Fourpath Capital Management LLC Increases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Fourpath Capital Management LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 204.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 669 shares of the retailer’s stock after purchasing an additional 449 shares during the quarter. Fourpath Capital Management LLC’s holdings in Costco Wholesale were worth $613,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in COST. AMF Tjanstepension AB purchased a new position in shares of Costco Wholesale in the 3rd quarter valued at approximately $42,896,000. Czech National Bank raised its holdings in Costco Wholesale by 6.9% in the third quarter. Czech National Bank now owns 90,312 shares of the retailer’s stock worth $80,063,000 after purchasing an additional 5,799 shares in the last quarter. Everpar Advisors LLC lifted its position in Costco Wholesale by 3.3% during the third quarter. Everpar Advisors LLC now owns 539 shares of the retailer’s stock valued at $478,000 after buying an additional 17 shares during the period. Security National Bank boosted its holdings in shares of Costco Wholesale by 4.4% during the 3rd quarter. Security National Bank now owns 824 shares of the retailer’s stock valued at $730,000 after buying an additional 35 shares in the last quarter. Finally, Bath Savings Trust Co grew its position in shares of Costco Wholesale by 0.4% in the 3rd quarter. Bath Savings Trust Co now owns 21,821 shares of the retailer’s stock worth $19,345,000 after buying an additional 81 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Up 1.6 %

Shares of COST stock opened at $1,021.86 on Wednesday. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,024.35. The company has a 50 day simple moving average of $955.41 and a two-hundred day simple moving average of $909.45. 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 stock has a market cap of $453.60 billion, a P/E ratio of 60.00, a P/E/G ratio of 5.84 and a beta of 0.84.

Costco Wholesale Dividend Announcement

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

Wall Street Analyst Weigh In

COST has been the subject of a number of recent research reports. Oppenheimer reissued an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Jefferies Financial Group lifted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. TD Cowen upped their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Stifel Nicolaus lifted their price objective on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Barclays increased their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale 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.