PrairieView Partners LLC Increases Holdings in Costco Wholesale Co. (NASDAQ:COST)

PrairieView Partners LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 997 shares of the retailer’s stock after buying an additional 33 shares during the period. PrairieView Partners LLC’s holdings in Costco Wholesale were worth $913,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in COST. International Assets Investment Management LLC lifted its holdings in shares of 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 buying an additional 7,364,453 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake in Costco Wholesale by 100,422.3% in the 4th 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 in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Costco Wholesale by 55.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after purchasing an additional 382,367 shares during the period. Pathway Financial Advisers LLC increased its holdings in shares of Costco Wholesale by 75,894.4% in the third quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock worth $300,473,000 after purchasing an additional 338,489 shares during the period. Finally, FMR LLC raised its position in shares of Costco Wholesale by 3.6% in the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after buying an additional 324,973 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on COST. Oppenheimer restated an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. DA Davidson boosted their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Stifel Nicolaus lifted their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Up 1.1 %

COST opened at $1,076.86 on Friday. The stock has a market capitalization of $478.02 billion, a price-to-earnings ratio of 63.23, a PEG ratio of 6.26 and a beta of 0.84. The firm has a 50 day moving average price of $966.02 and a 200-day moving average price of $919.48. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.43%. Costco Wholesale’s dividend 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.