Costco Wholesale Co. (NASDAQ:COST) is Bank Pictet & Cie Europe AG’s 8th Largest Position

Bank Pictet & Cie Europe AG raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 45.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 117,254 shares of the retailer’s stock after buying an additional 36,384 shares during the period. Costco Wholesale accounts for about 2.4% of Bank Pictet & Cie Europe AG’s investment portfolio, making the stock its 8th biggest holding. Bank Pictet & Cie Europe AG’s holdings in Costco Wholesale were worth $107,436,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of COST. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale in the 3rd quarter valued at approximately $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale during the 4th quarter worth approximately $33,000. Collier Financial purchased a new position in Costco Wholesale during the 4th quarter worth approximately $35,000. Barrett & Company Inc. raised its position in Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after buying an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC purchased a new position in Costco Wholesale during the 4th quarter worth approximately $41,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $1,071.85 on Friday. The company’s fifty day moving average price is $967.91 and its 200 day moving average price is $920.57. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The stock has a market capitalization of $475.79 billion, a P/E ratio of 62.94, a P/E/G ratio of 6.26 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.43%. Costco Wholesale’s payout ratio is currently 27.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Roth Mkm raised their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. UBS Group raised their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Loop Capital raised their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Oppenheimer reissued an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Finally, TD Cowen raised their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

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.