Fortitude Family Office LLC Has $2.87 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Fortitude Family Office LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 48.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,130 shares of the retailer’s stock after buying an additional 1,020 shares during the period. Costco Wholesale comprises approximately 1.0% of Fortitude Family Office LLC’s portfolio, making the stock its 24th largest position. Fortitude Family Office LLC’s holdings in Costco Wholesale were worth $2,868,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Quest Partners LLC raised its position in shares of Costco Wholesale by 1,300.0% during the second quarter. Quest Partners LLC now owns 308 shares of the retailer’s stock worth $262,000 after acquiring an additional 286 shares during the last quarter. Bahl & Gaynor Inc. increased its position in Costco Wholesale by 1.4% during the 2nd quarter. Bahl & Gaynor Inc. now owns 7,402 shares of the retailer’s stock valued at $6,292,000 after purchasing an additional 104 shares during the period. American Century Companies Inc. raised its holdings in Costco Wholesale by 2.2% during the 2nd quarter. American Century Companies Inc. now owns 1,394,060 shares of the retailer’s stock worth $1,184,937,000 after purchasing an additional 30,359 shares during the last quarter. Campbell Wealth Management acquired a new position in shares of Costco Wholesale in the 2nd quarter worth approximately $237,000. Finally, Y.D. More Investments Ltd boosted its stake in shares of Costco Wholesale by 12.6% in the 2nd quarter. Y.D. More Investments Ltd now owns 1,026 shares of the retailer’s stock valued at $872,000 after purchasing an additional 115 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Up 0.7 %

COST opened at $927.37 on Friday. Costco Wholesale Co. has a fifty-two week low of $658.26 and a fifty-two week high of $1,008.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The company’s 50-day moving average is $946.73 and its 200 day moving average is $897.99. The firm has a market capitalization of $411.66 billion, a P/E ratio of 54.46, a PEG ratio of 6.02 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $1.16 dividend. The ex-dividend date was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. Costco Wholesale’s payout ratio is presently 27.25%.

Analysts Set New Price Targets

COST has been the topic of several recent analyst reports. Raymond James boosted their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Sanford C. Bernstein began coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price for the company. Jefferies Financial Group boosted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Insider Activity

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the transaction, the executive vice president now owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. The trade was a 16.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Company 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.