Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Werba Rubin Papier Wealth Management

Werba Rubin Papier Wealth Management cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,065 shares of the retailer’s stock after selling 68 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Costco Wholesale were worth $976,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of COST. Laidlaw Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 6.6% in the 4th quarter. Laidlaw Wealth Management LLC now owns 1,606 shares of the retailer’s stock valued at $1,472,000 after buying an additional 99 shares in the last quarter. Lyell Wealth Management LP increased its holdings in shares of Costco Wholesale by 0.5% in the 4th quarter. Lyell Wealth Management LP now owns 27,179 shares of the retailer’s stock valued at $24,903,000 after purchasing an additional 147 shares in the last quarter. Joel Adams & Associates Inc. purchased a new position in shares of Costco Wholesale in the 4th quarter valued at about $299,000. Semus Wealth Partners LLC increased its holdings in shares of Costco Wholesale by 15.7% in the 4th quarter. Semus Wealth Partners LLC now owns 544 shares of the retailer’s stock valued at $498,000 after purchasing an additional 74 shares in the last quarter. Finally, Allied Investment Advisors LLC increased its holdings in Costco Wholesale by 42.7% during the 4th quarter. Allied Investment Advisors LLC now owns 1,697 shares of the retailer’s stock valued at $1,555,000 after acquiring an additional 508 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on COST shares. Truist Financial raised their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Barclays lifted their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Robert W. Baird lifted their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Wells Fargo & Company lifted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Finally, DA Davidson lifted their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Trading Down 1.5 %

NASDAQ COST opened at $1,056.03 on Wednesday. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23. The company has a 50 day moving average price of $972.43 and a 200 day moving average price of $927.29. 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 cap of $468.77 billion, a PE ratio of 62.01, a price-to-earnings-growth ratio of 6.37 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders 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 dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

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.