Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,233 shares of the retailer’s stock after buying an additional 774 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Costco Wholesale were worth $10,292,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AMF Tjanstepension AB acquired a new stake in Costco Wholesale in the third quarter valued at $42,896,000. Fiduciary Financial Group LLC acquired a new stake in shares of Costco Wholesale in the third quarter valued at about $249,000. Brown Miller Wealth Management LLC boosted its holdings in Costco Wholesale by 5.1% during the third quarter. Brown Miller Wealth Management LLC now owns 887 shares of the retailer’s stock worth $786,000 after buying an additional 43 shares in the last quarter. Annex Advisory Services LLC grew its position in Costco Wholesale by 7.2% during the third quarter. Annex Advisory Services LLC now owns 26,165 shares of the retailer’s stock worth $23,196,000 after buying an additional 1,751 shares during the period. Finally, Retirement Planning Group LLC increased its holdings in Costco Wholesale by 0.4% in the third quarter. Retirement Planning Group LLC now owns 33,411 shares of the retailer’s stock valued at $29,620,000 after buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on COST. Roth Mkm boosted their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Raymond James raised their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, February 3rd. Finally, Sanford C. Bernstein assumed coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $1,043.81 on Monday. The company has a market cap of $463.35 billion, a P/E ratio of 61.29, a PEG ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,063.00. The business’s 50-day simple moving average is $961.27 and its 200 day simple moving average is $914.43. 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 company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.16 per share. 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 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.