Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 86.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,081 shares of the retailer’s stock after buying an additional 500 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Costco Wholesale were worth $990,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in Costco Wholesale by 1.7% during the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after buying an additional 162,191 shares during the period. FMR LLC grew its position in shares of 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 purchasing an additional 324,973 shares during the period. International Assets Investment Management LLC grew its position in shares of Costco Wholesale by 113,947.9% in the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after purchasing an additional 7,364,453 shares during the period. Jennison Associates LLC grew its position in shares of Costco Wholesale by 3.8% in the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock valued at $3,013,394,000 after purchasing an additional 125,444 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Costco Wholesale by 2.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,075,065 shares of the retailer’s stock valued at $2,726,107,000 after purchasing an additional 70,561 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on COST shares. Citigroup lifted their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Truist Financial lifted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. UBS Group lifted their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. BMO Capital Markets lifted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Raymond James raised their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Price Performance

Shares of COST opened at $1,034.22 on Friday. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The stock has a market cap of $459.09 billion, a PE ratio of 60.73, a P/E/G ratio of 6.32 and a beta of 0.84. The firm has a 50-day simple moving average of $974.70 and a two-hundred day simple moving average of $928.97. 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 Dividend Announcement

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

Costco Wholesale Company 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.