Sustainable Insight Capital Management LLC Sells 184 Shares of Costco Wholesale Co. (NASDAQ:COST)

Sustainable Insight Capital Management LLC lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 6.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,660 shares of the retailer’s stock after selling 184 shares during the period. Costco Wholesale accounts for approximately 1.1% of Sustainable Insight Capital Management LLC’s holdings, making the stock its 26th biggest position. Sustainable Insight Capital Management LLC’s holdings in Costco Wholesale were worth $2,437,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Renaissance Technologies LLC bought a new position in shares of Costco Wholesale during the second quarter worth $4,202,000. Beck Bode LLC boosted its holdings in shares of Costco Wholesale by 1.7% during the 2nd quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock valued at $13,563,000 after purchasing an additional 260 shares during the last quarter. Drucker Wealth 3.0 LLC bought a new position in shares of Costco Wholesale during the 2nd quarter valued at about $264,000. MBB Public Markets I LLC increased its holdings in shares of Costco Wholesale by 2,504.5% in the second 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 increased its holdings in shares of Costco Wholesale by 2.2% in the second 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. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Trading Down 0.3 %

COST opened at $939.68 on Friday. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The company has a market capitalization of $417.12 billion, a P/E ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. The stock’s fifty day moving average is $950.92 and its two-hundred day moving average is $903.31. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. Costco Wholesale’s payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

COST has been the subject of several research analyst reports. Jefferies Financial Group raised their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. DA Davidson raised their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Stifel Nicolaus upped their price target on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Raymond James lifted their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Citigroup upped their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.