Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.8% during the fourth quarter, Holdings Channel reports. The fund owned 4,324 shares of the retailer’s stock after acquiring an additional 118 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Costco Wholesale were worth $3,963,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. raised its stake in Costco Wholesale by 3.1% during the second quarter. Sunbelt Securities Inc. now owns 6,172 shares of the retailer’s stock worth $5,246,000 after purchasing an additional 186 shares during the period. Invst LLC increased its holdings in shares of Costco Wholesale by 6.5% during the 2nd quarter. Invst LLC now owns 3,581 shares of the retailer’s stock worth $3,028,000 after buying an additional 219 shares during the last quarter. Gateway Wealth Partners LLC raised its position in shares of Costco Wholesale by 5.8% in the 2nd quarter. Gateway Wealth Partners LLC now owns 802 shares of the retailer’s stock worth $682,000 after buying an additional 44 shares during the period. Kimelman & Baird LLC purchased a new stake in Costco Wholesale during the second quarter valued at about $55,508,000. Finally, HWG Holdings LP acquired a new stake in Costco Wholesale during the second quarter worth about $4,728,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on COST shares. Barclays lifted their price objective on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Loop Capital boosted 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 research note on Friday, December 13th. UBS Group raised their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Sanford C. Bernstein assumed coverage on Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target for the company. Finally, DA Davidson raised their price objective on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Up 2.7 %

Shares of NASDAQ:COST opened at $965.25 on Tuesday. Costco Wholesale Co. has a 1-year low of $686.26 and a 1-year high of $1,008.25. The company’s fifty day moving average is $951.57 and its two-hundred day moving average is $903.97. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market capitalization of $428.47 billion, a price-to-earnings ratio of 56.68, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84.

Costco Wholesale Dividend Announcement

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 issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. Costco Wholesale’s dividend payout ratio 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.