Alecta Tjanstepension Omsesidigt Has $185 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Alecta Tjanstepension Omsesidigt reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 27.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 201,900 shares of the retailer’s stock after selling 78,100 shares during the period. Alecta Tjanstepension Omsesidigt’s holdings in Costco Wholesale were worth $185,001,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Proficio Capital Partners LLC increased its holdings in shares of Costco Wholesale by 74,796.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock worth $1,394,465,000 after acquiring an additional 1,519,861 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in Costco Wholesale by 100,422.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after purchasing an additional 795,345 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Costco Wholesale by 55.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after purchasing an additional 382,367 shares during the last quarter. Pathway Financial Advisers LLC raised its position in shares of Costco Wholesale by 75,894.4% in the third quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after purchasing an additional 338,489 shares during the period. Finally, FMR LLC lifted its stake in shares of Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after buying an additional 324,973 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

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

Costco Wholesale Announces Dividend

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

Analyst Ratings Changes

COST has been the topic of a number of research reports. Morgan Stanley upped their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Jefferies Financial Group increased their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. TD Cowen boosted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Loop Capital increased their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Oppenheimer reissued an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.