Capital Investment Advisory Services LLC Decreases Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Capital Investment Advisory Services LLC lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,562 shares of the retailer’s stock after selling 121 shares during the period. Capital Investment Advisory Services LLC’s holdings in Costco Wholesale were worth $2,348,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at approximately $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale in the fourth quarter worth $33,000. FSC Wealth Advisors LLC acquired a new stake in Costco Wholesale in the fourth quarter valued at $41,000. Retirement Wealth Solutions LLC bought a new position in Costco Wholesale during the 4th quarter valued at $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale during the 3rd quarter worth $58,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Trading Up 0.1 %

Shares of NASDAQ:COST opened at $979.88 on Friday. Costco Wholesale Co. has a twelve month low of $691.50 and a twelve month high of $1,008.25. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a market cap of $434.97 billion, a P/E ratio of 57.54, a P/E/G ratio of 5.75 and a beta of 0.84. The company has a 50 day moving average of $954.19 and a 200-day moving average of $906.54.

Costco Wholesale Dividend Announcement

The company also recently declared 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. This represents a $4.64 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on COST shares. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday, October 17th. Robert W. Baird boosted their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Loop Capital raised their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Evercore ISI boosted their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group lifted their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.