Requisite Capital Management LLC Trims Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Requisite Capital Management LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 16.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 506 shares of the retailer’s stock after selling 100 shares during the period. Requisite Capital Management LLC’s holdings in Costco Wholesale were worth $464,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of COST. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at about $55,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at about $58,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter valued at about $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on COST. Barclays raised their target price on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Robert W. Baird lifted their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Citigroup lifted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Up 2.7 %

Shares of NASDAQ COST opened at $965.25 on Tuesday. The firm has a market cap of $428.47 billion, a price-to-earnings ratio of 56.68, a PEG ratio of 5.63 and a beta of 0.84. 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 $686.26 and a 52-week high of $1,008.25. The business’s 50 day moving average is $951.57 and its two-hundred day moving average is $903.97.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is 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.