Wealth Advisory Solutions LLC Grows Holdings in Costco Wholesale Co. (NASDAQ:COST)

Wealth Advisory Solutions LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 438 shares of the retailer’s stock after buying an additional 38 shares during the quarter. Wealth Advisory Solutions LLC’s holdings in Costco Wholesale were worth $401,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale during the 3rd quarter worth approximately $29,000. Synergy Investment Management LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $31,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale during the fourth quarter worth $33,000. Collier Financial bought a new position in Costco Wholesale during the fourth quarter worth $35,000. Finally, Barrett & Company Inc. boosted its holdings in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 1.0 %

Shares of Costco Wholesale stock opened at $1,036.87 on Wednesday. The business has a fifty day simple moving average of $986.01 and a 200-day simple moving average of $941.00. The firm has a market cap of $460.27 billion, a price-to-earnings ratio of 60.88, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.24. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. TD Cowen raised their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research note on Monday. Citigroup increased their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Robert W. Baird boosted their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.