Versor Investments LP Has $1.14 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Versor Investments LP boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.1% in the fourth quarter, Holdings Channel reports. The fund owned 1,245 shares of the retailer’s stock after acquiring an additional 124 shares during the period. Versor Investments LP’s holdings in Costco Wholesale were worth $1,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. AMF Tjanstepension AB acquired a new position in shares of Costco Wholesale during the third quarter valued at about $42,896,000. Swedbank AB raised its position in Costco Wholesale by 1.5% in the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after purchasing an additional 6,495 shares in the last quarter. Adams Diversified Equity Fund Inc. acquired a new position in Costco Wholesale in the third quarter worth about $8,688,000. Trajan Wealth LLC raised its position in Costco Wholesale by 10.2% in the third quarter. Trajan Wealth LLC now owns 35,319 shares of the retailer’s stock worth $31,311,000 after purchasing an additional 3,276 shares in the last quarter. Finally, Creekmur Asset Management LLC raised its position in Costco Wholesale by 9.3% in the third quarter. Creekmur Asset Management LLC now owns 1,838 shares of the retailer’s stock worth $1,630,000 after purchasing an additional 157 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Down 1.0 %

COST opened at $1,021.71 on Friday. The firm’s fifty day moving average is $980.62 and its two-hundred day moving average is $936.31. 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 firm has a market cap of $453.54 billion, a PE ratio of 59.99, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.45%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Wall Street Analysts Forecast Growth

COST has been the subject of several recent research reports. UBS Group increased their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. BMO Capital Markets upped their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Stifel Nicolaus upped their price objective on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Wells Fargo & Company upped their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Finally, Truist Financial upped their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

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.