Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,256 shares of the retailer’s stock after purchasing an additional 181 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Costco Wholesale were worth $2,984,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of COST. International Assets Investment Management LLC lifted its holdings in Costco Wholesale by 113,947.9% in the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after purchasing an additional 7,364,453 shares during the period. Strategic Financial Concepts LLC lifted its holdings in Costco Wholesale by 100,422.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after purchasing an additional 795,345 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Costco Wholesale by 55.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after purchasing an additional 382,367 shares during the period. Pathway Financial Advisers LLC lifted its holdings in Costco Wholesale by 75,894.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after acquiring an additional 338,489 shares during the last quarter. Finally, FMR LLC lifted its holdings 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. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on COST. Evercore ISI upped their price target on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Wells Fargo & Company upped their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Loop Capital upped their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Tigress Financial reissued a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a report on Thursday, October 17th. Finally, Citigroup upped their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Price Performance

NASDAQ COST opened at $1,061.92 on Tuesday. The firm has a market capitalization of $471.39 billion, a price-to-earnings ratio of 62.36, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. The company has a 50 day simple moving average of $961.27 and a 200-day simple moving average of $915.02. 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 52-week low of $697.27 and a 52-week high of $1,063.00.

Costco Wholesale Dividend Announcement

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