Norden Group LLC Boosts Position in Costco Wholesale Co. (NASDAQ:COST)

Norden Group LLC boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,160 shares of the retailer’s stock after purchasing an additional 251 shares during the quarter. Norden Group LLC’s holdings in Costco Wholesale were worth $2,896,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Swedbank AB lifted its position in shares of Costco Wholesale by 1.5% in the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after acquiring an additional 6,495 shares in the last quarter. Stephens Inc. AR lifted its position in shares of Costco Wholesale by 3.6% in the third quarter. Stephens Inc. AR now owns 15,397 shares of the retailer’s stock valued at $13,650,000 after acquiring an additional 538 shares in the last quarter. Lebenthal Global Advisors LLC lifted its position in shares of Costco Wholesale by 19.5% in the third quarter. Lebenthal Global Advisors LLC now owns 1,209 shares of the retailer’s stock valued at $1,072,000 after acquiring an additional 197 shares in the last quarter. Values Added Financial LLC lifted its position in shares of Costco Wholesale by 4.7% in the third quarter. Values Added Financial LLC now owns 1,312 shares of the retailer’s stock valued at $1,163,000 after acquiring an additional 59 shares in the last quarter. Finally, Fonville Wealth Management LLC lifted its position in shares of Costco Wholesale by 6.1% in the third quarter. Fonville Wealth Management LLC now owns 469 shares of the retailer’s stock valued at $416,000 after acquiring an additional 27 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on COST. Stifel Nicolaus upped their price objective on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Roth Mkm upped their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Truist Financial increased their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Finally, Jefferies Financial Group increased their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Price Performance

COST stock opened at $1,048.61 on Friday. 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 Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The firm has a market cap of $465.48 billion, a P/E ratio of 61.57, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The stock has a 50-day simple moving average of $982.51 and a 200-day simple moving average of $938.10.

Costco Wholesale Dividend Announcement

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