Blackston Financial Advisory Group LLC Purchases New Position in Costco Wholesale Co. (NASDAQ:COST)

Blackston Financial Advisory Group LLC acquired a new stake in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 226 shares of the retailer’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. 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 purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at about $35,000. Barrett & Company Inc. grew its stake in shares of Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $41,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Up 0.0 %

COST stock opened at $1,035.03 on Friday. 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 1-year low of $697.27 and a 1-year high of $1,078.23. The business has a 50 day simple moving average of $975.61 and a two-hundred day simple moving average of $930.59. The company has a market capitalization of $459.45 billion, a price-to-earnings ratio of 60.78, a PEG ratio of 6.32 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Analyst Ratings Changes

A number of equities research analysts have commented on COST shares. TD Cowen lifted their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Truist Financial increased their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Raymond James boosted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Citigroup increased their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Finally, UBS Group boosted 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 report on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

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.