Investment Advisory Group LLC Has $445,000 Position in Costco Wholesale Co. (NASDAQ:COST)

Investment Advisory Group LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 11.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 486 shares of the retailer’s stock after acquiring an additional 50 shares during the period. Investment Advisory Group LLC’s holdings in Costco Wholesale were worth $445,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Phoenix Wealth Advisors raised its position in Costco Wholesale by 1.7% in the 4th quarter. Phoenix Wealth Advisors now owns 1,237 shares of the retailer’s stock valued at $1,133,000 after purchasing an additional 21 shares during the last quarter. Global Trust Asset Management LLC boosted its stake in shares of Costco Wholesale by 0.4% in the 4th quarter. Global Trust Asset Management LLC now owns 2,737 shares of the retailer’s stock valued at $2,508,000 after purchasing an additional 12 shares during the last quarter. Advisory Alpha LLC boosted its stake in Costco Wholesale by 4.1% in the fourth quarter. Advisory Alpha LLC now owns 3,115 shares of the retailer’s stock valued at $2,854,000 after acquiring an additional 124 shares during the last quarter. West Branch Capital LLC grew its holdings in Costco Wholesale by 0.5% during the 4th quarter. West Branch Capital LLC now owns 2,999 shares of the retailer’s stock worth $2,748,000 after acquiring an additional 15 shares during the period. Finally, MBM Wealth Consultants LLC raised 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 acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Robert W. Baird lifted their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Truist Financial increased their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Raymond James increased their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research note on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $942.16 on Friday. 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 stock has a market capitalization of $418.22 billion, a price-to-earnings ratio of 55.32, a price-to-earnings-growth ratio of 5.65 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The company has a 50-day simple moving average of $950.56 and a two-hundred day simple moving average of $903.04.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

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.