Advisory Resource Group Raises Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Advisory Resource Group grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 33.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,665 shares of the retailer’s stock after purchasing an additional 421 shares during the quarter. Advisory Resource Group’s holdings in Costco Wholesale were worth $1,526,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale in the third quarter worth approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at $33,000. Barrett & Company Inc. raised its holdings in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares in the last quarter. FSC Wealth Advisors LLC acquired a new position in shares of Costco Wholesale during the fourth quarter worth $41,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Costco Wholesale during the fourth quarter worth $55,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on COST shares. Morgan Stanley lifted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Evercore ISI upped their price target on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a report on Thursday. Loop Capital raised their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Truist Financial upped their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Finally, Robert W. Baird boosted their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Trading Down 0.7 %

Shares of COST opened at $1,043.81 on Monday. The company has a market capitalization of $463.35 billion, a PE ratio of 61.29, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,063.00. The stock has a fifty day moving average of $961.27 and a two-hundred day moving average of $914.43.

Costco Wholesale Dividend Announcement

The firm 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 $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

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.