Fortis Capital Advisors LLC Has $3.14 Million Stock Holdings in Costco Wholesale Corporation $COST

Fortis Capital Advisors LLC trimmed its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 31.9% in the first quarter, HoldingsChannel.com reports. The fund owned 3,322 shares of the retailer’s stock after selling 1,556 shares during the quarter. Costco Wholesale comprises about 0.6% of Fortis Capital Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Fortis Capital Advisors LLC’s holdings in Costco Wholesale were worth $3,142,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Investment Management Corp VA ADV acquired a new stake in Costco Wholesale during the fourth quarter worth about $25,000. Aspect Partners LLC raised its position in shares of Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after buying an additional 11 shares in the last quarter. Capital A Wealth Management LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $58,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $59,000. Finally, Ransom Advisory Ltd bought a new position in Costco Wholesale in the first quarter valued at approximately $61,000. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on COST shares. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Wednesday, August 27th. Evercore ISI lowered their price target on Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating for the company in a report on Tuesday, June 17th. Loop Capital dropped their price objective on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating for the company in a research report on Thursday, May 29th. Truist Financial lifted their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a research report on Friday, May 30th. Finally, Wall Street Zen raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Seventeen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $1,056.67.

Costco Wholesale Price Performance

Shares of COST opened at $979.25 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. The stock has a market cap of $434.28 billion, a PE ratio of 55.54, a PEG ratio of 5.47 and a beta of 0.97. Costco Wholesale Corporation has a 12-month low of $867.16 and a 12-month high of $1,078.23. The business has a 50-day simple moving average of $961.73 and a two-hundred day simple moving average of $976.27.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $1.30 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 annualized dividend and a dividend yield of 0.5%. Costco Wholesale’s dividend payout ratio is currently 29.50%.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Yoram Rubanenko sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the transaction, the executive vice president directly owned 5,774 shares in the company, valued at approximately $5,629,419.04. This represents a 40.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan L. Decker sold 547 shares of Costco Wholesale stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total transaction of $536,060.00. Following the transaction, the director owned 11,531 shares in the company, valued at approximately $11,300,380. This trade represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,147 shares of company stock worth $5,031,130 in the last quarter. 0.18% of the stock is owned by insiders.

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.