Fusion Capital LLC Has $1.10 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Fusion Capital LLC cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,197 shares of the retailer’s stock after selling 22 shares during the period. Fusion Capital LLC’s holdings in Costco Wholesale were worth $1,097,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its stake in shares of Costco Wholesale by 74,796.3% in the fourth quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock worth $1,394,465,000 after purchasing an additional 1,519,861 shares during the last quarter. Strategic Financial Concepts LLC lifted its holdings in Costco Wholesale by 100,422.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after buying an additional 795,345 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Costco Wholesale by 55.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after buying an additional 382,367 shares during the last quarter. FMR LLC increased its stake in shares of Costco Wholesale by 3.6% in the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after buying an additional 324,973 shares during the period. Finally, Life Planning Partners Inc bought a new position in shares of Costco Wholesale during the fourth quarter worth about $157,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Down 1.0 %

NASDAQ COST opened at $1,021.71 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $453.54 billion, a P/E ratio of 59.99, a PEG ratio of 6.15 and a beta of 0.84. The business has a fifty day simple moving average of $980.62 and a 200 day simple moving average of $936.31. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.23.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.45%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Wall Street Analysts Forecast Growth

COST has been the topic of several analyst reports. Citigroup upped their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Evercore ISI reaffirmed a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. UBS Group lifted 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 note on Thursday, December 12th. Truist Financial upped their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, Morgan Stanley lifted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock 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.