Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Rockline Wealth Management LLC

Rockline Wealth Management LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,967 shares of the retailer’s stock after buying an additional 226 shares during the period. Costco Wholesale makes up 2.2% of Rockline Wealth Management LLC’s holdings, making the stock its 8th biggest holding. Rockline Wealth Management LLC’s holdings in Costco Wholesale were worth $8,216,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. AMF Tjanstepension AB acquired a new position in Costco Wholesale during the 3rd quarter valued at about $42,896,000. Czech National Bank raised its stake in shares of Costco Wholesale by 6.9% during the third quarter. Czech National Bank now owns 90,312 shares of the retailer’s stock worth $80,063,000 after buying an additional 5,799 shares during the last quarter. Everpar Advisors LLC lifted its holdings in Costco Wholesale by 3.3% in the third quarter. Everpar Advisors LLC now owns 539 shares of the retailer’s stock valued at $478,000 after buying an additional 17 shares during the period. Security National Bank boosted its stake in Costco Wholesale by 4.4% in the third quarter. Security National Bank now owns 824 shares of the retailer’s stock valued at $730,000 after acquiring an additional 35 shares during the last quarter. Finally, Bath Savings Trust Co grew its holdings in Costco Wholesale by 0.4% during the 3rd quarter. Bath Savings Trust Co now owns 21,821 shares of the retailer’s stock worth $19,345,000 after acquiring an additional 81 shares during the period. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the topic of a number of analyst reports. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Barclays lifted their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. BMO Capital Markets increased their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Sanford C. Bernstein started 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 for the company. Finally, UBS Group raised their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Performance

Shares of COST stock opened at $1,021.86 on Wednesday. The business’s 50 day simple moving average is $955.41 and its 200 day simple moving average is $909.45. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,024.35. The stock has a market capitalization of $453.60 billion, a PE ratio of 60.00, a PEG ratio of 5.84 and a beta of 0.84. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio 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.