RBA Wealth Management LLC Sells 21 Shares of Costco Wholesale Co. (NASDAQ:COST)

RBA Wealth Management LLC decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 424 shares of the retailer’s stock after selling 21 shares during the period. RBA Wealth Management LLC’s holdings in Costco Wholesale were worth $388,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale during the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale during the 4th quarter worth $33,000. FSC Wealth Advisors LLC bought a new stake in shares of Costco Wholesale during the 4th quarter valued at $41,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter worth $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Costco Wholesale in the 3rd quarter worth $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 1.6 %

Shares of COST opened at $1,021.86 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,024.35. The company has a market cap of $453.60 billion, a PE ratio of 60.00, a P/E/G ratio of 5.84 and a beta of 0.84. The business has a fifty day moving average of $955.41 and a 200 day moving average of $909.45.

Costco Wholesale Dividend Announcement

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

Analysts Set New Price Targets

COST has been the subject of a number of analyst reports. Robert W. Baird upped their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Jefferies Financial Group raised their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. DA Davidson increased their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. TD Cowen lifted their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research note on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,013.59.

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.