Capital Asset Advisory Services LLC Raises Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Capital Asset Advisory Services LLC lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,324 shares of the retailer’s stock after purchasing an additional 118 shares during the period. Capital Asset Advisory Services LLC’s holdings in Costco Wholesale were worth $3,963,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale in the 3rd quarter valued at $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $33,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter worth about $55,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $58,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Costco Wholesale in the third quarter valued at approximately $58,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on COST. Loop Capital upped their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Citigroup raised their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Tigress Financial reissued a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. Robert W. Baird raised 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, Stifel Nicolaus boosted their price objective on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Price Performance

COST stock opened at $965.25 on Tuesday. The company has a market cap of $428.47 billion, a price-to-earnings ratio of 56.68, a PEG ratio of 5.63 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. The firm has a 50 day moving average of $951.57 and a 200-day moving average of $903.97. Costco Wholesale Co. has a 12-month low of $686.26 and a 12-month high of $1,008.25.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. 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 payout ratio is 27.25%.

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.