Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $3.45 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,762 shares of the retailer’s stock after buying an additional 111 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Costco Wholesale were worth $3,447,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the third quarter worth $29,000. Synergy Investment Management LLC acquired a new stake in Costco Wholesale in the fourth quarter worth $31,000. NewSquare Capital LLC raised its holdings in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after purchasing an additional 25 shares during the period. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale in the fourth quarter worth $33,000. Finally, Collier Financial acquired a new stake in Costco Wholesale in the fourth quarter worth $35,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $1,026.62 on Friday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $989.20 and a two-hundred day simple moving average of $942.33. The stock has a market capitalization of $455.72 billion, a price-to-earnings ratio of 60.28, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($0.07). The business had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have weighed in on COST shares. Robert W. Baird increased their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. TD Cowen raised their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Morgan Stanley raised their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Wells Fargo & Company raised their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, Stifel Nicolaus raised their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.