Beaumont Financial Advisors LLC Reduces Holdings in Costco Wholesale Co. (NASDAQ:COST)

Beaumont Financial Advisors LLC decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.8% during the fourth quarter, HoldingsChannel reports. The firm owned 5,030 shares of the retailer’s stock after selling 199 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Costco Wholesale were worth $4,609,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of COST. Capstone Wealth Management LLC bought a new position in Costco Wholesale in the fourth quarter worth $284,000. Perfromance Wealth Partners LLC increased its stake in shares of Costco Wholesale by 2.7% in the 4th quarter. Perfromance Wealth Partners LLC now owns 68,813 shares of the retailer’s stock worth $63,051,000 after acquiring an additional 1,833 shares in the last quarter. Commons Capital LLC lifted its position in Costco Wholesale by 2.3% during the 4th quarter. Commons Capital LLC now owns 2,878 shares of the retailer’s stock valued at $2,637,000 after acquiring an additional 66 shares during the period. Enclave Advisors LLC boosted its stake in Costco Wholesale by 2.3% during the fourth quarter. Enclave Advisors LLC now owns 1,152 shares of the retailer’s stock worth $1,056,000 after acquiring an additional 26 shares in the last quarter. Finally, Wall Street Financial Group Inc. grew its holdings in Costco Wholesale by 5.4% in the fourth quarter. Wall Street Financial Group Inc. now owns 292 shares of the retailer’s stock worth $268,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $944.70 on Thursday. The stock has a market cap of $419.35 billion, a P/E ratio of 55.47, a P/E/G ratio of 5.63 and a beta of 0.84. 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’s fifty day moving average is $950.34 and its 200 day moving average is $902.74. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on COST. Barclays lifted their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Wells Fargo & Company increased their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. 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 research report on Friday, December 13th. Robert W. Baird increased their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Loop Capital lifted their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus 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.