Tacita Capital Inc Acquires 26 Shares of Costco Wholesale Co. (NASDAQ:COST)

Tacita Capital Inc lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 6.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 404 shares of the retailer’s stock after purchasing an additional 26 shares during the period. Tacita Capital Inc’s holdings in Costco Wholesale were worth $370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of COST. Swedbank AB boosted its stake in shares of Costco Wholesale by 1.5% in the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after buying an additional 6,495 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Costco Wholesale by 8.3% in the 3rd quarter. Van ECK Associates Corp now owns 123,292 shares of the retailer’s stock worth $110,861,000 after buying an additional 9,447 shares during the last quarter. Lansing Street Advisors boosted its stake in shares of Costco Wholesale by 31.4% in the 3rd quarter. Lansing Street Advisors now owns 339 shares of the retailer’s stock worth $300,000 after buying an additional 81 shares during the last quarter. Kanawha Capital Management LLC lifted its position in Costco Wholesale by 2.2% during the third quarter. Kanawha Capital Management LLC now owns 16,044 shares of the retailer’s stock valued at $14,223,000 after purchasing an additional 345 shares in the last quarter. Finally, Roman Butler Fullerton & Co. lifted its position in Costco Wholesale by 3.2% during the third quarter. Roman Butler Fullerton & Co. now owns 2,930 shares of the retailer’s stock valued at $2,621,000 after purchasing an additional 91 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Robert W. Baird lifted their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Wells Fargo & Company lifted their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. TD Cowen lifted their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Barclays lifted their target price on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Finally, Loop Capital lifted their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Down 0.2 %

Shares of NASDAQ COST opened at $1,046.85 on Tuesday. The business’s 50 day moving average is $984.45 and its two-hundred day moving average is $939.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24. The stock has a market capitalization of $464.70 billion, a P/E ratio of 61.47, a PEG ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s payout ratio is currently 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.