Onyx Bridge Wealth Group LLC Has $765,000 Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Onyx Bridge Wealth Group LLC decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 12.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 835 shares of the retailer’s stock after selling 121 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Costco Wholesale were worth $765,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale during the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale during the 4th quarter worth $33,000. FSC Wealth Advisors LLC acquired a new position in Costco Wholesale during the 4th quarter worth $41,000. Retirement Wealth Solutions LLC acquired a new position in Costco Wholesale during the 4th quarter worth $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on COST. Truist Financial increased their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Sanford C. Bernstein began coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. UBS Group increased their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Tigress Financial reissued a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research note on Thursday, October 17th. Finally, Wells Fargo & Company increased their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $1,050.99 on Friday. The stock has a market capitalization of $466.53 billion, a price-to-earnings ratio of 61.71, a PEG ratio of 5.84 and a beta of 0.84. The business has a 50-day moving average of $958.04 and a 200-day moving average of $911.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,063.00.

Costco Wholesale Announces Dividend

The business also recently disclosed 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 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

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.