M3 Advisory Group LLC Grows Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

M3 Advisory Group LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 994 shares of the retailer’s stock after purchasing an additional 17 shares during the period. M3 Advisory Group LLC’s holdings in Costco Wholesale were worth $911,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale during the third quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale during the fourth quarter valued at about $33,000. Retirement Wealth Solutions LLC purchased a new stake in Costco Wholesale during the fourth quarter valued at about $55,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in Costco Wholesale during the fourth quarter valued at about $58,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Costco Wholesale in the third quarter worth about $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $965.25 on Tuesday. 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 company has a market capitalization of $428.47 billion, a P/E ratio of 56.68, a PEG ratio of 5.63 and a beta of 0.84. The stock’s 50 day moving average is $951.57 and its 200 day moving average is $903.97. Costco Wholesale Co. has a twelve month low of $686.26 and a twelve month high of $1,008.25.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.48%. Costco Wholesale’s dividend payout ratio is 27.25%.

Analyst Upgrades and Downgrades

COST has been the topic of several analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Thursday, January 9th. Robert W. Baird lifted 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. DA Davidson lifted their price objective on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. Finally, Barclays lifted their price objective on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.