Advisory Resource Group Buys 421 Shares of Costco Wholesale Co. (NASDAQ:COST)

Advisory Resource Group boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 33.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,665 shares of the retailer’s stock after buying an additional 421 shares during the quarter. Advisory Resource Group’s holdings in Costco Wholesale were worth $1,526,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in COST. Sculati Wealth Management LLC increased its position in shares of Costco Wholesale by 0.3% in the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after acquiring an additional 11 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Costco Wholesale by 0.3% in the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after purchasing an additional 11 shares during the period. Gill Capital Partners LLC raised its stake in shares of Costco Wholesale by 0.9% in the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock worth $1,164,000 after purchasing an additional 11 shares during the last quarter. Scott Capital Advisors LLC raised its stake in shares of Costco Wholesale by 0.8% in the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after purchasing an additional 11 shares during the last quarter. Finally, Lantz Financial LLC increased its holdings in Costco Wholesale by 1.7% in the 4th quarter. Lantz Financial LLC now owns 645 shares of the retailer’s stock worth $591,000 after buying an additional 11 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Trading Down 0.7 %

COST opened at $1,043.81 on Monday. The business’s 50 day moving average price is $961.27 and its 200 day moving average price is $914.43. 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 $463.35 billion, a PE ratio of 61.29, a P/E/G ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,063.00.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Wall Street Analyst Weigh In

Several brokerages have commented on COST. Oppenheimer restated an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, February 3rd. Evercore ISI boosted their price objective on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a report on Thursday. Wells Fargo & Company raised their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, UBS Group boosted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.