Robertson Stephens Wealth Management LLC Purchases 4,757 Shares of Costco Wholesale Co. (NASDAQ:COST)

Robertson Stephens Wealth Management LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 55.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,386 shares of the retailer’s stock after acquiring an additional 4,757 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Costco Wholesale were worth $12,265,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of COST. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. bought a new stake 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 worth $41,000. Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter worth $58,000. 68.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COST has been the subject of several recent research reports. Sanford C. Bernstein initiated coverage on Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective for the company. TD Cowen lifted their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Wells Fargo & Company lifted their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. 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, Evercore ISI lifted their price objective on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Thursday. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $1,050.99 on Friday. The business has a 50 day moving average of $958.04 and a 200 day moving average of $911.67. The company has a market capitalization of $466.53 billion, a price-to-earnings ratio of 61.71, a PEG ratio of 5.84 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,063.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. 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.