Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Motiv8 Investments LLC

Motiv8 Investments LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 28.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,312 shares of the retailer’s stock after purchasing an additional 294 shares during the quarter. Motiv8 Investments LLC’s holdings in Costco Wholesale were worth $1,202,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after purchasing an additional 32,074 shares in the last quarter. Hudson Value Partners LLC lifted its holdings in Costco Wholesale by 7.6% in the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after purchasing an additional 568 shares during the last quarter. Nwam LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter worth $20,056,000. CHURCHILL MANAGEMENT Corp bought a new stake in Costco Wholesale during the fourth quarter valued at about $8,430,000. Finally, GAMMA Investing LLC grew its holdings in Costco Wholesale by 15.0% in the 4th quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after buying an additional 1,001 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Down 2.2 %

COST stock opened at $1,031.97 on Thursday. The firm has a market capitalization of $458.09 billion, a PE ratio of 60.60, a P/E/G ratio of 6.15 and a beta of 0.84. 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 Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The stock’s 50 day moving average is $979.28 and its 200-day moving average is $935.71.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio is 27.25%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Loop Capital increased their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Telsey Advisory Group reissued an “outperform” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Robert W. Baird lifted their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Evercore ISI reissued a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

About Costco Wholesale

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.