Fisher Asset Management LLC Has $2.82 Billion Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Fisher Asset Management LLC raised its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,077,905 shares of the retailer’s stock after acquiring an additional 43,414 shares during the quarter. Costco Wholesale makes up about 1.1% of Fisher Asset Management LLC’s portfolio, making the stock its 26th largest holding. Fisher Asset Management LLC’s holdings in Costco Wholesale were worth $2,820,193,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter valued at $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter valued at $33,000. Collier Financial bought a new stake in shares of Costco Wholesale in the 4th quarter valued at $35,000. Barrett & Company Inc. boosted its stake in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in shares of Costco Wholesale in the 4th quarter valued at $41,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on COST. Wells Fargo & Company upped their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Costco Wholesale in a research note on Friday, February 14th. TD Cowen increased 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 note on Friday, December 13th. Truist Financial increased their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Finally, Barclays increased their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Performance

Shares of COST stock opened at $1,048.61 on Friday. The firm has a 50-day moving average of $982.51 and a 200-day moving average of $937.59. The company has a market cap of $465.48 billion, a P/E ratio of 61.57, a P/E/G ratio of 6.15 and a beta of 0.84. 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 one year low of $697.27 and a one year high of $1,078.23.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders 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 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s dividend 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.