Fulton Breakefield Broenniman LLC Increases Position in Costco Wholesale Co. (NASDAQ:COST)

Fulton Breakefield Broenniman LLC lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,288 shares of the retailer’s stock after acquiring an additional 59 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Costco Wholesale were worth $2,097,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Fermata Advisors LLC lifted its stake in Costco Wholesale by 0.6% in the third quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after purchasing an additional 11 shares during the last quarter. Sculati Wealth Management LLC increased its holdings in shares of Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after buying an additional 11 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Costco Wholesale by 0.3% in the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after buying an additional 11 shares during the period. Gill Capital Partners LLC lifted its stake in shares of Costco Wholesale by 0.9% in the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after acquiring an additional 11 shares during the last quarter. Finally, Scott Capital Advisors LLC grew its position in Costco Wholesale by 0.8% during the 4th quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after acquiring an additional 11 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Up 0.6 %

Shares of Costco Wholesale stock opened at $964.02 on Thursday. 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 twelve month low of $690.80 and a twelve month high of $1,008.25. The company has a market cap of $427.93 billion, a price-to-earnings ratio of 56.61, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. The company’s 50 day moving average is $953.06 and its 200 day moving average is $905.62.

Costco Wholesale Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on COST shares. Wells Fargo & Company increased their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Evercore ISI increased their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. BMO Capital Markets boosted their price objective 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. Raymond James increased their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Morgan Stanley raised their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Get Our Latest Research Report on Costco Wholesale

Costco Wholesale Profile

(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.

Further Reading

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTFree Report).

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

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.