Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Lansing Street Advisors

Lansing Street Advisors lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 23.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 420 shares of the retailer’s stock after buying an additional 81 shares during the period. Lansing Street Advisors’ holdings in Costco Wholesale were worth $385,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. AMF Tjanstepension AB purchased a new position in Costco Wholesale during the third quarter worth about $42,896,000. Swedbank AB raised its holdings in Costco Wholesale by 1.5% during the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after purchasing an additional 6,495 shares in the last quarter. Global Trust Asset Management LLC raised its holdings in Costco Wholesale by 4.2% during the third quarter. Global Trust Asset Management LLC now owns 2,725 shares of the retailer’s stock worth $2,416,000 after purchasing an additional 111 shares in the last quarter. DT Investment Partners LLC raised its holdings in Costco Wholesale by 4.9% during the third quarter. DT Investment Partners LLC now owns 1,638 shares of the retailer’s stock worth $1,452,000 after purchasing an additional 77 shares in the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV increased its holdings in Costco Wholesale by 7.5% in the third quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 2,183 shares of the retailer’s stock valued at $1,935,000 after buying an additional 153 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on COST. Oppenheimer reaffirmed 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. Truist Financial increased their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Robert W. Baird increased their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Raymond James increased their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group increased their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Up 0.0 %

Shares of NASDAQ COST opened at $1,035.03 on Friday. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The firm’s 50 day moving average price is $975.61 and its 200 day moving average price is $931.39. The firm has a market cap of $459.45 billion, a P/E ratio of 60.78, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend 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.