Commerzbank Aktiengesellschaft FI Boosts Position in Costco Wholesale Co. (NASDAQ:COST)

Commerzbank Aktiengesellschaft FI boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 16.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,065 shares of the retailer’s stock after purchasing an additional 1,008 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Costco Wholesale were worth $6,473,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in COST. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale in the third quarter worth approximately $29,000. Synergy Investment Management LLC purchased a new position in shares of Costco Wholesale during the 4th quarter worth $31,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale during the 4th quarter valued at $33,000. Collier Financial purchased a new stake in shares of Costco Wholesale in the 4th quarter worth $35,000. Finally, Barrett & Company Inc. raised its holdings in Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on COST shares. Loop Capital boosted their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Barclays boosted their price objective on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. BMO Capital Markets raised their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Raymond James upped their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Oppenheimer restated an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Trading Down 0.2 %

COST opened at $1,046.85 on Tuesday. The stock has a 50-day moving average of $984.45 and a 200 day moving average of $939.83. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.24. The firm has a market cap of $464.70 billion, a P/E ratio of 61.47, a P/E/G ratio of 6.15 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

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.