ORBA Wealth Advisors L.L.C. Cuts Position in Costco Wholesale Co. (NASDAQ:COST)

ORBA Wealth Advisors L.L.C. reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,465 shares of the retailer’s stock after selling 10 shares during the period. ORBA Wealth Advisors L.L.C.’s holdings in Costco Wholesale were worth $1,342,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Sabal Trust CO boosted its position in Costco Wholesale by 53.7% during the fourth quarter. Sabal Trust CO now owns 561 shares of the retailer’s stock valued at $514,000 after buying an additional 196 shares during the period. Bryn Mawr Capital Management LLC raised its holdings in shares of Costco Wholesale by 32.4% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 7,929 shares of the retailer’s stock valued at $7,265,000 after acquiring an additional 1,942 shares in the last quarter. National Pension Service lifted its position in shares of Costco Wholesale by 1.2% in the 4th quarter. National Pension Service now owns 822,633 shares of the retailer’s stock worth $753,754,000 after purchasing an additional 9,947 shares during the period. Fjell Capital LLC bought a new stake in Costco Wholesale during the 4th quarter valued at approximately $1,735,000. Finally, DMKC Advisory Services LLC bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $255,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

COST opened at $1,055.66 on Wednesday. The firm has a market cap of $468.61 billion, a price-to-earnings ratio of 61.99, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. 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 company’s 50-day moving average price is $977.94 and its 200 day moving average price is $935.03.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Truist Financial lifted their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. TD Cowen increased their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. 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. DA Davidson boosted their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Finally, BMO Capital Markets boosted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.