Raleigh Capital Management Inc. Has $415,000 Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Raleigh Capital Management Inc. lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 11.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 453 shares of the retailer’s stock after purchasing an additional 47 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Costco Wholesale were worth $415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in COST. International Assets Investment Management LLC grew its stake in shares of 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 valued at $6,534,464,000 after purchasing an additional 7,364,453 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Costco Wholesale by 55.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after buying an additional 382,367 shares during the last quarter. Pathway Financial Advisers LLC boosted its position in Costco Wholesale by 75,894.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after buying an additional 338,489 shares during the last quarter. FMR LLC increased its stake in shares of Costco Wholesale by 3.6% in the 3rd 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 during the period. Finally, Geode Capital Management LLC raised its position in shares of 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 acquiring an additional 162,191 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $942.16 on Friday. The firm has a market cap of $418.22 billion, a P/E ratio of 55.32, a price-to-earnings-growth ratio of 5.65 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $950.56 and its 200-day moving average is $903.04. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25.

Costco Wholesale Announces Dividend

The company also recently disclosed 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. This represents a $4.64 annualized dividend and a yield of 0.49%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. TD Cowen raised their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. 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 note on Friday, December 13th. Raymond James upped their target price on shares of 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 raised their price target on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.