Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Conway Capital Management Inc.

Conway Capital Management Inc. raised its position in Costco Wholesale Co. (NASDAQ:COST) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,271 shares of the retailer’s stock after buying an additional 53 shares during the quarter. Costco Wholesale makes up approximately 8.2% of Conway Capital Management Inc.’s portfolio, making the stock its 4th biggest position. Conway Capital Management Inc.’s holdings in Costco Wholesale were worth $18,573,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of COST. Montecito Bank & Trust raised its holdings in shares of Costco Wholesale by 3.4% in the fourth quarter. Montecito Bank & Trust now owns 9,498 shares of the retailer’s stock valued at $8,703,000 after buying an additional 312 shares during the last quarter. New Century Financial Group LLC increased its position in Costco Wholesale by 16.0% in the 4th quarter. New Century Financial Group LLC now owns 680 shares of the retailer’s stock valued at $623,000 after acquiring an additional 94 shares during the period. FCG Investment Co raised its stake in Costco Wholesale by 11.9% during the 4th quarter. FCG Investment Co now owns 3,163 shares of the retailer’s stock valued at $2,898,000 after acquiring an additional 336 shares during the last quarter. Yeomans Consulting Group Inc. grew its stake in shares of Costco Wholesale by 7.2% in the 4th quarter. Yeomans Consulting Group Inc. now owns 519 shares of the retailer’s stock valued at $476,000 after purchasing an additional 35 shares during the last quarter. Finally, Key Client Fiduciary Advisors LLC increased its holdings in shares of Costco Wholesale by 8.0% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 796 shares of the retailer’s stock valued at $729,000 after purchasing an additional 59 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Down 0.3 %

Shares of NASDAQ:COST opened at $939.68 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $417.12 billion, a P/E ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 52-week low of $675.96 and a 52-week high of $1,008.25. The stock’s fifty day simple moving average is $950.92 and its 200-day simple moving average is $903.31.

Costco Wholesale Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Thursday, January 9th. Barclays lifted their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. TD Cowen increased their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Wells Fargo & Company lifted their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Oppenheimer reissued an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

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.