Park National Corp OH Has $30.23 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Park National Corp OH lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,994 shares of the retailer’s stock after purchasing an additional 1,536 shares during the quarter. Costco Wholesale accounts for 1.1% of Park National Corp OH’s holdings, making the stock its 28th biggest holding. Park National Corp OH’s holdings in Costco Wholesale were worth $30,231,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of COST. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the 3rd quarter valued at about $29,000. Fairway Wealth LLC increased its stake in Costco Wholesale by 230.0% in the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after acquiring an additional 46 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale during the third quarter valued at approximately $58,000. Christopher J. Hasenberg Inc lifted its stake in Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after purchasing an additional 56 shares during the last quarter. Finally, VitalStone Financial LLC bought a new stake in Costco Wholesale during the third quarter worth $71,000. Institutional investors own 68.48% of the company’s stock.

Insider Activity

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the transaction, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. The trade was a 16.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $891.15, for a total value of $3,921,060.00. Following the transaction, the executive vice president now owns 10,202 shares in the company, valued at $9,091,512.30. The trade was a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,816 shares of company stock valued at $6,981,347 in the last ninety days. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

COST has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. TD Cowen boosted their target price 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. Loop Capital raised their price target on shares of 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. BMO Capital Markets lifted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company increased their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $921.37 on Wednesday. The company has a market capitalization of $409.00 billion, a PE ratio of 54.10, a P/E/G ratio of 6.02 and a beta of 0.84. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a twelve month low of $654.03 and a twelve month high of $1,008.25. The firm has a fifty day simple moving average of $944.70 and a 200 day simple moving average of $897.58.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

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.