Brown Lisle Cummings Inc. Sells 30 Shares of Costco Wholesale Co. (NASDAQ:COST)

Brown Lisle Cummings Inc. trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,293 shares of the retailer’s stock after selling 30 shares during the quarter. Costco Wholesale makes up 0.9% of Brown Lisle Cummings Inc.’s holdings, making the stock its 29th largest holding. Brown Lisle Cummings Inc.’s holdings in Costco Wholesale were worth $3,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Financial Services LLC increased its stake in shares of Costco Wholesale by 3.3% in the 4th quarter. Commonwealth Financial Services LLC now owns 3,034 shares of the retailer’s stock worth $2,780,000 after purchasing an additional 96 shares in the last quarter. Sloy Dahl & Holst LLC increased its stake in shares of Costco Wholesale by 17.2% in the 4th quarter. Sloy Dahl & Holst LLC now owns 1,361 shares of the retailer’s stock worth $1,247,000 after purchasing an additional 200 shares in the last quarter. Rockline Wealth Management LLC increased its stake in shares of Costco Wholesale by 2.6% in the 4th quarter. Rockline Wealth Management LLC now owns 8,967 shares of the retailer’s stock worth $8,216,000 after purchasing an additional 226 shares in the last quarter. Tempus Wealth Planning LLC increased its stake in shares of Costco Wholesale by 6.5% in the 4th quarter. Tempus Wealth Planning LLC now owns 1,759 shares of the retailer’s stock worth $1,612,000 after purchasing an additional 108 shares in the last quarter. Finally, Flavin Financial Services Inc. purchased a new stake in shares of Costco Wholesale in the 4th quarter worth $1,494,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Up 2.1 %

COST opened at $1,042.88 on Thursday. 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 firm has a market cap of $462.93 billion, a P/E ratio of 61.24, a P/E/G ratio of 5.84 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,043.09. The stock has a 50-day moving average of $956.42 and a 200 day moving average of $910.75.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Analysts Set New Price Targets

COST has been the subject of several analyst reports. DA Davidson upped their price objective on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Sanford C. Bernstein assumed coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target for the company. Robert W. Baird increased their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. UBS Group increased their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group increased their price target on 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. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.