Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Keybank National Association OH

Keybank National Association OH decreased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.7% in the 4th quarter, HoldingsChannel reports. The firm owned 340,017 shares of the retailer’s stock after selling 2,416 shares during the quarter. Costco Wholesale makes up 1.2% of Keybank National Association OH’s portfolio, making the stock its 18th largest holding. Keybank National Association OH’s holdings in Costco Wholesale were worth $311,548,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale during the third quarter valued at about $29,000. Synergy Investment Management LLC bought a new position in Costco Wholesale during the fourth quarter valued at about $31,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale during the fourth quarter valued at about $33,000. Collier Financial bought a new position in Costco Wholesale during the fourth quarter valued at about $35,000. Finally, Barrett & Company Inc. boosted its position in shares of Costco Wholesale by 59.3% in the 4th 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. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on COST shares. UBS Group increased their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. DA Davidson raised their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Robert W. Baird raised their price target 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. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Finally, Evercore ISI reaffirmed a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Performance

Shares of COST stock opened at $1,046.85 on Tuesday. The company has a market cap of $464.70 billion, a price-to-earnings ratio of 61.47, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $984.45 and a 200-day moving average of $939.83.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) 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.