the last quarter. FMR LLC increased its position in shares of Costco Wholesale by 3.6% in the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after acquiring an additional 324,973 shares during the period. International Assets Investment Management LLC lifted its position in Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after acquiring an additional 7,364,453 shares during the period. Jennison Associates LLC grew its stake in Costco Wholesale by 3.8% during the 3rd quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock valued at $3,013,394,000 after purchasing an additional 125,444 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Costco Wholesale by 2.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,075,065 shares of the retailer’s stock valued at $2,726,107,000 after purchasing an additional 70,561 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on COST. Morgan Stanley raised their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Tigress Financial reaffirmed a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a report on Thursday, October 17th. Wells Fargo & Company lifted their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Oppenheimer restated an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Finally, 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 report on Thursday. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Down 0.7 %

Shares of COST stock opened at $1,043.81 on Friday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,063.00. The stock has a market cap of $463.35 billion, a price-to-earnings ratio of 61.29, a PEG ratio of 6.26 and a beta of 0.84. The company’s 50-day moving average price is $961.27 and its 200-day moving average price is $914.00. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.