Total Investment Management Inc. Boosts Holdings in Costco Wholesale Co. (NASDAQ:COST)

Total Investment Management Inc. lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 37.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 328 shares of the retailer’s stock after buying an additional 89 shares during the quarter. Total Investment Management Inc.’s holdings in Costco Wholesale were worth $300,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. AMF Tjanstepension AB bought a new position in shares of Costco Wholesale during the third quarter valued at about $42,896,000. Swedbank AB increased its stake in Costco Wholesale by 1.5% in the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after purchasing an additional 6,495 shares during the period. Wealth Alliance Advisory Group LLC lifted its position in Costco Wholesale by 6.3% in the third quarter. Wealth Alliance Advisory Group LLC now owns 1,408 shares of the retailer’s stock valued at $1,248,000 after purchasing an additional 84 shares during the last quarter. Verde Capital Management boosted its stake in shares of Costco Wholesale by 246.8% during the third quarter. Verde Capital Management now owns 1,446 shares of the retailer’s stock valued at $1,282,000 after purchasing an additional 1,029 shares during the period. Finally, Veracity Capital LLC grew its holdings in shares of Costco Wholesale by 8.0% in the third quarter. Veracity Capital LLC now owns 1,435 shares of the retailer’s stock worth $1,272,000 after purchasing an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $1,071.85 on Tuesday. The stock has a market capitalization of $475.79 billion, a price-to-earnings ratio of 62.94, a price-to-earnings-growth ratio of 6.26 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. The business has a 50-day moving average of $969.49 and a 200 day moving average of $923.85. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.23.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Wall Street Analyst Weigh In

COST has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Roth Mkm boosted their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Jefferies Financial Group increased their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Robert W. Baird raised their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.