RNC Capital Management LLC Acquires 192 Shares of Costco Wholesale Co. (NASDAQ:COST)

RNC Capital Management LLC raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,265 shares of the retailer’s stock after acquiring an additional 192 shares during the quarter. RNC Capital Management LLC’s holdings in Costco Wholesale were worth $2,992,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Fermata Advisors LLC lifted its holdings in Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after purchasing an additional 11 shares during the last quarter. Sculati Wealth Management LLC lifted its holdings in shares of Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after buying an additional 11 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Costco Wholesale by 0.3% during the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after buying an additional 11 shares in the last quarter. Gill Capital Partners LLC lifted its holdings in shares of Costco Wholesale by 0.9% during the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock worth $1,164,000 after buying an additional 11 shares in the last quarter. Finally, Scott Capital Advisors LLC lifted its holdings in shares of Costco Wholesale by 0.8% during the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after buying an additional 11 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COST has been the subject of a number of research reports. DA Davidson lifted their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday. Truist Financial raised their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Sanford C. Bernstein assumed coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Evercore ISI raised their price target on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Stifel Nicolaus raised their price target on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $1,043.81 on Friday. The stock has a market cap of $463.35 billion, a P/E ratio of 61.29, a price-to-earnings-growth ratio of 5.84 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. The stock’s 50-day moving average is $959.83 and its 200-day moving average is $912.64. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,063.00.

Costco Wholesale Announces Dividend

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 dividend of $1.16 per share. 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 dividend payout ratio (DPR) 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.