Braun Bostich & Associates Inc. Sells 22 Shares of Costco Wholesale Co. (NASDAQ:COST)

Braun Bostich & Associates Inc. trimmed its holdings in Costco Wholesale Co. (NASDAQ:COST) by 5.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 409 shares of the retailer’s stock after selling 22 shares during the quarter. Braun Bostich & Associates Inc.’s holdings in Costco Wholesale were worth $375,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale during the third quarter valued at about $29,000. Retirement Wealth Solutions LLC purchased a new stake in Costco Wholesale during the 4th quarter valued at about $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Costco Wholesale during the 3rd quarter worth approximately $58,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in Costco Wholesale in the 4th quarter worth approximately $58,000. Finally, Christopher J. Hasenberg Inc lifted its position in Costco Wholesale by 329.4% in the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after purchasing an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup raised their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective on the stock. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Loop Capital boosted their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Morgan Stanley lifted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Price Performance

COST opened at $944.70 on Thursday. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The stock has a 50-day moving average price of $950.34 and a 200-day moving average price of $902.74. The firm has a market cap of $419.35 billion, a PE ratio of 55.47, 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.

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.