RBA Wealth Management LLC Reduces Stock Position in Costco Wholesale Co. (NASDAQ:COST)

RBA Wealth Management LLC decreased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 424 shares of the retailer’s stock after selling 21 shares during the quarter. RBA Wealth Management LLC’s holdings in Costco Wholesale were worth $388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in COST. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale during the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale during the fourth quarter valued at $33,000. FSC Wealth Advisors LLC bought a new stake in shares of Costco Wholesale in the fourth quarter valued at about $41,000. Retirement Wealth Solutions LLC purchased a new stake in Costco Wholesale in the fourth quarter worth about $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Costco Wholesale during the 3rd quarter worth about $58,000. 68.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COST has been the subject of several recent research reports. Tigress Financial restated a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a report on Thursday, October 17th. Barclays upped their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Raymond James lifted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Citigroup upped their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus lifted their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Price Performance

Shares of COST opened at $1,021.86 on Wednesday. The company has a market capitalization of $453.60 billion, a P/E ratio of 60.00, a P/E/G ratio of 5.84 and a beta of 0.84. The business’s 50-day moving average is $955.41 and its two-hundred day moving average is $909.45. 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 Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,024.35.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is presently 27.25%.

Costco Wholesale Company 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.