Fonville Wealth Management LLC Purchases 23 Shares of Costco Wholesale Co. (NASDAQ:COST)

Fonville Wealth Management LLC lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 492 shares of the retailer’s stock after purchasing an additional 23 shares during the quarter. Fonville Wealth Management LLC’s holdings in Costco Wholesale were worth $451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after purchasing an additional 32,074 shares during the last quarter. Hudson Value Partners LLC boosted its position in Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after purchasing an additional 568 shares in the last quarter. Nwam LLC acquired a new position in shares of Costco Wholesale during the third quarter valued at approximately $20,056,000. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $8,430,000. Finally, GAMMA Investing LLC raised its holdings in shares of Costco Wholesale by 15.0% during the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after acquiring an additional 1,001 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 1.7 %

COST opened at $1,061.92 on Tuesday. The firm has a market cap of $471.39 billion, a P/E ratio of 62.36, a P/E/G ratio of 6.26 and a beta of 0.84. The business has a fifty day simple moving average of $961.27 and a 200-day simple moving average of $915.02. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,063.00. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. BMO Capital Markets increased their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Robert W. Baird increased their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, DA Davidson increased their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.