Enterprise Bank & Trust Co Grows Position in Costco Wholesale Co. (NASDAQ:COST)

Enterprise Bank & Trust Co raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,317 shares of the retailer’s stock after purchasing an additional 140 shares during the quarter. Costco Wholesale makes up approximately 2.2% of Enterprise Bank & Trust Co’s portfolio, making the stock its 12th largest holding. Enterprise Bank & Trust Co’s holdings in Costco Wholesale were worth $6,704,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the third quarter valued at about $29,000. Fairway Wealth LLC increased its position in shares of Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after buying an additional 46 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale during the third quarter valued at about $58,000. Christopher J. Hasenberg Inc increased its position in shares of Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after buying an additional 56 shares during the period. Finally, VitalStone Financial LLC bought a new stake in shares of Costco Wholesale during the third quarter valued at about $71,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on COST shares. Oppenheimer restated an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. TD Cowen upped their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Barclays upped their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Melius Research started coverage on shares of Costco Wholesale in a research report on Monday, September 23rd. They issued a “hold” rating and a $950.00 price objective on the stock. Finally, StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Get Our Latest Report on COST

Insider Activity at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the sale, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Down 1.3 %

Shares of Costco Wholesale stock opened at $924.70 on Tuesday. The stock has a market capitalization of $410.47 billion, a price-to-earnings ratio of 54.30, a P/E/G ratio of 6.02 and a beta of 0.84. The company’s 50 day moving average price is $948.69 and its 200-day moving average price is $899.73. Costco Wholesale Co. has a 52-week low of $675.96 and a 52-week high of $1,008.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

Costco Wholesale Dividend Announcement

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

About Costco Wholesale

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTFree Report).

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.