Edgestream Partners L.P. Has $4.91 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Edgestream Partners L.P. boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 56.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,360 shares of the retailer’s stock after acquiring an additional 1,940 shares during the quarter. Edgestream Partners L.P.’s holdings in Costco Wholesale were worth $4,911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Costco Wholesale by 3.0% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,762 shares of the retailer’s stock valued at $3,447,000 after purchasing an additional 111 shares during the period. Ashton Thomas Private Wealth LLC boosted its position in shares of Costco Wholesale by 7.2% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 14,082 shares of the retailer’s stock valued at $12,903,000 after acquiring an additional 946 shares during the period. Strategic Family Wealth Counselors L.L.C. grew its stake in shares of Costco Wholesale by 22.3% in the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 707 shares of the retailer’s stock worth $648,000 after acquiring an additional 129 shares during the last quarter. Draper Asset Management LLC grew its stake in shares of Costco Wholesale by 1.5% in the fourth quarter. Draper Asset Management LLC now owns 2,327 shares of the retailer’s stock worth $2,225,000 after acquiring an additional 34 shares during the last quarter. Finally, Callan Family Office LLC increased its position in Costco Wholesale by 247.6% during the fourth quarter. Callan Family Office LLC now owns 12,854 shares of the retailer’s stock worth $11,778,000 after acquiring an additional 9,156 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 6.1 %

Shares of COST opened at $964.31 on Friday. The stock has a fifty day moving average price of $989.69 and a two-hundred day moving average price of $942.97. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company has a market cap of $428.06 billion, a price-to-earnings ratio of 56.62, a PEG ratio of 6.15 and a beta of 0.82. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The company had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.48%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.09%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. UBS Group lifted their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price target on Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Friday. Roth Mkm raised their price objective on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus boosted their price objective on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,029.00.

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.