Telligent Fund LP Purchases New Holdings in Costco Wholesale Co. (NASDAQ:COST)

Telligent Fund LP acquired a new stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,500 shares of the retailer's stock, valued at approximately $4,123,000. Costco Wholesale makes up about 3.9% of Telligent Fund LP's portfolio, making the stock its 8th biggest position.

Several other institutional investors have also added to or reduced their stakes in the business. AMF Tjanstepension AB purchased a new stake in Costco Wholesale during the 3rd quarter valued at $42,896,000. Tobam increased its position in Costco Wholesale by 22.8% during the third quarter. Tobam now owns 453 shares of the retailer's stock valued at $402,000 after acquiring an additional 84 shares during the last quarter. Pinnacle Bancorp Inc. lifted its holdings in Costco Wholesale by 12.6% in the third quarter. Pinnacle Bancorp Inc. now owns 5,639 shares of the retailer's stock valued at $4,999,000 after acquiring an additional 631 shares during the period. Contravisory Investment Management Inc. boosted its position in Costco Wholesale by 0.5% in the third quarter. Contravisory Investment Management Inc. now owns 11,116 shares of the retailer's stock worth $9,855,000 after purchasing an additional 57 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC purchased a new position in Costco Wholesale in the third quarter worth about $1,915,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Tigress Financial reiterated a "buy" rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday, October 17th. Wells Fargo & Company raised their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an "equal weight" rating in a report on Friday, December 13th. DA Davidson boosted 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. Robert W. Baird raised their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,021.93.

Costco Wholesale Price Performance

NASDAQ:COST traded down $3.58 during trading hours on Tuesday, reaching $1,058.34. The stock had a trading volume of 1,747,487 shares, compared to its average volume of 1,952,775. The stock has a market capitalization of $469.80 billion, a PE ratio of 62.15, a PEG ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,066.00. The company has a 50 day moving average price of $963.01 and a two-hundred day moving average price of $916.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend 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.