Costco Wholesale Co. (NASDAQ:COST) Position Boosted by Chaney Capital Management Inc.

Chaney Capital Management Inc. boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,121 shares of the retailer’s stock after buying an additional 100 shares during the quarter. Costco Wholesale makes up about 0.5% of Chaney Capital Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Chaney Capital Management Inc.’s holdings in Costco Wholesale were worth $1,027,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in shares of Costco Wholesale by 1.9% during the fourth quarter. Empowered Funds LLC now owns 12,763 shares of the retailer’s stock worth $11,694,000 after purchasing an additional 240 shares during the period. Moloney Securities Asset Management LLC grew its position in shares of Costco Wholesale by 3.7% during the 4th quarter. Moloney Securities Asset Management LLC now owns 2,209 shares of the retailer’s stock valued at $2,024,000 after buying an additional 79 shares during the last quarter. Advisory Resource Group raised its stake in Costco Wholesale by 33.8% during the fourth quarter. Advisory Resource Group now owns 1,665 shares of the retailer’s stock worth $1,526,000 after acquiring an additional 421 shares during the period. Seelaus Asset Management LLC lifted its holdings in Costco Wholesale by 36.6% in the fourth quarter. Seelaus Asset Management LLC now owns 1,262 shares of the retailer’s stock worth $1,156,000 after acquiring an additional 338 shares during the last quarter. Finally, Counterweight Ventures LLC boosted its stake in Costco Wholesale by 0.8% in the fourth quarter. Counterweight Ventures LLC now owns 4,085 shares of the retailer’s stock valued at $3,743,000 after acquiring an additional 31 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ COST opened at $1,043.81 on Monday. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,063.00. The stock’s 50-day moving average price is $961.27 and its two-hundred day moving average price is $914.43. The company has a market cap of $463.35 billion, a PE ratio of 61.29, a PEG ratio of 6.26 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Evercore ISI raised their price target on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Thursday. Morgan Stanley raised their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Wells Fargo & Company upped their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Roth Mkm lifted their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Citigroup upped their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

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.