RWA Wealth Partners LLC Has $45.90 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

RWA Wealth Partners LLC lessened its position in Costco Wholesale Co. (NASDAQ:COST) by 16.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 50,097 shares of the retailer’s stock after selling 10,024 shares during the quarter. Costco Wholesale comprises 0.6% of RWA Wealth Partners LLC’s portfolio, making the stock its 28th biggest holding. RWA Wealth Partners LLC’s holdings in Costco Wholesale were worth $45,902,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Synergy Investment Management LLC acquired a new stake in shares of Costco Wholesale in the 4th quarter worth about $31,000. NewSquare Capital LLC lifted its stake in Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after purchasing an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the 4th quarter valued at $33,000. Collier Financial purchased a new position in shares of Costco Wholesale during the 4th quarter valued at $35,000. Finally, Barrett & Company Inc. increased its holdings in shares of Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

COST opened at $929.66 on Friday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24. The company has a market cap of $412.47 billion, a price-to-earnings ratio of 54.59, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82. 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 stock has a fifty day simple moving average of $988.07 and a two-hundred day simple moving average of $946.54.

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

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s payout ratio is 27.09%.

Insiders Place Their Bets

In related news, EVP Gary Millerchip sold 1,100 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $940.01, for a total value of $1,034,011.00. Following the transaction, the executive vice president now owns 11,165 shares in the company, valued at $10,495,211.65. The trade was a 8.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the transaction, the executive vice president now directly owns 6,987 shares of the company’s stock, valued at $6,445,926.72. This trade represents a 11.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,600 shares of company stock valued at $5,215,915. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

COST has been the subject of several research analyst reports. Truist Financial lifted their price objective on Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research note on Friday, March 7th. Evercore ISI upped their price objective on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Barclays lifted their target price on shares of Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. UBS Group raised their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. increased their target price on Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target of $1,029.00.

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.