Forte Capital LLC ADV Has $2.27 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Forte Capital LLC ADV cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,480 shares of the retailer’s stock after selling 87 shares during the quarter. Forte Capital LLC ADV’s holdings in Costco Wholesale were worth $2,273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Citizens National Bank Trust Department increased its position in Costco Wholesale by 1.0% in the fourth quarter. Citizens National Bank Trust Department now owns 1,857 shares of the retailer’s stock worth $1,702,000 after purchasing an additional 19 shares during the period. Concurrent Investment Advisors LLC increased its position in Costco Wholesale by 42.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 12,508 shares of the retailer’s stock worth $11,460,000 after purchasing an additional 3,711 shares during the period. RW Investment Management LLC increased its position in Costco Wholesale by 21.3% in the fourth quarter. RW Investment Management LLC now owns 5,624 shares of the retailer’s stock worth $5,153,000 after purchasing an additional 989 shares during the period. WealthBridge Capital Management LLC increased its position in Costco Wholesale by 5.5% in the fourth quarter. WealthBridge Capital Management LLC now owns 785 shares of the retailer’s stock worth $719,000 after purchasing an additional 41 shares during the period. Finally, Wealth Alliance increased its position in Costco Wholesale by 6.2% in the fourth quarter. Wealth Alliance now owns 1,295 shares of the retailer’s stock worth $1,187,000 after purchasing an additional 76 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Stifel Nicolaus lifted their price objective on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. BMO Capital Markets lifted their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Jefferies Financial Group boosted their target price on 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, Barclays boosted their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Down 2.7 %

NASDAQ:COST opened at $1,034.22 on Friday. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $459.09 billion, a PE ratio of 60.73, a price-to-earnings-growth ratio of 6.32 and a beta of 0.84. The business’s 50-day simple moving average is $974.70 and its 200-day simple moving average is $928.97.

Costco Wholesale Dividend Announcement

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

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.