Costco Wholesale Co. (NASDAQ:COST) is Beese Fulmer Investment Management Inc.’s 7th Largest Position

Beese Fulmer Investment Management Inc. lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,801 shares of the retailer’s stock after selling 287 shares during the period. Costco Wholesale comprises approximately 2.4% of Beese Fulmer Investment Management Inc.’s investment portfolio, making the stock its 7th largest holding. Beese Fulmer Investment Management Inc.’s holdings in Costco Wholesale were worth $28,222,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Fairvoy Private Wealth LLC acquired a new position in Costco Wholesale in the 4th quarter worth about $4,055,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Costco Wholesale by 5.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 56,072 shares of the retailer’s stock valued at $51,377,000 after buying an additional 2,919 shares in the last quarter. Telligent Fund LP acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $4,123,000. RNC Capital Management LLC lifted its position in shares of Costco Wholesale by 6.2% during the 4th quarter. RNC Capital Management LLC now owns 3,265 shares of the retailer’s stock valued at $2,992,000 after buying an additional 192 shares in the last quarter. Finally, Tandem Financial LLC acquired a new stake in Costco Wholesale in the 4th quarter valued at $202,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ:COST opened at $1,043.81 on Friday. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,063.00. The stock’s fifty day moving average is $959.83 and its two-hundred day moving average is $912.64. The company has a market capitalization of $463.35 billion, a P/E ratio of 61.29, a P/E/G ratio of 5.84 and a beta of 0.84. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company raised their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Citigroup boosted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Barclays raised their target price 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. Finally, BMO Capital Markets boosted their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.