Chaney Capital Management Inc. Grows Stake in Costco Wholesale Co. (NASDAQ:COST)

Chaney Capital Management Inc. boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,121 shares of the retailer’s stock after purchasing an additional 100 shares during the quarter. Costco Wholesale makes up 0.5% of Chaney Capital Management Inc.’s 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 quarter.

Several other large investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale during the fourth quarter worth $33,000. Barrett & Company Inc. raised its holdings in shares of Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares during the last quarter. FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at $41,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at $55,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

COST opened at $1,043.81 on Monday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,063.00. 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 $463.35 billion, a price-to-earnings ratio of 61.29, a PEG ratio of 6.26 and a beta of 0.84. The company has a fifty day simple moving average of $961.27 and a 200 day simple moving average of $914.43.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given 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 payout ratio is 27.25%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. UBS Group boosted 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. Evercore ISI upped their price objective on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a research note on Thursday. Raymond James lifted their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Robert W. Baird increased their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley lifted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” 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, Costco Wholesale has an average rating of “Moderate Buy” and an average 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.