China Universal Asset Management Co. Ltd. Has $11.96 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

China Universal Asset Management Co. Ltd. increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,050 shares of the retailer’s stock after purchasing an additional 1,590 shares during the period. Costco Wholesale comprises about 1.1% of China Universal Asset Management Co. Ltd.’s investment portfolio, making the stock its 17th largest position. China Universal Asset Management Co. Ltd.’s holdings in Costco Wholesale were worth $11,957,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC raised its stake in Costco Wholesale by 113,947.9% during the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after acquiring an additional 7,364,453 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Costco Wholesale by 55.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after purchasing an additional 382,367 shares in the last quarter. Pathway Financial Advisers LLC lifted its holdings in Costco Wholesale by 75,894.4% during the 3rd 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 last quarter. FMR LLC boosted its position in Costco Wholesale by 3.6% in the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after buying an additional 324,973 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Costco Wholesale by 1.7% during the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock worth $8,380,648,000 after buying an additional 162,191 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 0.1 %

NASDAQ:COST opened at $979.88 on Monday. The stock has a market cap of $434.97 billion, a price-to-earnings ratio of 57.54, a PEG ratio of 5.75 and a beta of 0.84. 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 price of $954.51 and a two-hundred day moving average price of $907.85. Costco Wholesale Co. has a 1 year low of $691.50 and a 1 year high of $1,008.25.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.47%. Costco Wholesale’s payout ratio is 27.25%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Raymond James increased 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. Morgan Stanley lifted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Evercore ISI increased their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Roth Mkm raised their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

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.