RFG Advisory LLC Has $6.07 Million Position in Costco Wholesale Co. (NASDAQ:COST)

RFG Advisory LLC grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,619 shares of the retailer’s stock after buying an additional 44 shares during the period. RFG Advisory LLC’s holdings in Costco Wholesale were worth $6,065,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in COST. Charles Schwab Investment Management Inc. raised its position in Costco Wholesale by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after purchasing an additional 32,074 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in Costco Wholesale by 62.8% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock worth $2,143,000 after purchasing an additional 932 shares in the last quarter. Hudson Value Partners LLC raised its position in Costco Wholesale by 7.6% in the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after purchasing an additional 568 shares in the last quarter. Nwam LLC acquired a new position in Costco Wholesale in the third quarter worth about $20,056,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in Costco Wholesale in the fourth quarter worth about $8,430,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. BMO Capital Markets raised their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. Truist Financial raised their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Finally, Roth Mkm raised their price objective 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. Nine investment 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, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Price Performance

COST opened at $939.68 on Friday. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. 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 company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company has a fifty day moving average price of $950.92 and a two-hundred day moving average price of $903.31.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) 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.