5,489 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by Brueske Advisory Services LLC

Brueske Advisory Services LLC purchased a new stake in Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,489 shares of the retailer’s stock, valued at approximately $5,029,000. Costco Wholesale makes up approximately 4.5% of Brueske Advisory Services LLC’s investment portfolio, making the stock its 7th biggest holding.

Other large investors have also modified their holdings of the company. AMF Tjanstepension AB acquired a new stake in shares of Costco Wholesale during the third quarter valued at $42,896,000. Swedbank AB increased its holdings in Costco Wholesale by 1.5% during the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after purchasing an additional 6,495 shares during the last quarter. Traynor Capital Management Inc. increased its holdings in Costco Wholesale by 17.0% during the 3rd quarter. Traynor Capital Management Inc. now owns 2,772 shares of the retailer’s stock worth $2,458,000 after purchasing an additional 402 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in Costco Wholesale by 41.8% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 11,460 shares of the retailer’s stock worth $10,160,000 after purchasing an additional 3,376 shares during the last quarter. Finally, Wells Trecaso Financial Group LLC grew its position in shares of Costco Wholesale by 6.0% in the 3rd quarter. Wells Trecaso Financial Group LLC now owns 369 shares of the retailer’s stock worth $327,000 after acquiring an additional 21 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on COST shares. DA Davidson boosted their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. UBS Group boosted 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. Loop Capital boosted their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Wells Fargo & Company boosted their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Oppenheimer reissued an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Ten research 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.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $1,031.97 on Thursday. The firm has a market capitalization of $458.09 billion, a P/E 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. The stock’s 50-day simple moving average is $979.28 and its two-hundred day simple moving average is $935.71. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23.

Costco Wholesale Dividend Announcement

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

Costco Wholesale 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.