Edge Financial Advisors LLC Grows Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Edge Financial Advisors LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 12.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 458 shares of the retailer’s stock after buying an additional 50 shares during the period. Edge Financial Advisors LLC’s holdings in Costco Wholesale were worth $420,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC lifted its holdings in Costco Wholesale by 113,947.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after purchasing an additional 7,364,453 shares in the last quarter. Assenagon Asset Management S.A. lifted 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 in the last quarter. 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 purchasing an additional 338,489 shares in the last quarter. 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 purchasing an additional 324,973 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Costco Wholesale by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after purchasing an additional 162,191 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Down 0.3 %

COST stock opened at $939.68 on Friday. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $417.12 billion, a P/E ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. The firm has a 50 day simple moving average of $950.92 and a 200-day simple moving average of $903.31.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

COST has been the topic of a number of recent research reports. Tigress Financial restated a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. Evercore ISI increased their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Raymond James increased their price objective 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. Finally, Jefferies Financial Group increased their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.