Passumpsic Savings Bank Has $2.14 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Passumpsic Savings Bank cut its position in Costco Wholesale Co. (NASDAQ:COST) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,334 shares of the retailer’s stock after selling 53 shares during the quarter. Passumpsic Savings Bank’s holdings in Costco Wholesale were worth $2,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of COST. AMF Tjanstepension AB acquired a new stake in Costco Wholesale in the 3rd quarter worth $42,896,000. Swedbank AB grew its position in Costco Wholesale by 1.5% in the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after purchasing an additional 6,495 shares during the last quarter. McAdam LLC grew its position in Costco Wholesale by 17.5% in the 3rd quarter. McAdam LLC now owns 752 shares of the retailer’s stock worth $666,000 after purchasing an additional 112 shares during the last quarter. International Assets Investment Management LLC grew its position in Costco Wholesale by 113,947.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after purchasing an additional 7,364,453 shares during the last quarter. Finally, Spectrum Asset Management Inc. NB CA grew its position in Costco Wholesale by 5.4% in the 3rd quarter. Spectrum Asset Management Inc. NB CA now owns 2,047 shares of the retailer’s stock worth $1,815,000 after purchasing an additional 104 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on COST. Raymond James raised their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, February 3rd. BMO Capital Markets raised their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. TD Cowen raised their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Barclays raised their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Trading Up 0.0 %

Shares of NASDAQ COST opened at $1,035.03 on Friday. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The company has a market cap of $459.45 billion, a PE ratio of 60.78, a P/E/G ratio of 6.32 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average of $975.61 and a two-hundred day moving average of $930.59.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 27.25%.

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.