Metis Global Partners LLC Has $20.12 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Metis Global Partners LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,955 shares of the retailer’s stock after buying an additional 398 shares during the quarter. Costco Wholesale accounts for about 0.6% of Metis Global Partners LLC’s portfolio, making the stock its 23rd biggest holding. Metis Global Partners LLC’s holdings in Costco Wholesale were worth $20,117,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Costco Wholesale by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after buying an additional 32,074 shares in the last quarter. Hudson Value Partners LLC grew its stake in Costco Wholesale by 7.6% in the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after purchasing an additional 568 shares in the last quarter. Nwam LLC bought a new position in Costco Wholesale in the third quarter valued at approximately $20,056,000. CHURCHILL MANAGEMENT Corp bought a new position in Costco Wholesale in the fourth quarter valued at approximately $8,430,000. Finally, GAMMA Investing LLC grew its stake in Costco Wholesale by 15.0% in the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after purchasing an additional 1,001 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $1,048.61 on Friday. The stock has a market capitalization of $465.48 billion, a PE ratio of 61.57, a P/E/G ratio of 6.15 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. The business has a fifty day moving average price of $982.51 and a two-hundred day moving average price of $937.59. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on COST shares. Wells Fargo & Company raised their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Truist Financial raised their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. UBS Group raised their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Barclays lifted their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Finally, Jefferies Financial Group lifted their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock 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.