Prairie Wealth Advisors Inc. Grows Holdings in Costco Wholesale Co. (NASDAQ:COST)

Prairie Wealth Advisors Inc. grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,024 shares of the retailer’s stock after buying an additional 82 shares during the period. Prairie Wealth Advisors Inc.’s holdings in Costco Wholesale were worth $938,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew its position 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 valued at $8,380,648,000 after acquiring an additional 162,191 shares during the last quarter. FMR LLC boosted 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 purchasing an additional 324,973 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Costco Wholesale by 113,947.9% during the 3rd 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. Jennison Associates LLC raised its position in Costco Wholesale by 3.8% in the 3rd quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock worth $3,013,394,000 after purchasing an additional 125,444 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Costco Wholesale by 2.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,075,065 shares of the retailer’s stock worth $2,726,107,000 after purchasing an additional 70,561 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Down 0.7 %

Shares of NASDAQ COST opened at $1,043.81 on Friday. The company has a market cap of $463.35 billion, a PE ratio of 61.29, a P/E/G ratio of 5.84 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. The firm’s 50 day moving average price is $959.83 and its 200-day moving average price is $912.64. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,063.00.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s dividend payout ratio is 27.25%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on COST shares. TD Cowen raised their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Truist Financial lifted their price objective on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. UBS Group upped their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Citigroup lifted their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, Stifel Nicolaus upped their price objective on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Company 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.