REDW Wealth LLC Decreases Stake in Costco Wholesale Co. (NASDAQ:COST)

REDW Wealth LLC lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 72.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 296 shares of the retailer’s stock after selling 768 shares during the period. REDW Wealth LLC’s holdings in Costco Wholesale were worth $271,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the third quarter worth $29,000. Synergy Investment Management LLC acquired a new stake in Costco Wholesale during the fourth quarter worth about $31,000. NewSquare Capital LLC lifted its holdings in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after acquiring an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $33,000. Finally, Collier Financial bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on COST. Citigroup raised their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Robert W. Baird raised their target price on Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research report on Friday. DA Davidson raised their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Raymond James lifted their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Monday, March 3rd. Ten research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,029.00.

Costco Wholesale Trading Down 6.1 %

Shares of NASDAQ:COST opened at $964.31 on Monday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24. The firm has a fifty day moving average of $989.69 and a two-hundred day moving average of $943.88. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $428.06 billion, a P/E ratio of 56.62, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82.

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

Costco Wholesale Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. Costco Wholesale’s dividend payout ratio is currently 27.09%.

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.