Snider Financial Group Increases Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Snider Financial Group grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 28.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,128 shares of the retailer’s stock after buying an additional 1,342 shares during the period. Costco Wholesale makes up about 1.7% of Snider Financial Group’s holdings, making the stock its 16th biggest holding. Snider Financial Group’s holdings in Costco Wholesale were worth $5,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in COST. Geode Capital Management LLC boosted its stake in Costco Wholesale by 1.7% in the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock worth $8,380,648,000 after buying an additional 162,191 shares in the last quarter. FMR LLC boosted its stake 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 purchasing an additional 324,973 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of 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. Fisher Asset Management LLC raised its position in Costco Wholesale by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 3,077,905 shares of the retailer’s stock worth $2,820,193,000 after purchasing an additional 43,414 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in 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 worth $2,726,107,000 after purchasing an additional 70,561 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on COST shares. Loop Capital lifted their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Robert W. Baird boosted their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Raymond James raised their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. UBS Group increased their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley boosted their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Trading Down 1.0 %

Shares of NASDAQ COST opened at $1,036.87 on Wednesday. The firm’s 50 day moving average price is $986.01 and its 200-day moving average price is $941.00. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company has a market cap of $460.27 billion, a PE ratio of 60.88, a P/E/G ratio of 6.15 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.45%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Costco Wholesale Company 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.