Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Lessened by Northeast Investment Management

Northeast Investment Management cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,953 shares of the retailer’s stock after selling 1,094 shares during the period. Costco Wholesale comprises approximately 3.9% of Northeast Investment Management’s investment portfolio, making the stock its 6th largest holding. Northeast Investment Management’s holdings in Costco Wholesale were worth $87,919,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in COST. International Assets Investment Management LLC lifted its holdings in Costco Wholesale by 113,947.9% during 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 acquiring an additional 7,364,453 shares during the period. Strategic Financial Concepts LLC grew its position in Costco Wholesale by 100,422.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after buying an additional 795,345 shares during the period. Assenagon Asset Management S.A. raised its position 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 acquiring an additional 382,367 shares during the period. Pathway Financial Advisers LLC boosted its stake in Costco Wholesale by 75,894.4% in the third 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 grew its position in shares of Costco Wholesale by 3.6% during 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. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST opened at $1,043.81 on Monday. The firm’s 50-day simple moving average is $961.27 and its two-hundred day simple moving average is $914.43. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,063.00. The stock has a market cap of $463.35 billion, a PE ratio of 61.29, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Roth Mkm raised their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, February 3rd. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. BMO Capital Markets boosted 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, UBS Group boosted their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

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.