Costco Wholesale Co. (NASDAQ:COST) Shares Bought by First American Bank

First American Bank grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 93.7% during the 4th quarter, Holdings Channel reports. The fund owned 581 shares of the retailer’s stock after acquiring an additional 281 shares during the period. First American Bank’s holdings in Costco Wholesale were worth $532,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale during the third quarter worth about $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $33,000. Collier Financial purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $35,000. Barrett & Company Inc. raised its holdings in 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 acquiring an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC purchased a new position in shares of Costco Wholesale during the 4th quarter worth $41,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Wells Fargo & Company lifted their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. DA Davidson raised their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Loop Capital boosted their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Jefferies Financial Group increased their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Trading Down 1.0 %

NASDAQ:COST opened at $1,021.71 on Friday. The stock has a market cap of $453.54 billion, a price-to-earnings ratio of 59.99, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The business’s 50-day simple moving average is $980.62 and its 200 day simple moving average is $936.31.

Costco Wholesale Announces Dividend

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