Lindbrook Capital LLC Purchases 284 Shares of Costco Wholesale Co. (NASDAQ:COST)

Lindbrook Capital LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.8% in the fourth quarter, HoldingsChannel reports. The fund owned 3,913 shares of the retailer’s stock after buying an additional 284 shares during the period. Lindbrook Capital LLC’s holdings in Costco Wholesale were worth $3,586,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the third quarter worth $29,000. Synergy Investment Management LLC bought a new stake in shares of Costco Wholesale during the fourth quarter worth $31,000. NewSquare Capital LLC increased its holdings in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after purchasing an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale in the fourth quarter valued at about $33,000. Finally, Collier Financial bought a new stake in Costco Wholesale in the fourth quarter valued at about $35,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $1,047.75 on Thursday. The stock has a 50 day moving average price of $987.79 and a 200 day moving average price of $941.75. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market capitalization of $465.10 billion, a PE ratio of 61.52, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s dividend payout ratio is 27.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. TD Cowen upped their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Stifel Nicolaus boosted their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Loop Capital boosted their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

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.