Red Door Wealth Management LLC Has $12.70 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Red Door Wealth Management LLC raised its position in Costco Wholesale Co. (NASDAQ:COST) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,857 shares of the retailer’s stock after purchasing an additional 678 shares during the period. Costco Wholesale accounts for 1.9% of Red Door Wealth Management LLC’s investment portfolio, making the stock its 9th biggest position. Red Door Wealth Management LLC’s holdings in Costco Wholesale were worth $12,697,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the 3rd quarter valued at $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the 4th quarter valued at $33,000. Retirement Wealth Solutions LLC bought a new position in Costco Wholesale in the 4th quarter valued at $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter worth $58,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Costco Wholesale during the 4th quarter worth $58,000. 68.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on COST. Jefferies Financial Group lifted their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Loop Capital lifted their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Roth Mkm lifted their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Thursday, January 9th. Finally, BMO Capital Markets lifted their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Trading Down 0.3 %

Shares of COST opened at $939.68 on Friday. The firm’s 50-day moving average price is $950.92 and its 200-day moving average price is $903.31. The firm has a market capitalization of $417.12 billion, a price-to-earnings ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

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.