Roberts Wealth Advisors LLC Lowers Stake in Costco Wholesale Co. (NASDAQ:COST)

Roberts Wealth Advisors LLC lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,739 shares of the retailer’s stock after selling 79 shares during the quarter. Costco Wholesale makes up approximately 1.6% of Roberts Wealth Advisors LLC’s holdings, making the stock its 16th biggest holding. Roberts Wealth Advisors LLC’s holdings in Costco Wholesale were worth $5,300,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COST. Charles Schwab Investment Management Inc. increased its stake 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 valued at $2,489,574,000 after purchasing an additional 32,074 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in shares of Costco Wholesale by 62.8% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after acquiring an additional 932 shares during the last quarter. Hudson Value Partners LLC lifted its holdings in shares of Costco Wholesale by 7.6% during the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after acquiring an additional 568 shares during the period. Nwam LLC acquired a new stake in shares of Costco Wholesale in the third quarter worth approximately $20,056,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in Costco Wholesale in the fourth quarter valued at approximately $8,430,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

COST has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. DA Davidson boosted their price target on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. UBS Group boosted their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group raised their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a report on Friday, September 27th. 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Down 0.3 %

NASDAQ:COST opened at $944.70 on Thursday. 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 market capitalization of $419.35 billion, a price-to-earnings ratio of 55.47, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. The stock has a 50-day simple moving average of $950.34 and a 200 day simple moving average of $902.74.

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.