Blodgett Wealth Advisors LLC Boosts Position in Costco Wholesale Co. (NASDAQ:COST)

Blodgett Wealth Advisors LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 4.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,363 shares of the retailer’s stock after acquiring an additional 175 shares during the period. Costco Wholesale makes up 3.1% of Blodgett Wealth Advisors LLC’s holdings, making the stock its 7th biggest holding. Blodgett Wealth Advisors LLC’s holdings in Costco Wholesale were worth $3,997,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $33,000. FSC Wealth Advisors LLC bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $41,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth approximately $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of a number of recent research reports. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday. Raymond James increased their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Tigress Financial reissued a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Citigroup raised their price target 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. 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 report on Tuesday, December 10th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Up 1.6 %

Shares of NASDAQ:COST opened at $1,021.86 on Wednesday. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,024.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company has a market cap of $453.60 billion, a PE ratio of 60.00, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84. The firm has a 50 day simple moving average of $955.41 and a 200 day simple moving average of $909.45.

Costco Wholesale Dividend Announcement

The firm 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 dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. Costco Wholesale’s dividend 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.