Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Boosted by Laidlaw Wealth Management LLC

Laidlaw Wealth Management LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,606 shares of the retailer’s stock after acquiring an additional 99 shares during the period. Laidlaw Wealth Management LLC’s holdings in Costco Wholesale were worth $1,472,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale during the third quarter worth about $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the 4th quarter valued at about $33,000. Collier Financial bought a new position in Costco Wholesale in the 4th quarter valued at about $35,000. Barrett & Company Inc. grew its position in Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after buying an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new position in Costco Wholesale in the 4th quarter valued at about $41,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on COST shares. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Wells Fargo & Company increased their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Roth Mkm raised their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Barclays raised their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Finally, BMO Capital Markets raised their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Down 1.5 %

NASDAQ:COST opened at $1,056.03 on Wednesday. The stock’s 50 day moving average price is $972.43 and its 200 day moving average price is $927.29. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23. The company has a market capitalization of $468.77 billion, a P/E ratio of 62.01, a P/E/G ratio of 6.37 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s dividend payout ratio is currently 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.