Moser Wealth Advisors LLC Lowers Position in Costco Wholesale Co. (NASDAQ:COST)

Moser Wealth Advisors LLC decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,205 shares of the retailer’s stock after selling 55 shares during the period. Costco Wholesale comprises about 2.0% of Moser Wealth Advisors LLC’s holdings, making the stock its 13th largest holding. Moser Wealth Advisors LLC’s holdings in Costco Wholesale were worth $3,853,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sculati Wealth Management LLC lifted its position in Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after purchasing an additional 11 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Costco Wholesale by 0.3% during the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after buying an additional 11 shares during the period. Gill Capital Partners LLC boosted its stake in shares of Costco Wholesale by 0.9% in the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock worth $1,164,000 after buying an additional 11 shares during the last quarter. Scott Capital Advisors LLC grew its holdings in shares of Costco Wholesale by 0.8% in the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after acquiring an additional 11 shares during the period. Finally, Lantz Financial LLC increased its position in Costco Wholesale by 1.7% during the fourth quarter. Lantz Financial LLC now owns 645 shares of the retailer’s stock valued at $591,000 after acquiring an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on COST. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday, October 17th. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, February 3rd. Jefferies Financial Group boosted their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Roth Mkm raised their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Loop Capital boosted their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $1,043.81 on Monday. 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 $463.35 billion, a PE ratio of 61.29, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,063.00. The firm has a 50-day moving average price of $961.27 and a 200-day moving average price of $914.43.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.