FFG Partners LLC Has $21.84 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

FFG Partners LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,839 shares of the retailer’s stock after acquiring an additional 25 shares during the quarter. Costco Wholesale accounts for about 7.7% of FFG Partners LLC’s investment portfolio, making the stock its 3rd biggest position. FFG Partners LLC’s holdings in Costco Wholesale were worth $21,843,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its stake in shares of Costco Wholesale by 113,947.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after purchasing an additional 7,364,453 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in Costco Wholesale by 100,422.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after purchasing an additional 795,345 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Costco Wholesale by 55.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after purchasing an additional 382,367 shares during the last quarter. Pathway Financial Advisers LLC boosted its position in Costco Wholesale by 75,894.4% in the third quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after buying an additional 338,489 shares in the last quarter. Finally, FMR LLC grew its stake in Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after buying an additional 324,973 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on COST. Truist Financial lifted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Oppenheimer restated an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Roth Mkm lifted their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Down 0.7 %

Shares of 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 company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market cap 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 firm has a 50 day moving average price of $959.83 and a 200 day moving average price of $912.64.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) 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.