Onefund LLC Has $1.09 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Onefund LLC raised its position in Costco Wholesale Co. (NASDAQ:COST) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,189 shares of the retailer’s stock after buying an additional 26 shares during the quarter. Costco Wholesale accounts for 1.0% of Onefund LLC’s holdings, making the stock its 17th biggest holding. Onefund LLC’s holdings in Costco Wholesale were worth $1,089,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COST. AMF Tjanstepension AB acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth $42,896,000. Swedbank AB grew its holdings in shares of Costco Wholesale by 1.5% during the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after purchasing an additional 6,495 shares in the last quarter. Oldfather Financial Services LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth $200,000. HM Payson & Co. grew its holdings in shares of Costco Wholesale by 5.5% during the 3rd quarter. HM Payson & Co. now owns 3,303 shares of the retailer’s stock worth $2,928,000 after purchasing an additional 172 shares in the last quarter. Finally, Palumbo Wealth Management LLC grew its holdings in shares of Costco Wholesale by 1.3% during the 3rd quarter. Palumbo Wealth Management LLC now owns 5,668 shares of the retailer’s stock worth $5,025,000 after purchasing an additional 70 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on COST shares. BMO Capital Markets upped 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. Barclays increased their target price on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Morgan Stanley increased their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, Raymond James raised their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $1,048.61 on Friday. The business’s fifty day simple moving average is $982.51 and its 200 day simple moving average is $937.59. The firm has a market capitalization of $465.48 billion, a P/E ratio of 61.57, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.23. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

About Costco Wholesale

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.