Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Bank OZK

Bank OZK lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,647 shares of the retailer’s stock after purchasing an additional 145 shares during the period. Costco Wholesale makes up 1.4% of Bank OZK’s investment portfolio, making the stock its 16th largest holding. Bank OZK’s holdings in Costco Wholesale were worth $3,342,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Maple Capital Management Inc. lifted its stake in shares of Costco Wholesale by 0.4% in the fourth quarter. Maple Capital Management Inc. now owns 61,887 shares of the retailer’s stock valued at $56,705,000 after purchasing an additional 245 shares during the period. SVB Wealth LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $24,712,000. Tower Bridge Advisors lifted its stake in shares of Costco Wholesale by 1.2% in the fourth quarter. Tower Bridge Advisors now owns 9,873 shares of the retailer’s stock valued at $9,046,000 after purchasing an additional 113 shares during the period. Illumine Investment Management LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $3,975,000. Finally, Tufton Capital Management lifted its stake in shares of Costco Wholesale by 1.0% in the fourth quarter. Tufton Capital Management now owns 2,604 shares of the retailer’s stock valued at $2,386,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on COST shares. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Morgan Stanley lifted 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. Barclays lifted their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. BMO Capital Markets lifted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Truist Financial lifted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $1,048.61 on Friday. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The firm has a 50 day moving average price of $982.51 and a 200 day moving average price of $937.59. The company has a market cap of $465.48 billion, a price-to-earnings ratio of 61.57, a PEG ratio of 6.15 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors 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 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s payout ratio is 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.