Costco Wholesale Co. (NASDAQ:COST) Position Lifted by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 266.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,149 shares of the retailer’s stock after acquiring an additional 9,560 shares during the quarter. Costco Wholesale comprises about 3.4% of B.O.S.S. Retirement Advisors LLC’s portfolio, making the stock its 4th biggest position. B.O.S.S. Retirement Advisors LLC’s holdings in Costco Wholesale were worth $12,048,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in COST. Renaissance Technologies LLC acquired a new stake in shares of Costco Wholesale in the 2nd quarter worth $4,202,000. Ascent Group LLC lifted its position in Costco Wholesale by 1.8% during the 2nd quarter. Ascent Group LLC now owns 11,861 shares of the retailer’s stock worth $10,082,000 after acquiring an additional 214 shares during the period. Buck Wealth Strategies LLC acquired a new stake in Costco Wholesale during the 2nd quarter worth about $300,000. Doheny Asset Management CA lifted its position in Costco Wholesale by 4.5% during the 2nd quarter. Doheny Asset Management CA now owns 4,221 shares of the retailer’s stock worth $3,588,000 after acquiring an additional 180 shares during the period. Finally, Copperwynd Financial LLC lifted its position in Costco Wholesale by 3.5% during the 2nd quarter. Copperwynd Financial LLC now owns 1,621 shares of the retailer’s stock worth $1,333,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Roth Mkm boosted their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Morgan Stanley boosted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Wells Fargo & Company boosted their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. UBS Group lifted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group lifted their price target on 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. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Down 0.3 %

COST stock opened at $939.68 on Monday. The stock has a market capitalization of $417.12 billion, a P/E ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. The company has a 50 day moving average price of $951.57 and a two-hundred day moving average price of $903.84.

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 paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.49%. Costco Wholesale’s payout ratio is currently 27.25%.

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.