Trust Point Inc. Lowers Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Trust Point Inc. cut its position in Costco Wholesale Co. (NASDAQ:COST) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,814 shares of the retailer’s stock after selling 21 shares during the quarter. Trust Point Inc.’s holdings in Costco Wholesale were worth $2,578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of COST. Blodgett Wealth Advisors LLC increased its stake in Costco Wholesale by 4.2% during the fourth quarter. Blodgett Wealth Advisors LLC now owns 4,363 shares of the retailer’s stock worth $3,997,000 after purchasing an additional 175 shares during the period. Childress Capital Advisors LLC grew its holdings in shares of Costco Wholesale by 2.1% in the fourth quarter. Childress Capital Advisors LLC now owns 1,253 shares of the retailer’s stock valued at $1,148,000 after purchasing an additional 26 shares in the last quarter. Baltimore Washington Financial Advisors Inc. increased its stake in Costco Wholesale by 1.5% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 40,578 shares of the retailer’s stock worth $37,181,000 after buying an additional 605 shares during the period. Fourpath Capital Management LLC lifted its holdings in Costco Wholesale by 204.1% during the 4th quarter. Fourpath Capital Management LLC now owns 669 shares of the retailer’s stock worth $613,000 after buying an additional 449 shares in the last quarter. Finally, Optas LLC boosted its position in Costco Wholesale by 13.9% in the 4th quarter. Optas LLC now owns 2,744 shares of the retailer’s stock valued at $2,515,000 after buying an additional 335 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Up 1.6 %

COST stock opened at $1,021.86 on Wednesday. The company has a market cap of $453.60 billion, a price-to-earnings ratio of 60.00, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84. The company has a fifty day moving average price of $955.41 and a 200 day moving average price of $909.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,024.35.

Costco Wholesale Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Roth Mkm upped their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Jefferies Financial Group lifted their price objective 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. 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 research note on Friday, December 13th. Finally, Robert W. Baird lifted their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Company 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.