Cobblestone Capital Advisors LLC NY Acquires 19 Shares of Costco Wholesale Co. (NASDAQ:COST)

Cobblestone Capital Advisors LLC NY increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,880 shares of the retailer’s stock after buying an additional 19 shares during the quarter. Costco Wholesale makes up 1.1% of Cobblestone Capital Advisors LLC NY’s investment portfolio, making the stock its 28th largest holding. Cobblestone Capital Advisors LLC NY’s holdings in Costco Wholesale were worth $20,048,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. AMF Tjanstepension AB bought a new position in shares of Costco Wholesale in the 3rd quarter valued at about $42,896,000. Swedbank AB raised its position in shares of Costco Wholesale by 1.5% in the 3rd 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 during the period. Oldfather Financial Services LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth approximately $200,000. HM Payson & Co. raised its holdings in shares of Costco Wholesale by 5.5% in the third quarter. HM Payson & Co. now owns 3,303 shares of the retailer’s stock valued at $2,928,000 after purchasing an additional 172 shares during the last quarter. Finally, Palumbo Wealth Management LLC grew its stake in shares of Costco Wholesale by 1.3% in the third quarter. Palumbo Wealth Management LLC now owns 5,668 shares of the retailer’s stock valued at $5,025,000 after buying an additional 70 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $1,048.61 on Friday. The stock has a market cap of $465.48 billion, a P/E ratio of 61.57, a PEG ratio of 6.15 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. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The business’s 50-day moving average price is $982.51 and its two-hundred day moving average price is $937.59.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s payout ratio is currently 27.25%.

Analyst Ratings Changes

COST has been the subject of a number of recent research reports. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Raymond James boosted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. TD Cowen upped their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Robert W. Baird increased their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

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.