Costco Wholesale Co. (NASDAQ:COST) is Bellecapital International Ltd.’s 7th Largest Position

Bellecapital International Ltd. grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,391 shares of the retailer’s stock after buying an additional 153 shares during the quarter. Costco Wholesale accounts for 4.1% of Bellecapital International Ltd.’s investment portfolio, making the stock its 7th largest holding. Bellecapital International Ltd.’s holdings in Costco Wholesale were worth $23,265,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Swedbank AB increased its holdings in shares of Costco Wholesale by 1.5% in the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after purchasing an additional 6,495 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of Costco Wholesale by 3.6% in the 3rd quarter. Stephens Inc. AR now owns 15,397 shares of the retailer’s stock valued at $13,650,000 after purchasing an additional 538 shares in the last quarter. Lebenthal Global Advisors LLC increased its holdings in shares of Costco Wholesale by 19.5% in the 3rd quarter. Lebenthal Global Advisors LLC now owns 1,209 shares of the retailer’s stock valued at $1,072,000 after purchasing an additional 197 shares in the last quarter. Values Added Financial LLC increased its holdings in shares of Costco Wholesale by 4.7% in the 3rd quarter. Values Added Financial LLC now owns 1,312 shares of the retailer’s stock valued at $1,163,000 after purchasing an additional 59 shares in the last quarter. Finally, Fonville Wealth Management LLC increased its holdings in shares of Costco Wholesale by 6.1% in the 3rd quarter. Fonville Wealth Management LLC now owns 469 shares of the retailer’s stock valued at $416,000 after purchasing an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on COST shares. Telsey Advisory Group reiterated an “outperform” rating on shares of Costco Wholesale in a report on Friday, February 14th. Roth Mkm lifted their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. BMO Capital Markets lifted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Truist Financial lifted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, TD Cowen lifted their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $1,048.61 on Friday. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The firm has a 50 day moving average price of $982.51 and a 200 day moving average price of $938.10. The company has a market cap of $465.48 billion, a price-to-earnings ratio of 61.57, a PEG ratio of 6.15 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Announces Dividend

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 $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s payout ratio is 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.