Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Investment Advisory Group LLC

Investment Advisory Group LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 486 shares of the retailer’s stock after acquiring an additional 50 shares during the quarter. Investment Advisory Group LLC’s holdings in Costco Wholesale were worth $445,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COST. Phoenix Wealth Advisors lifted its holdings in Costco Wholesale by 1.7% in the fourth quarter. Phoenix Wealth Advisors now owns 1,237 shares of the retailer’s stock worth $1,133,000 after purchasing an additional 21 shares during the period. Global Trust Asset Management LLC raised its holdings in Costco Wholesale by 0.4% during the fourth quarter. Global Trust Asset Management LLC now owns 2,737 shares of the retailer’s stock worth $2,508,000 after purchasing an additional 12 shares in the last quarter. Advisory Alpha LLC lifted its position in Costco Wholesale by 4.1% in the fourth quarter. Advisory Alpha LLC now owns 3,115 shares of the retailer’s stock worth $2,854,000 after purchasing an additional 124 shares during the period. West Branch Capital LLC boosted its stake in Costco Wholesale by 0.5% during the 4th quarter. West Branch Capital LLC now owns 2,999 shares of the retailer’s stock valued at $2,748,000 after purchasing an additional 15 shares in the last quarter. Finally, MBM Wealth Consultants LLC increased its position in shares of Costco Wholesale by 1.4% during the 4th quarter. MBM Wealth Consultants LLC now owns 1,720 shares of the retailer’s stock valued at $1,565,000 after purchasing an additional 24 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Down 0.3 %

COST opened at $942.16 on Friday. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25. The business has a 50 day moving average of $950.56 and a 200-day moving average of $903.04. The stock has a market capitalization of $418.22 billion, a price-to-earnings ratio of 55.32, a P/E/G ratio of 5.65 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on COST shares. Robert W. Baird upped their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. The Goldman Sachs Group raised their target price on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Jefferies Financial Group boosted 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 started coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Finally, Oppenheimer restated an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.