Lbmc Investment Advisors LLC Sells 150 Shares of Costco Wholesale Co. (NASDAQ:COST)

Lbmc Investment Advisors LLC lowered its position in Costco Wholesale Co. (NASDAQ:COST) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,481 shares of the retailer’s stock after selling 150 shares during the period. Lbmc Investment Advisors LLC’s holdings in Costco Wholesale were worth $1,357,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in COST. Renaissance Technologies LLC bought a new position in Costco Wholesale during the 2nd quarter worth about $4,202,000. Beck Bode LLC increased its holdings in Costco Wholesale by 1.7% during the 2nd quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock worth $13,563,000 after purchasing an additional 260 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Costco Wholesale by 7.2% during the 2nd quarter. Pacer Advisors Inc. now owns 68,324 shares of the retailer’s stock worth $58,075,000 after purchasing an additional 4,577 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Costco Wholesale by 11.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 64,820 shares of the retailer’s stock worth $55,096,000 after purchasing an additional 6,587 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in Costco Wholesale by 13.0% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,356 shares of the retailer’s stock worth $1,153,000 after purchasing an additional 156 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. This represents a 4.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by insiders.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $943.19 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The stock has a market capitalization of $418.68 billion, a P/E ratio of 55.38, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. The stock has a fifty day moving average of $949.82 and a 200-day moving average of $901.47.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on COST. DA Davidson increased their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Tigress Financial restated a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Evercore ISI increased their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Roth Mkm increased their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Morgan Stanley lifted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.