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

B.O.S.S. Retirement Advisors LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 266.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,149 shares of the retailer’s stock after acquiring an additional 9,560 shares during the quarter. Costco Wholesale makes up 3.4% of B.O.S.S. Retirement Advisors LLC’s investment portfolio, making the stock its 4th largest 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 (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $33,000. Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $55,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Costco Wholesale in the 3rd quarter valued at approximately $58,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $58,000. 68.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

COST has been the subject of a number of research analyst reports. Truist Financial raised their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research note on Thursday, January 9th. Barclays raised their target price 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. Citigroup lifted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Finally, BMO Capital Markets lifted their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Trading Down 0.3 %

COST opened at $939.68 on Monday. The stock’s fifty day moving average is $951.57 and its two-hundred day moving average is $903.84. The company 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. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Costco Wholesale 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.