Savant Capital LLC Raises Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Savant Capital LLC lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,009 shares of the retailer’s stock after purchasing an additional 401 shares during the period. Savant Capital LLC’s holdings in Costco Wholesale were worth $12,836,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Canvas Wealth Advisors LLC increased its holdings in Costco Wholesale by 2.3% during the 4th quarter. Canvas Wealth Advisors LLC now owns 1,437 shares of the retailer’s stock worth $1,317,000 after purchasing an additional 32 shares during the period. RAM Investment Partners LLC increased its holdings in Costco Wholesale by 6.3% during the 4th quarter. RAM Investment Partners LLC now owns 8,470 shares of the retailer’s stock worth $7,761,000 after purchasing an additional 504 shares during the period. Angeles Wealth Management LLC increased its holdings in Costco Wholesale by 8.6% during the 4th quarter. Angeles Wealth Management LLC now owns 9,687 shares of the retailer’s stock worth $8,876,000 after purchasing an additional 769 shares during the period. V2 Financial group LLC increased its holdings in Costco Wholesale by 1.8% during the 4th quarter. V2 Financial group LLC now owns 662 shares of the retailer’s stock worth $607,000 after purchasing an additional 12 shares during the period. Finally, Wealthstar Advisors LLC purchased a new position in Costco Wholesale during the 4th quarter worth $348,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COST has been the topic of several research reports. Citigroup raised their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Barclays raised their price objective on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Oppenheimer restated an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. TD Cowen increased 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. Finally, DA Davidson increased their target price 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. 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 company has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Performance

NASDAQ COST opened at $1,061.92 on Tuesday. The stock has a 50-day simple moving average of $961.27 and a two-hundred day simple moving average of $915.02. The firm has a market capitalization of $471.39 billion, a P/E ratio of 62.36, a PEG ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,063.00. 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 disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s payout ratio is currently 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.