Court Place Advisors LLC Grows Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Court Place Advisors LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,222 shares of the retailer’s stock after purchasing an additional 15 shares during the quarter. Court Place Advisors LLC’s holdings in Costco Wholesale were worth $1,120,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in Costco Wholesale by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after acquiring an additional 32,074 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of Costco Wholesale by 62.8% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after purchasing an additional 932 shares during the last quarter. Hudson Value Partners LLC boosted its position in shares of Costco Wholesale by 7.6% in the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after purchasing an additional 568 shares during the period. Nwam LLC purchased a new position in Costco Wholesale during the 3rd quarter worth approximately $20,056,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in Costco Wholesale during the fourth quarter worth approximately $8,430,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on COST shares. Loop Capital raised their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. UBS Group raised their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Morgan Stanley upped their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. BMO Capital Markets raised their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Truist Financial upped their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Nine equities 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Down 0.7 %

Costco Wholesale stock opened at $958.67 on Wednesday. Costco Wholesale Co. has a fifty-two week low of $686.26 and a fifty-two week high of $1,008.25. The firm has a market capitalization of $425.55 billion, a price-to-earnings ratio of 56.29, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. The stock’s fifty day moving average is $952.49 and its two-hundred day moving average is $904.81. 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 Announces Dividend

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 of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.48%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

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.