Fortis Group Advisors LLC Buys 174 Shares of Costco Wholesale Co. (NASDAQ:COST)

Fortis Group Advisors LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,701 shares of the retailer’s stock after buying an additional 174 shares during the quarter. Fortis Group Advisors LLC’s holdings in Costco Wholesale were worth $4,308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empower Advisory Group LLC lifted its position in shares of Costco Wholesale by 4.8% during the 4th quarter. Empower Advisory Group LLC now owns 176,765 shares of the retailer’s stock worth $161,964,000 after buying an additional 8,124 shares in the last quarter. Wealth Quarterback LLC increased its position in shares of Costco Wholesale by 10.0% during the fourth quarter. Wealth Quarterback LLC now owns 2,187 shares of the retailer’s stock valued at $2,004,000 after acquiring an additional 198 shares during the last quarter. Highview Capital Management LLC DE lifted its holdings in Costco Wholesale by 0.8% during the fourth quarter. Highview Capital Management LLC DE now owns 4,813 shares of the retailer’s stock worth $4,410,000 after acquiring an additional 40 shares during the period. Woodard & Co. Asset Management Group Inc. ADV boosted its position in Costco Wholesale by 1.7% in the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 2,221 shares of the retailer’s stock worth $2,035,000 after purchasing an additional 38 shares during the last quarter. Finally, Retirement Income Solutions Inc grew its stake in Costco Wholesale by 3.5% in the 4th quarter. Retirement Income Solutions Inc now owns 380 shares of the retailer’s stock valued at $348,000 after purchasing an additional 13 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on COST. Morgan Stanley lifted their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Truist Financial lifted their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Wells Fargo & Company raised their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. BMO Capital Markets lifted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, TD Cowen increased their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Down 0.5 %

COST opened at $1,071.85 on Tuesday. 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 business’s fifty day simple moving average is $969.49 and its 200 day simple moving average is $923.85. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23. The stock has a market cap of $475.79 billion, a PE ratio of 62.94, a P/E/G ratio of 6.26 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.43%. Costco Wholesale’s payout ratio is 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.