Costco Wholesale Co. (NASDAQ:COST) Position Lessened by ORBA Wealth Advisors L.L.C.

ORBA Wealth Advisors L.L.C. cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. AMF Tjanstepension AB bought a new stake in shares of Costco Wholesale in the third quarter valued at about $42,896,000. Swedbank AB raised its stake in shares of Costco Wholesale by 1.5% in the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after acquiring an additional 6,495 shares during the last quarter. Peterson Wealth Advisors LLC grew its holdings in shares of Costco Wholesale by 3.9% during the third quarter. Peterson Wealth Advisors LLC now owns 422 shares of the retailer’s stock worth $374,000 after purchasing an additional 16 shares during the last quarter. Salomon & Ludwin LLC grew its holdings in Costco Wholesale by 2.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 765 shares of the retailer’s stock worth $678,000 after acquiring an additional 21 shares during the last quarter. Finally, Greenspring Advisors LLC lifted its stake in shares of Costco Wholesale by 105.8% during the third quarter. Greenspring Advisors LLC now owns 776 shares of the retailer’s stock valued at $688,000 after acquiring an additional 399 shares during the period. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of a number of analyst reports. 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 research note on Friday, December 13th. Telsey Advisory Group reiterated an “outperform” rating on shares of Costco Wholesale in a report on Friday, February 14th. DA Davidson increased their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Raymond James boosted their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Stifel Nicolaus lifted their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Up 1.9 %

Shares of NASDAQ COST opened at $1,055.66 on Wednesday. The stock has a market capitalization of $468.61 billion, a PE ratio of 61.99, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. The stock’s fifty day simple moving average is $977.94 and its two-hundred day simple moving average is $935.03.

Costco Wholesale Announces Dividend

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