Assetmark Inc. Boosts Stake in Costco Wholesale Co. (NASDAQ:COST)

Assetmark Inc. lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,302 shares of the retailer’s stock after purchasing an additional 2,671 shares during the quarter. Assetmark Inc.’s holdings in Costco Wholesale were worth $38,760,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in COST. Swedbank AB boosted its stake in shares of 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 buying an additional 6,495 shares during the last quarter. Intact Investment Management Inc. purchased a new position in shares of Costco Wholesale in the 3rd quarter worth $390,000. Tobias Financial Advisors Inc. boosted its stake in shares of Costco Wholesale by 3.5% in the 3rd quarter. Tobias Financial Advisors Inc. now owns 359 shares of the retailer’s stock worth $319,000 after buying an additional 12 shares during the last quarter. Balentine LLC purchased a new position in shares of Costco Wholesale in the 3rd quarter worth $1,591,000. Finally, Beacon Financial Advisory LLC boosted its stake in shares of Costco Wholesale by 4.1% in the 3rd quarter. Beacon Financial Advisory LLC now owns 719 shares of the retailer’s stock worth $637,000 after buying an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of a number of recent research reports. Truist Financial raised their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Wells Fargo & Company raised their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. DA Davidson raised their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Raymond James raised their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Roth Mkm raised their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Trading Up 1.0 %

COST opened at $1,047.75 on Thursday. The firm has a market cap of $465.10 billion, a P/E ratio of 61.52, a P/E/G ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average of $987.79 and a 200 day moving average of $941.75.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

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.