Rappaport Reiches Capital Management LLC Boosts Holdings in Costco Wholesale Co. (NASDAQ:COST)

Rappaport Reiches Capital Management LLC boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 957 shares of the retailer’s stock after buying an additional 36 shares during the quarter. Rappaport Reiches Capital Management LLC’s holdings in Costco Wholesale were worth $877,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of COST. RFG Advisory LLC boosted its stake in shares of Costco Wholesale by 0.7% during the fourth quarter. RFG Advisory LLC now owns 6,619 shares of the retailer’s stock valued at $6,065,000 after purchasing an additional 44 shares during the period. TABR Capital Management LLC purchased a new stake in Costco Wholesale in the fourth quarter worth about $421,000. Silver Lake Advisory LLC lifted its stake in Costco Wholesale by 7.6% in the fourth quarter. Silver Lake Advisory LLC now owns 384 shares of the retailer’s stock worth $352,000 after acquiring an additional 27 shares during the period. Motive Wealth Advisors lifted its stake in Costco Wholesale by 13.7% in the fourth quarter. Motive Wealth Advisors now owns 466 shares of the retailer’s stock worth $427,000 after acquiring an additional 56 shares during the period. Finally, MFA Wealth Services purchased a new stake in Costco Wholesale in the fourth quarter worth about $847,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. DA Davidson upped their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Morgan Stanley boosted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Roth Mkm boosted their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price for the company. Finally, Citigroup boosted their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Performance

COST opened at $939.68 on Friday. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $417.12 billion, a PE ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84. The firm has a 50 day moving average of $950.92 and a two-hundred day moving average of $903.31.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. Costco Wholesale’s payout ratio is 27.25%.

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.