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

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

Other hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale in the 4th quarter valued at about $33,000. FSC Wealth Advisors LLC acquired a new stake in Costco Wholesale in the 4th quarter valued at about $41,000. Retirement Wealth Solutions LLC acquired a new stake in Costco Wholesale in the 4th quarter valued at about $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Costco Wholesale in the 3rd quarter valued at about $58,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

COST has been the subject of several research reports. Morgan Stanley raised their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Truist Financial boosted 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. Robert W. Baird increased their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Roth Mkm boosted their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group upped their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Up 0.8 %

Shares of COST opened at $1,050.99 on Friday. The firm has a 50 day simple moving average of $958.04 and a two-hundred day simple moving average of $911.67. The company has a market cap of $466.53 billion, a P/E ratio of 61.71, a P/E/G ratio of 5.84 and a beta of 0.84. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,063.00. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s payout ratio is presently 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.