Costco Wholesale Co. (NASDAQ:COST) is Hosking Partners LLP’s 8th Largest Position

Hosking Partners LLP boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,069 shares of the retailer’s stock after acquiring an additional 1,437 shares during the quarter. Costco Wholesale accounts for approximately 2.9% of Hosking Partners LLP’s holdings, making the stock its 8th largest position. Hosking Partners LLP’s holdings in Costco Wholesale were worth $74,281,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale during the third quarter valued at $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale during the 4th quarter valued at about $33,000. Collier Financial purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at about $35,000. Barrett & Company Inc. grew its stake in shares of 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 acquiring an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $41,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on COST. Roth Mkm raised their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. TD Cowen raised their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Raymond James upped their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Evercore ISI reissued a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Finally, DA Davidson upped their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $1,021.71 on Friday. The firm has a market cap of $453.54 billion, a price-to-earnings ratio of 59.99, a P/E/G ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. 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 fifty day moving average price of $980.62 and a 200 day moving average price of $936.31.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders 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 dividend yield of 0.45%. Costco Wholesale’s dividend payout ratio (DPR) is 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.