Bradley & Co. Private Wealth Management LLC Takes Position in Costco Wholesale Co. (NASDAQ:COST)

Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,787 shares of the retailer’s stock, valued at approximately $10,801,000. Costco Wholesale accounts for 6.7% of Bradley & Co. Private Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale in the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale during the fourth quarter worth about $33,000. Collier Financial purchased a new position in Costco Wholesale during the fourth quarter worth about $35,000. Barrett & Company Inc. lifted 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 purchasing an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new stake in Costco Wholesale in the 4th quarter valued at approximately $41,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Up 1.9 %

Shares of NASDAQ:COST opened at $1,055.66 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a market cap of $468.61 billion, a price-to-earnings ratio of 61.99, a PEG ratio of 6.15 and a beta of 0.84. The stock’s 50-day moving average price is $977.94 and its two-hundred day moving average price is $935.03. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on COST. UBS Group raised their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Robert W. Baird boosted their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. Finally, Telsey Advisory Group reiterated an “outperform” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price 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.