Onefund LLC Increases Holdings in Costco Wholesale Co. (NASDAQ:COST)

Onefund LLC increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,189 shares of the retailer’s stock after purchasing an additional 26 shares during the quarter. Costco Wholesale comprises about 1.0% of Onefund LLC’s holdings, making the stock its 17th largest position. Onefund LLC’s holdings in Costco Wholesale were worth $1,089,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Proficio Capital Partners LLC grew its position in Costco Wholesale by 74,796.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock worth $1,394,465,000 after buying an additional 1,519,861 shares in the last quarter. Strategic Financial Concepts LLC grew its position in Costco Wholesale by 100,422.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after buying an additional 795,345 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Costco Wholesale by 55.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after buying an additional 382,367 shares in the last quarter. FMR LLC grew its position 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 in the last quarter. Finally, Life Planning Partners Inc purchased a new position in Costco Wholesale during the fourth quarter worth about $157,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Trading Up 2.6 %

COST opened at $1,048.61 on Friday. The stock has a market cap of $465.48 billion, a PE ratio of 61.57, a PEG ratio of 6.15 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. The business has a 50 day moving average of $982.51 and a 200-day moving average of $937.59. 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 company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s payout ratio is presently 27.25%.

Analysts Set New Price Targets

COST has been the subject of a number of research reports. Loop Capital upped their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Wells Fargo & Company upped their price objective 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. Robert W. Baird upped their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Stifel Nicolaus upped their price objective on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Telsey Advisory Group reiterated an “outperform” rating on shares of Costco Wholesale in a report on Friday, February 14th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

About Costco Wholesale

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.