Sargent Investment Group LLC boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 24.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,133 shares of the retailer's stock after buying an additional 1,004 shares during the period. Sargent Investment Group LLC's holdings in Costco Wholesale were worth $4,746,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in Costco Wholesale by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer's stock valued at $8,380,648,000 after acquiring an additional 162,191 shares during the last quarter. FMR LLC grew its position in 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 last quarter. International Assets Investment Management LLC grew its position in 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 acquiring an additional 7,364,453 shares during the last quarter. Jennison Associates LLC grew its position in Costco Wholesale by 3.8% in the 3rd quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer's stock valued at $3,013,394,000 after acquiring an additional 125,444 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Costco Wholesale by 2.3% in the 3rd 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 acquiring an additional 70,561 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.
Several brokerages have commented on COST. UBS Group upped their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Raymond James increased their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Evercore ISI increased their price target on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Barclays increased their price target on Costco Wholesale from $850.00 to $940.00 and gave the stock an "equal weight" rating in a research report on Friday, December 13th. Finally, Citigroup increased their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,013.59.
View Our Latest Research Report on Costco Wholesale
Costco Wholesale stock opened at $1,042.88 on Thursday. The stock has a 50-day moving average of $956.42 and a two-hundred day moving average of $910.75. 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 one year low of $697.27 and a one year high of $1,043.09. The stock has a market cap of $462.93 billion, a PE ratio of 61.24, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale's dividend payout ratio (DPR) is presently 27.25%.
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.
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