Fortress Financial Solutions LLC Acquires New Holdings in Costco Wholesale Co. (NASDAQ:COST)

Fortress Financial Solutions LLC acquired a new position in Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 522 shares of the retailer’s stock, valued at approximately $478,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COST. Charles Schwab Investment Management Inc. lifted its holdings in shares of Costco Wholesale by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after buying an additional 32,074 shares during the period. Hudson Value Partners LLC lifted its holdings in Costco Wholesale by 7.6% in the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after acquiring an additional 568 shares during the last quarter. Nwam LLC bought a new position in shares of Costco Wholesale during the 3rd quarter valued at about $20,056,000. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Costco Wholesale in the 4th quarter worth approximately $8,430,000. Finally, GAMMA Investing LLC raised its holdings in shares of Costco Wholesale by 15.0% in the 4th quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock worth $7,020,000 after purchasing an additional 1,001 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.3 %

Costco Wholesale stock opened at $1,058.34 on Wednesday. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,066.00. The company’s fifty day moving average price is $963.01 and its two-hundred day moving average price is $916.76. The company has a market capitalization of $469.80 billion, a price-to-earnings ratio of 62.15, a PEG ratio of 6.26 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Analyst Ratings Changes

COST has been the subject of a number of recent research reports. Sanford C. Bernstein assumed coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective for the company. DA Davidson upped their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Roth Mkm lifted their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Jefferies Financial Group lifted their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

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.