Marshall Investment Management LLC Purchases Shares of 79 Costco Wholesale Co. (NASDAQ:COST)

Marshall Investment Management LLC purchased a new stake in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 79 shares of the retailer’s stock, valued at approximately $70,000.

Several other large investors have also recently bought and sold shares of the stock. AMF Tjanstepension AB bought a new position in shares of Costco Wholesale during the third quarter worth approximately $42,896,000. Swedbank AB increased its holdings in shares of Costco Wholesale by 1.5% during the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after purchasing an additional 6,495 shares during the period. Global Trust Asset Management LLC increased its holdings in shares of Costco Wholesale by 4.2% during the third quarter. Global Trust Asset Management LLC now owns 2,725 shares of the retailer’s stock worth $2,416,000 after purchasing an additional 111 shares during the period. DT Investment Partners LLC increased its holdings in shares of Costco Wholesale by 4.9% during the third quarter. DT Investment Partners LLC now owns 1,638 shares of the retailer’s stock worth $1,452,000 after purchasing an additional 77 shares during the period. Finally, Woodard & Co. Asset Management Group Inc. ADV increased its holdings in shares of Costco Wholesale by 7.5% during the third quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 2,183 shares of the retailer’s stock worth $1,935,000 after purchasing an additional 153 shares during the period. 68.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COST has been the topic of several recent research reports. TD Cowen raised their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Barclays increased their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Truist Financial increased their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, Citigroup raised their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Up 0.0 %

Shares of NASDAQ COST opened at $1,035.03 on Friday. The stock has a market capitalization of $459.45 billion, a P/E ratio of 60.78, a P/E/G ratio of 6.15 and a beta of 0.84. The company has a 50-day moving average price of $975.61 and a 200-day moving average price of $931.39. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

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.