Boston Financial Mangement LLC Has $38.88 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Boston Financial Mangement LLC lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,427 shares of the retailer's stock after selling 599 shares during the quarter. Costco Wholesale accounts for about 1.2% of Boston Financial Mangement LLC's investment portfolio, making the stock its 22nd largest position. Boston Financial Mangement LLC's holdings in Costco Wholesale were worth $38,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale during the third quarter valued at $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale during the 4th quarter valued at about $33,000. Collier Financial bought a new position in Costco Wholesale during the 4th quarter valued at about $35,000. Barrett & Company Inc. boosted its position in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock valued at $39,000 after buying an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 68.48% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on COST. Citigroup boosted their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. Oppenheimer restated an "outperform" rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. DA Davidson lifted their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a report on Thursday, February 6th. Telsey Advisory Group reiterated an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, February 3rd. Finally, Robert W. Baird raised their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Nine equities research 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 a consensus rating of "Moderate Buy" and a consensus price target of $1,021.93.

Costco Wholesale Stock Up 0.0 %

NASDAQ:COST traded up $0.20 on Friday, hitting $1,035.03. 1,800,629 shares of the company's stock were exchanged, compared to its average volume of 1,886,853. The company has a market cap of $459.45 billion, a P/E ratio of 60.78, a price-to-earnings-growth ratio of 6.32 and a beta of 0.84. The firm has a 50-day moving average price of $974.70 and a 200-day moving average price of $928.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.45%. Costco Wholesale's dividend payout ratio (DPR) 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.