Wesbanco Bank Inc. Raises Position in Costco Wholesale Co. (NASDAQ:COST)

Wesbanco Bank Inc. grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,363 shares of the retailer’s stock after purchasing an additional 80 shares during the period. Wesbanco Bank Inc.’s holdings in Costco Wholesale were worth $10,412,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale during the 3rd quarter valued at $29,000. Retirement Wealth Solutions LLC purchased a new position in Costco Wholesale in the 4th quarter worth $55,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in Costco Wholesale in the 4th quarter worth $58,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Costco Wholesale in the 3rd quarter worth $58,000. Finally, Christopher J. Hasenberg Inc raised its stake in Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after acquiring an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.3 %

COST opened at $942.16 on Friday. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. The stock has a market capitalization of $418.22 billion, a PE ratio of 55.32, a P/E/G ratio of 5.65 and a beta of 0.84. The business’s 50 day moving average price is $950.56 and its 200 day moving average price is $903.04. 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. Investors of record on Friday, February 7th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on COST. Roth Mkm raised their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. BMO Capital Markets lifted their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Jefferies Financial Group lifted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Robert W. Baird boosted their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Stifel Nicolaus boosted their price objective on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.