Charles Schwab Investment Management Inc. Grows Holdings in Costco Wholesale Co. (NASDAQ:COST)

Charles Schwab Investment Management Inc. grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,899,904 shares of the retailer’s stock after purchasing an additional 91,649 shares during the period. Charles Schwab Investment Management Inc. owned about 0.65% of Costco Wholesale worth $2,657,095,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale in the third quarter worth $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale in the fourth quarter worth $33,000. Collier Financial purchased a new stake in Costco Wholesale in the fourth quarter worth $35,000. Barrett & Company Inc. increased its stake in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new stake in Costco Wholesale in the fourth quarter worth $41,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

COST has been the topic of several research reports. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday. Raymond James raised their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Evercore ISI restated a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Citigroup raised their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus raised their price target on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $1,046.85 on Tuesday. The business’s 50 day moving average price is $984.45 and its 200 day moving average price is $939.83. The firm has a market cap of $464.70 billion, a P/E ratio of 61.47, a P/E/G 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 $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Costco Wholesale 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.