Lincoln Capital Corp Has $378,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

Lincoln Capital Corp grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 412 shares of the retailer’s stock after buying an additional 19 shares during the period. Lincoln Capital Corp’s holdings in Costco Wholesale were worth $378,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new position in Costco Wholesale in the 2nd quarter valued at about $4,202,000. Beck Bode LLC grew its position in shares of Costco Wholesale by 1.7% in the second 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 second quarter worth approximately $264,000. MBB Public Markets I LLC lifted its holdings in Costco Wholesale by 2,504.5% during the 2nd 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 grew its holdings in Costco Wholesale by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 312,946 shares of the retailer’s stock valued at $266,001,000 after buying an additional 6,750 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

Shares of COST opened at $939.68 on Friday. The business has a 50-day simple moving average of $950.92 and a two-hundred day simple moving average of $903.31. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The stock has a market cap of $417.12 billion, a PE ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. 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 Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Analysts Set New Price Targets

COST has been the subject of a number of research reports. Roth Mkm lifted their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Raymond James raised their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Morgan Stanley boosted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, Citigroup raised their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.