Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Silver Lake Advisory LLC

Silver Lake Advisory LLC lifted its stake in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 384 shares of the retailer’s stock after purchasing an additional 27 shares during the quarter. Silver Lake Advisory LLC’s holdings in Costco Wholesale were worth $352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in COST. Renaissance Technologies LLC purchased a new position in Costco Wholesale in the second quarter worth approximately $4,202,000. Beck Bode LLC grew its position in Costco Wholesale by 1.7% in the second quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock worth $13,563,000 after acquiring an additional 260 shares during the period. Drucker Wealth 3.0 LLC purchased a new position in Costco Wholesale in the second quarter worth approximately $264,000. MBB Public Markets I LLC grew its position in Costco Wholesale by 2,504.5% in the second quarter. MBB Public Markets I LLC now owns 31,566 shares of the retailer’s stock worth $26,831,000 after acquiring an additional 30,354 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Costco Wholesale by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 312,946 shares of the retailer’s stock worth $266,001,000 after buying an additional 6,750 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $939.68 on Friday. 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 12 month low of $675.96 and a 12 month high of $1,008.25. The firm has a market capitalization of $417.12 billion, a price-to-earnings ratio of 55.18, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. The business’s 50 day simple moving average is $950.92 and its 200-day simple moving average is $903.31.

Costco Wholesale Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

Several research firms have recently commented on COST. Evercore ISI raised their price target on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Stifel Nicolaus raised their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. TD Cowen raised their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. UBS Group raised their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

View Our Latest Stock Report on COST

Costco Wholesale Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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