QRG Capital Management Inc. Acquires 3,527 Shares of Costco Wholesale Co. (NASDAQ:COST)

QRG Capital Management Inc. increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,728 shares of the retailer’s stock after purchasing an additional 3,527 shares during the quarter. Costco Wholesale accounts for 0.6% of QRG Capital Management Inc.’s portfolio, making the stock its 23rd biggest holding. QRG Capital Management Inc.’s holdings in Costco Wholesale were worth $62,057,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in shares of Costco Wholesale by 1.7% during the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after purchasing an additional 162,191 shares in the last quarter. FMR LLC increased its position in Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after acquiring an additional 324,973 shares during the last quarter. Jennison Associates LLC increased its position in Costco Wholesale by 3.8% during the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock valued at $3,013,394,000 after acquiring an additional 125,444 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Costco Wholesale by 2.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,075,065 shares of the retailer’s stock valued at $2,726,107,000 after acquiring an additional 70,561 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in Costco Wholesale by 2.7% during the third quarter. Fisher Asset Management LLC now owns 3,034,491 shares of the retailer’s stock valued at $2,690,138,000 after acquiring an additional 78,590 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Down 2.2 %

Shares of NASDAQ COST opened at $1,031.97 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The business’s 50 day moving average price is $979.28 and its 200-day moving average price is $935.71. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. The company has a market cap of $458.09 billion, a price-to-earnings ratio of 60.60, a PEG ratio of 6.15 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm also recently declared 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 was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. Costco Wholesale’s payout ratio is 27.25%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Robert W. Baird upped their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. DA Davidson upped their price objective 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. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Barclays upped their price objective on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Finally, Morgan Stanley upped their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Company 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.