Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,440 shares of the retailer’s stock after purchasing an additional 433 shares during the quarter. New York Life Investment Management LLC’s holdings in Costco Wholesale were worth $54,463,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale in the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale during the fourth quarter worth approximately $33,000. Collier Financial acquired a new stake in Costco Wholesale during the fourth quarter worth approximately $35,000. Barrett & Company Inc. boosted its position in Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in Costco Wholesale during the fourth quarter worth approximately $41,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on COST. Wells Fargo & Company raised their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. 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. DA Davidson raised their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Stifel Nicolaus raised their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Morgan Stanley raised their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Ten equities 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, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $1,031.97 on Thursday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. The company has a market capitalization of $458.09 billion, a price-to-earnings ratio of 60.60, a price-to-earnings-growth ratio of 6.15 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 firm’s fifty day moving average price is $979.28 and its 200 day moving average price is $935.71.

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. This represents a $4.64 annualized dividend and a yield of 0.45%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

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.