Cornell Pochily Investment Advisors Inc. Has $2.72 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Cornell Pochily Investment Advisors Inc. cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,965 shares of the retailer’s stock after selling 20 shares during the period. Costco Wholesale comprises approximately 0.9% of Cornell Pochily Investment Advisors Inc.’s investment portfolio, making the stock its 25th biggest position. Cornell Pochily Investment Advisors Inc.’s holdings in Costco Wholesale were worth $2,717,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of COST. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the 3rd quarter valued at approximately $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale in the fourth quarter worth $33,000. Retirement Wealth Solutions LLC acquired a new stake in Costco Wholesale in the fourth quarter valued at $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Costco Wholesale during the 3rd quarter worth $58,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in Costco Wholesale during the 4th quarter worth about $58,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Performance

Shares of COST opened at $958.67 on Wednesday. Costco Wholesale Co. has a 52 week low of $686.26 and a 52 week high of $1,008.25. 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 50 day moving average price of $952.49 and a two-hundred day moving average price of $904.81. The firm has a market capitalization of $425.55 billion, a P/E ratio of 56.29, a P/E/G ratio of 5.63 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently disclosed 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. This represents a $4.64 annualized dividend and a yield of 0.48%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on COST shares. TD Cowen increased their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Citigroup raised their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Jefferies Financial Group upped their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Evercore ISI increased their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

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.