Figure 8 Investment Strategies LLC Invests $4.06 Million in Costco Wholesale Co. (NASDAQ:COST)

Figure 8 Investment Strategies LLC acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,434 shares of the retailer’s stock, valued at approximately $4,063,000. Costco Wholesale accounts for about 4.0% of Figure 8 Investment Strategies LLC’s portfolio, making the stock its 6th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AMF Tjanstepension AB bought a new position in Costco Wholesale during the 3rd quarter valued at about $42,896,000. Wedge Capital Management L L P NC bought a new position in Costco Wholesale during the 3rd quarter valued at about $213,000. Creative Planning lifted its holdings in Costco Wholesale by 5.5% during the 3rd quarter. Creative Planning now owns 224,169 shares of the retailer’s stock valued at $194,245,000 after purchasing an additional 11,678 shares during the last quarter. Swedbank AB lifted its holdings in Costco Wholesale by 1.5% during the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after purchasing an additional 6,495 shares during the last quarter. Finally, Riversedge Advisors LLC lifted its holdings in Costco Wholesale by 1.4% during the 3rd quarter. Riversedge Advisors LLC now owns 870 shares of the retailer’s stock valued at $771,000 after purchasing an additional 12 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Down 0.5 %

Shares of NASDAQ COST opened at $1,071.85 on Friday. The stock has a market cap of $475.79 billion, a P/E ratio of 62.94, a P/E/G ratio of 6.26 and a beta of 0.84. The firm has a 50 day moving average price of $967.91 and a 200 day moving average price of $920.57. 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 Co. has a 52-week low of $697.27 and a 52-week high of $1,078.23.

Costco Wholesale Announces Dividend

The business 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 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Wall Street Analysts Forecast Growth

COST has been the subject of several analyst reports. Loop Capital lifted their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. TD Cowen raised their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Jefferies Financial Group raised their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. 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 price objective for the company. Finally, DA Davidson raised their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Company 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.