Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Rappaport Reiches Capital Management LLC

Rappaport Reiches Capital Management LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 957 shares of the retailer’s stock after purchasing an additional 36 shares during the quarter. Rappaport Reiches Capital Management LLC’s holdings in Costco Wholesale were worth $877,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in Costco Wholesale in the 2nd quarter valued at $4,202,000. Beck Bode LLC grew its stake in Costco Wholesale by 1.7% in the 2nd quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock valued at $13,563,000 after acquiring an additional 260 shares during the period. Drucker Wealth 3.0 LLC acquired a new stake in Costco Wholesale during the 2nd quarter worth $264,000. MBB Public Markets I LLC boosted its stake in Costco Wholesale by 2,504.5% during the 2nd quarter. MBB Public Markets I LLC now owns 31,566 shares of the retailer’s stock worth $26,831,000 after purchasing an additional 30,354 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Costco Wholesale by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 312,946 shares of the retailer’s stock worth $266,001,000 after purchasing an additional 6,750 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on COST. Citigroup lifted their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price on the stock. Jefferies Financial Group lifted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company lifted their target price on shares of 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. Finally, Roth Mkm lifted their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Stock Performance

NASDAQ COST opened at $939.68 on Friday. The company has a market cap of $417.12 billion, a P/E 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 current ratio of 0.98 and a quick ratio of 0.43. The stock has a 50-day moving average of $950.92 and a two-hundred day moving average of $903.31. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25.

Costco Wholesale Dividend Announcement

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