Fourpath Capital Management LLC Grows Stock Position in Costco Wholesale Co. (NASDAQ:COST)

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

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Optas LLC boosted its holdings in Costco Wholesale by 13.9% in the 4th quarter. Optas LLC now owns 2,744 shares of the retailer’s stock worth $2,515,000 after buying an additional 335 shares during the period. GDS Wealth Management lifted its position in shares of Costco Wholesale by 405.2% during the fourth quarter. GDS Wealth Management now owns 5,810 shares of the retailer’s stock worth $5,324,000 after acquiring an additional 4,660 shares in the last quarter. Holistic Planning LLC boosted its holdings in shares of Costco Wholesale by 13.1% in the fourth quarter. Holistic Planning LLC now owns 259 shares of the retailer’s stock worth $237,000 after acquiring an additional 30 shares during the period. Financial Life Planners bought a new position in shares of Costco Wholesale in the fourth quarter worth $2,259,000. Finally, Prudent Investors Network Inc. grew its position in shares of Costco Wholesale by 105.8% in the fourth quarter. Prudent Investors Network Inc. now owns 1,795 shares of the retailer’s stock valued at $1,645,000 after purchasing an additional 923 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 1.6 %

NASDAQ:COST opened at $1,021.86 on Wednesday. The firm has a market capitalization 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. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $955.41 and a 200 day moving average of $909.45. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,024.35.

Costco Wholesale Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. DA Davidson raised their target price on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Jefferies Financial Group raised their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Wells Fargo & Company raised their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Barclays upped their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Company 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.