Stratos Investment Management LLC Grows Position in Costco Wholesale Co. (NASDAQ:COST)

Stratos Investment Management LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 19.6% in the 4th quarter, HoldingsChannel reports. The fund owned 5,219 shares of the retailer’s stock after acquiring an additional 854 shares during the quarter. Stratos Investment Management LLC’s holdings in Costco Wholesale were worth $4,782,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. International Assets Investment Management LLC increased its position in Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after purchasing an additional 7,364,453 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Costco Wholesale by 55.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after purchasing an additional 382,367 shares in the last quarter. Pathway Financial Advisers LLC increased its position in Costco Wholesale by 75,894.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock worth $300,473,000 after purchasing an additional 338,489 shares in the last quarter. FMR LLC increased its position in Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after purchasing an additional 324,973 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Costco Wholesale by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock worth $8,380,648,000 after purchasing an additional 162,191 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $1,042.88 on Thursday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,043.09. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $462.93 billion, a price-to-earnings ratio of 61.24, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84. The business has a 50 day simple moving average of $956.42 and a 200-day simple moving average of $910.75.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analysts Set New Price Targets

COST has been the subject of a number of recent research reports. Robert W. Baird lifted their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Truist Financial lifted their price objective on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday. Raymond James raised their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, TD Cowen raised their price target 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. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.