Forsta AP Fonden Grows Position in Costco Wholesale Co. (NASDAQ:COST)

Forsta AP Fonden boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,700 shares of the retailer's stock after acquiring an additional 7,800 shares during the quarter. Costco Wholesale accounts for approximately 0.8% of Forsta AP Fonden's investment portfolio, making the stock its 17th biggest holding. Forsta AP Fonden's holdings in Costco Wholesale were worth $113,343,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fermata Advisors LLC grew its holdings in Costco Wholesale by 0.6% in the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer's stock worth $1,745,000 after acquiring an additional 11 shares during the last quarter. Sculati Wealth Management LLC raised its position in shares of Costco Wholesale by 0.3% in the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer's stock worth $3,235,000 after acquiring an additional 11 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Costco Wholesale by 0.3% during the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer's stock valued at $3,398,000 after purchasing an additional 11 shares in the last quarter. Gill Capital Partners LLC grew its stake in Costco Wholesale by 0.9% in the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer's stock worth $1,164,000 after purchasing an additional 11 shares during the period. Finally, Scott Capital Advisors LLC grew its position in shares of Costco Wholesale by 0.8% in the 4th quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer's stock worth $1,247,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 68.48% of the company's stock.

Costco Wholesale Price Performance

COST opened at $979.01 on Friday. The company has a market capitalization of $434.58 billion, a price-to-earnings ratio of 57.49, a PEG ratio of 5.75 and a beta of 0.84. 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 Co. has a 12-month low of $691.50 and a 12-month high of $1,008.25. The business's fifty day simple moving average is $954.19 and its 200-day simple moving average is $906.54.

Costco Wholesale Dividend Announcement

The firm 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 $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. Costco Wholesale's payout ratio is presently 27.25%.

Analyst Ratings Changes

COST has been the subject of a number of analyst reports. Tigress Financial reaffirmed a "buy" rating and set a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. BMO Capital Markets upped 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 research note on Friday, December 13th. Truist Financial lifted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a "hold" rating in a report on Friday, December 13th. Raymond James increased their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Finally, Barclays upped their price objective 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. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,013.59.

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.