REDW Wealth LLC Reduces Holdings in Costco Wholesale Co. (NASDAQ:COST)

REDW Wealth LLC trimmed its holdings in Costco Wholesale Co. (NASDAQ:COST) by 72.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Swedbank AB boosted its stake in shares of Costco Wholesale by 1.5% in the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after purchasing an additional 6,495 shares in the last quarter. Holistic Planning LLC purchased a new position in shares of Costco Wholesale during the 3rd quarter worth approximately $203,000. United Bank lifted its position in Costco Wholesale by 7.5% during the third quarter. United Bank now owns 5,962 shares of the retailer’s stock valued at $5,285,000 after buying an additional 416 shares during the period. Rovin Capital UT ADV purchased a new position in Costco Wholesale during the 3rd quarter valued at about $269,000. Finally, Assetmark Inc. boosted its position in shares of Costco Wholesale by 13.7% in the 3rd quarter. Assetmark Inc. now owns 39,631 shares of the retailer’s stock worth $35,134,000 after purchasing an additional 4,785 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on COST shares. Jefferies Financial Group boosted their price target on 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. Roth Mkm lifted their target price on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Citigroup raised their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. DA Davidson upped their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Finally, Loop Capital reduced their target price on Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating on the stock in a report on Friday. Ten investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,029.00.

Costco Wholesale Trading Down 6.1 %

Shares of Costco Wholesale stock opened at $964.31 on Monday. 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 $1,078.24. The firm has a market cap of $428.06 billion, a price-to-earnings ratio of 56.62, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82. The company’s 50-day simple moving average is $989.69 and its 200-day simple moving average is $943.88.

Costco Wholesale (NASDAQ:COST) last announced 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 net margin of 2.93% and a return on equity of 32.31%. The company had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. As a group, equities research analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Friday, February 7th. 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.