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

Fusion Capital LLC lowered its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,197 shares of the retailer’s stock after selling 22 shares during the quarter. Fusion Capital LLC’s holdings in Costco Wholesale were worth $1,097,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of COST. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale in the fourth quarter valued at approximately $33,000. Collier Financial acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $35,000. Barrett & Company Inc. boosted its stake in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $41,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on COST shares. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Costco Wholesale in a report on Friday, February 14th. DA Davidson raised their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Raymond James upped their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Evercore ISI restated a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Finally, BMO Capital Markets upped their target price on 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. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Down 1.0 %

COST stock opened at $1,021.71 on Friday. The stock has a market capitalization of $453.54 billion, a P/E ratio of 59.99, a price-to-earnings-growth ratio of 6.15 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. The firm has a 50-day moving average price of $980.62 and a 200-day moving average price 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

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.