Costco Wholesale Co. (NASDAQ:COST) Stake Boosted by Calamos Wealth Management LLC

Calamos Wealth Management LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,389 shares of the retailer’s stock after buying an additional 120 shares during the period. Calamos Wealth Management LLC’s holdings in Costco Wholesale were worth $6,770,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AMF Tjanstepension AB purchased a new position in Costco Wholesale during the 3rd quarter worth approximately $42,896,000. Czech National Bank grew its holdings in shares of Costco Wholesale by 6.9% during the third quarter. Czech National Bank now owns 90,312 shares of the retailer’s stock valued at $80,063,000 after buying an additional 5,799 shares in the last quarter. Everpar Advisors LLC raised its position in Costco Wholesale by 3.3% during the third quarter. Everpar Advisors LLC now owns 539 shares of the retailer’s stock valued at $478,000 after buying an additional 17 shares during the period. Security National Bank lifted its stake in Costco Wholesale by 4.4% in the 3rd quarter. Security National Bank now owns 824 shares of the retailer’s stock worth $730,000 after acquiring an additional 35 shares in the last quarter. Finally, Bath Savings Trust Co boosted its position in Costco Wholesale by 0.4% during the 3rd quarter. Bath Savings Trust Co now owns 21,821 shares of the retailer’s stock worth $19,345,000 after acquiring an additional 81 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Morgan Stanley upped their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. UBS Group increased their target price 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. Tigress Financial restated a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a report on Thursday, October 17th. Loop Capital lifted their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Barclays boosted their target price 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. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $1,021.86 on Wednesday. The firm has a market capitalization of $453.60 billion, a PE ratio of 60.00, a PEG ratio of 5.84 and a beta of 0.84. 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 1-year low of $697.27 and a 1-year high of $1,024.35. The business’s 50 day moving average is $955.41 and its 200-day moving average is $909.45.

Costco Wholesale Dividend Announcement

The firm also recently declared 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. This represents a $4.64 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.