FSM Wealth Advisors LLC Acquires 39 Shares of Costco Wholesale Co. (NASDAQ:COST)

FSM Wealth Advisors LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,148 shares of the retailer’s stock after acquiring an additional 39 shares during the period. Costco Wholesale accounts for 0.7% of FSM Wealth Advisors LLC’s holdings, making the stock its 29th biggest position. FSM Wealth Advisors LLC’s holdings in Costco Wholesale were worth $2,895,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. HHM Wealth Advisors LLC raised its position in shares of Costco Wholesale by 3.5% in the fourth quarter. HHM Wealth Advisors LLC now owns 467 shares of the retailer’s stock valued at $428,000 after purchasing an additional 16 shares during the period. CFM Wealth Partners LLC grew its stake in Costco Wholesale by 3.8% in the 4th quarter. CFM Wealth Partners LLC now owns 11,241 shares of the retailer’s stock valued at $10,300,000 after buying an additional 411 shares during the last quarter. Horst & Graben Wealth Management LLC raised its holdings in Costco Wholesale by 1.3% in the 4th quarter. Horst & Graben Wealth Management LLC now owns 1,801 shares of the retailer’s stock valued at $1,650,000 after acquiring an additional 23 shares during the period. CGC Financial Services LLC lifted its position in Costco Wholesale by 16.6% during the fourth quarter. CGC Financial Services LLC now owns 387 shares of the retailer’s stock worth $355,000 after acquiring an additional 55 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its holdings in shares of Costco Wholesale by 7.5% during the fourth quarter. Valley National Advisers Inc. now owns 2,442 shares of the retailer’s stock worth $2,236,000 after acquiring an additional 171 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup lifted their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price for the company. TD Cowen raised their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. UBS Group boosted their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group raised their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Up 2.6 %

COST opened at $1,005.83 on Tuesday. The firm has a 50-day simple moving average of $954.51 and a two-hundred day simple moving average of $908.28. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,009.61. 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 market capitalization of $446.49 billion, a PE ratio of 59.06, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.46%. 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.