Roxbury Financial LLC Takes Position in Costco Wholesale Co. (NASDAQ:COST)

Roxbury Financial LLC acquired a new stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,222 shares of the retailer's stock, valued at approximately $1,189,000. Costco Wholesale makes up about 1.1% of Roxbury Financial LLC's investment portfolio, making the stock its 25th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Aveo Capital Partners LLC boosted its stake in shares of Costco Wholesale by 44.1% during the fourth quarter. Aveo Capital Partners LLC now owns 1,677 shares of the retailer's stock valued at $1,537,000 after purchasing an additional 513 shares in the last quarter. Howard Wealth Management LLC boosted its stake in Costco Wholesale by 154.7% in the fourth quarter. Howard Wealth Management LLC now owns 1,118 shares of the retailer's stock valued at $1,025,000 after acquiring an additional 679 shares in the last quarter. BXM Wealth LLC acquired a new stake in Costco Wholesale in the fourth quarter valued at approximately $1,213,000. Spinnaker Trust boosted its stake in Costco Wholesale by 0.5% in the fourth quarter. Spinnaker Trust now owns 7,532 shares of the retailer's stock valued at $6,901,000 after acquiring an additional 41 shares in the last quarter. Finally, Center for Financial Planning Inc. boosted its stake in Costco Wholesale by 5.5% in the fourth quarter. Center for Financial Planning Inc. now owns 328 shares of the retailer's stock valued at $301,000 after acquiring an additional 17 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

COST has been the subject of several recent analyst reports. Citigroup raised their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a "neutral" rating in a research note on Wednesday, December 18th. Barclays raised their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an "equal weight" rating in a research note on Friday, December 13th. Jefferies Financial Group raised their target price 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. UBS Group raised their target price on shares of 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, Oppenheimer reiterated an "outperform" rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,021.93.

Costco Wholesale Stock Performance

COST traded up $6.51 on Wednesday, reaching $1,062.54. The stock had a trading volume of 1,347,098 shares, compared to its average volume of 1,906,059. The business's 50-day moving average price is $972.43 and its two-hundred day moving average price is $927.29. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. The company has a market cap of $471.66 billion, a P/E ratio of 62.39, a price-to-earnings-growth ratio of 6.37 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.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale's dividend payout ratio (DPR) 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.