Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,899,904 shares of the retailer’s stock after acquiring an additional 91,649 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Costco Wholesale were worth $2,657,095,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of COST. Proficio Capital Partners LLC lifted its holdings in Costco Wholesale by 74,796.3% in the fourth quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock valued at $1,394,465,000 after acquiring an additional 1,519,861 shares during the period. Strategic Financial Concepts LLC lifted its holdings in Costco Wholesale by 100,422.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after acquiring an additional 795,345 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Costco Wholesale by 55.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after acquiring an additional 382,367 shares during the period. FMR LLC lifted its holdings in Costco Wholesale by 3.6% in the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after acquiring an additional 324,973 shares during the period. Finally, Life Planning Partners Inc acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $157,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COST has been the subject of several research analyst reports. Stifel Nicolaus upped their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Jefferies Financial Group upped 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. TD Cowen upped their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Truist Financial upped their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Finally, Evercore ISI reaffirmed a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Performance

NASDAQ COST opened at $1,046.85 on Tuesday. The stock has a market cap of $464.70 billion, a PE ratio of 61.47, a P/E/G ratio of 6.15 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 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 $1,078.24. The stock has a fifty day simple moving average of $984.45 and a 200-day simple moving average of $939.83.

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. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 27.25%.

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.