FCG Investment Co Buys 336 Shares of Costco Wholesale Co. (NASDAQ:COST)

FCG Investment Co grew its position in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 11.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,163 shares of the retailer’s stock after buying an additional 336 shares during the period. Costco Wholesale makes up about 1.8% of FCG Investment Co’s investment portfolio, making the stock its 14th largest holding. FCG Investment Co’s holdings in Costco Wholesale were worth $2,898,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale during the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale during the fourth quarter valued at approximately $33,000. Retirement Wealth Solutions LLC bought a new position in Costco Wholesale during the fourth quarter valued at approximately $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale in the 3rd quarter worth approximately $58,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in Costco Wholesale during the 4th quarter valued at $58,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. DA Davidson raised their price target on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Roth Mkm boosted their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Barclays increased their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. BMO Capital Markets boosted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Loop Capital increased their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Get Our Latest Research Report on COST

Costco Wholesale Stock Down 0.3 %

COST opened at $939.68 on Friday. The company has a market capitalization of $417.12 billion, a PE ratio of 55.18, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. The firm has a 50-day simple moving average of $950.92 and a two-hundred day simple moving average of $903.31. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

About Costco Wholesale

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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