Blossom Wealth Management Grows Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Blossom Wealth Management increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 731 shares of the retailer’s stock after purchasing an additional 52 shares during the quarter. Costco Wholesale accounts for 1.3% of Blossom Wealth Management’s portfolio, making the stock its 21st largest position. Blossom Wealth Management’s holdings in Costco Wholesale were worth $669,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in COST. Dohj LLC boosted its stake in shares of Costco Wholesale by 3.1% in the 4th quarter. Dohj LLC now owns 3,577 shares of the retailer’s stock worth $3,277,000 after buying an additional 106 shares during the last quarter. Western Financial Corp CA grew its stake in shares of Costco Wholesale by 9.2% during the 4th quarter. Western Financial Corp CA now owns 2,543 shares of the retailer’s stock valued at $2,330,000 after purchasing an additional 214 shares during the period. Marietta Wealth Management LLC increased its position in shares of Costco Wholesale by 1.5% during the 4th quarter. Marietta Wealth Management LLC now owns 14,330 shares of the retailer’s stock valued at $13,130,000 after purchasing an additional 217 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its stake in shares of Costco Wholesale by 13.9% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 13,050 shares of the retailer’s stock worth $11,957,000 after purchasing an additional 1,590 shares during the period. Finally, Litman Gregory Wealth Management LLC purchased a new position in shares of Costco Wholesale in the fourth quarter worth approximately $200,000. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the subject of a number of research reports. Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Robert W. Baird raised their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Truist Financial boosted their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. DA Davidson upped their price target on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, 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 report on Wednesday, December 18th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $979.88 on Monday. 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 Co. has a twelve month low of $691.50 and a twelve month high of $1,008.25. The company’s 50-day moving average price is $954.51 and its 200-day moving average price is $907.85. The company has a market cap of $434.97 billion, a PE ratio of 57.54, a price-to-earnings-growth ratio of 5.75 and a beta of 0.84.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 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.