Sustainable Insight Capital Management LLC Lowers Stake in Costco Wholesale Co. (NASDAQ:COST)

Sustainable Insight Capital Management LLC cut its stake in Costco Wholesale Co. (NASDAQ:COST) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,660 shares of the retailer’s stock after selling 184 shares during the quarter. Costco Wholesale comprises about 1.1% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 26th biggest position. Sustainable Insight Capital Management LLC’s holdings in Costco Wholesale were worth $2,437,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale in the third quarter worth $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale during the fourth quarter valued at about $33,000. Retirement Wealth Solutions LLC purchased a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Costco Wholesale in the 3rd quarter worth approximately $58,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in Costco Wholesale during the 4th quarter worth approximately $58,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Down 0.3 %

Shares of NASDAQ 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 quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company’s 50-day simple moving average is $950.92 and its 200-day simple moving average is $903.31. The firm has a market cap of $417.12 billion, a price-to-earnings ratio of 55.18, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84.

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 dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Analyst Upgrades and Downgrades

COST has been the subject of several research reports. DA Davidson lifted 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. Citigroup lifted their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. BMO Capital Markets increased their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Wells Fargo & Company lifted their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale 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.