Peoples Bank OH Sells 230 Shares of Costco Wholesale Co. (NASDAQ:COST)

Peoples Bank OH lowered its holdings in Costco Wholesale Co. (NASDAQ:COST) by 16.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,169 shares of the retailer’s stock after selling 230 shares during the period. Peoples Bank OH’s holdings in Costco Wholesale were worth $1,071,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $33,000. Collier Financial bought a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $35,000. Barrett & Company Inc. raised its position in shares of Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC bought a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $41,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the topic of several research reports. Raymond James boosted their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Loop Capital upped 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. Citigroup upped their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. DA Davidson upped their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Finally, BMO Capital Markets upped their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $1,034.22 on Friday. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.23. The stock has a market capitalization of $459.09 billion, a price-to-earnings ratio of 60.73, a price-to-earnings-growth ratio of 6.32 and a beta of 0.84. The company has a fifty day moving average of $974.70 and a 200-day moving average of $928.97. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

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.