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

Braun Bostich & Associates Inc. reduced its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Renaissance Technologies LLC bought a new stake in shares of Costco Wholesale in the second quarter worth approximately $4,202,000. Beck Bode LLC grew its position in Costco Wholesale by 1.7% in 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 during the period. Royal Capital Wealth Management LLC raised its stake in Costco Wholesale by 20.8% during the 2nd quarter. Royal Capital Wealth Management LLC now owns 871 shares of the retailer’s stock valued at $740,000 after buying an additional 150 shares during the last quarter. Insigneo Advisory Services LLC lifted its holdings in shares of Costco Wholesale by 11.9% during the 2nd quarter. Insigneo Advisory Services LLC now owns 5,385 shares of the retailer’s stock valued at $4,318,000 after buying an additional 572 shares during the period. Finally, Wescott Financial Advisory Group LLC purchased a new position in shares of Costco Wholesale in the 2nd quarter worth $1,016,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $944.70 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a market capitalization of $419.35 billion, a P/E ratio of 55.47, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25. The company’s 50-day moving average is $950.34 and its 200 day moving average is $902.74.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Robert W. Baird increased their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Wells Fargo & Company upped their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Thursday, January 9th. Finally, TD Cowen upped their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Nine research 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, Costco Wholesale currently has an average 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.