Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Lessened by Roberts Wealth Advisors LLC

Roberts Wealth Advisors LLC lessened its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,739 shares of the retailer’s stock after selling 79 shares during the period. Costco Wholesale accounts for approximately 1.6% of Roberts Wealth Advisors LLC’s holdings, making the stock its 16th biggest position. Roberts Wealth Advisors LLC’s holdings in Costco Wholesale were worth $5,300,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $29,000. Retirement Wealth Solutions LLC acquired a new stake in Costco Wholesale in the fourth quarter worth $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale in the third quarter valued at $58,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in Costco Wholesale in the fourth quarter valued at $58,000. Finally, Christopher J. Hasenberg Inc grew its position in shares of Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $944.70 on Thursday. The stock has a market cap of $419.35 billion, a PE ratio of 55.47, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. 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 business has a fifty day simple moving average of $950.34 and a 200-day simple moving average of $902.74.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on COST. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Thursday, January 9th. The Goldman Sachs Group boosted their price objective on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Raymond James raised their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Roth Mkm boosted their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Barclays raised their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.