Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 74,796.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,521,893 shares of the retailer’s stock after buying an additional 1,519,861 shares during the period. Costco Wholesale comprises 0.8% of Proficio Capital Partners LLC’s portfolio, making the stock its 22nd largest position. Proficio Capital Partners LLC owned 0.34% of Costco Wholesale worth $1,394,465,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of COST. Strategic Financial Concepts LLC lifted its holdings in Costco Wholesale by 100,422.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after buying an additional 795,345 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Costco Wholesale by 55.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after buying an additional 382,367 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in Costco Wholesale by 75,894.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock worth $300,473,000 after buying an additional 338,489 shares during the last quarter. FMR LLC lifted its holdings in shares of Costco Wholesale by 3.6% in the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after purchasing an additional 324,973 shares during the last quarter. Finally, Life Planning Partners Inc bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $157,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 2.2 %

Costco Wholesale stock 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 simple moving average is $979.28 and its 200-day simple moving average is $935.71. The firm has a market capitalization of $458.09 billion, a PE ratio of 60.60, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.45%. Costco Wholesale’s dividend payout ratio is 27.25%.

Wall Street Analysts Forecast Growth

COST has been the topic of several analyst reports. TD Cowen raised their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Citigroup raised their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. UBS Group raised their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. DA Davidson raised their target price 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. Finally, Robert W. Baird raised their target price 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. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently 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.