Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 14.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,674 shares of the retailer’s stock after acquiring an additional 217 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Costco Wholesale were worth $662,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Costco Wholesale by 3.6% in the 1st quarter. BlackRock Inc. now owns 29,726,284 shares of the retailer’s stock valued at $10,477,920,000 after purchasing an additional 1,042,052 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Costco Wholesale by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 6,801,320 shares of the retailer’s stock valued at $2,390,245,000 after buying an additional 154,594 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Costco Wholesale by 0.3% during the 1st quarter. Northern Trust Corp now owns 6,036,880 shares of the retailer’s stock valued at $2,127,880,000 after buying an additional 18,941 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Costco Wholesale by 4.3% during the 2nd quarter. Alliancebernstein L.P. now owns 4,642,253 shares of the retailer’s stock valued at $1,836,800,000 after buying an additional 189,488 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its stake in shares of Costco Wholesale by 0.3% in the 1st quarter. Nuveen Asset Management LLC now owns 4,235,223 shares of the retailer’s stock valued at $1,492,831,000 after acquiring an additional 13,096 shares in the last quarter. Institutional investors and hedge funds own 66.96% of the company’s stock.
A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Costco Wholesale from $364.00 to $399.00 and gave the company a “hold” rating in a research note on Thursday, September 2nd. Oppenheimer raised their price objective on Costco Wholesale from $480.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, September 2nd. DA Davidson lifted their price target on Costco Wholesale from $350.00 to $390.00 and gave the stock a “neutral” rating in a research report on Thursday, August 5th. Stifel Nicolaus lifted their price target on Costco Wholesale from $420.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, July 23rd. Finally, Zacks Investment Research raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $490.00 price target on the stock in a research report on Monday, September 6th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $441.32.
COST stock opened at $458.41 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.00 and a quick ratio of 0.50. The stock has a market capitalization of $202.65 billion, a P/E ratio of 43.08, a P/E/G ratio of 4.35 and a beta of 0.66. The business has a 50-day moving average of $438.72 and a 200-day moving average of $392.44. Costco Wholesale Co. has a fifty-two week low of $307.00 and a fifty-two week high of $469.77.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 13th. Stockholders of record on Friday, July 30th were given a $0.79 dividend. The ex-dividend date of this dividend was Thursday, July 29th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.69%. Costco Wholesale’s payout ratio is 35.71%.
Costco Wholesale Company Profile
Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D.
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