Investment Advisory Services Inc. TX ADV Has $2.44 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Investment Advisory Services Inc. TX ADV increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,667 shares of the retailer’s stock after purchasing an additional 25 shares during the quarter. Investment Advisory Services Inc. TX ADV’s holdings in Costco Wholesale were worth $2,443,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Chaney Capital Management Inc. increased its position in Costco Wholesale by 9.8% in the 4th quarter. Chaney Capital Management Inc. now owns 1,121 shares of the retailer’s stock valued at $1,027,000 after acquiring an additional 100 shares in the last quarter. Empowered Funds LLC grew its stake 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 valued at $11,694,000 after purchasing an additional 240 shares during the last quarter. Moloney Securities Asset Management LLC increased its holdings in shares of Costco Wholesale by 3.7% in the fourth quarter. Moloney Securities Asset Management LLC now owns 2,209 shares of the retailer’s stock valued at $2,024,000 after purchasing an additional 79 shares in the last quarter. Advisory Resource Group raised its position in Costco Wholesale by 33.8% in the 4th quarter. Advisory Resource Group now owns 1,665 shares of the retailer’s stock worth $1,526,000 after purchasing an additional 421 shares during the last quarter. Finally, Seelaus Asset Management LLC lifted its holdings in Costco Wholesale by 36.6% during the 4th quarter. Seelaus Asset Management LLC now owns 1,262 shares of the retailer’s stock worth $1,156,000 after buying an additional 338 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Price Performance

Shares of COST stock 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 quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $961.27 and a 200 day simple moving average of $914.43. The company has a market cap of $463.35 billion, a P/E ratio of 61.29, a P/E/G ratio of 6.26 and a beta of 0.84.

Costco Wholesale Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Stifel Nicolaus upped their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday. Evercore ISI lifted their target price on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Thursday. Barclays increased their price target 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. Roth Mkm increased their target price on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Raymond James boosted their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale currently 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.