New Covenant Trust Company N.A. Sells 13 Shares of Costco Wholesale Co. (NASDAQ:COST)

New Covenant Trust Company N.A. decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 340 shares of the retailer’s stock after selling 13 shares during the period. New Covenant Trust Company N.A.’s holdings in Costco Wholesale were worth $314,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale in the third quarter valued at approximately $29,000. Synergy Investment Management LLC bought a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $31,000. NewSquare Capital LLC raised its stake in shares of Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after acquiring an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $33,000. Finally, Collier Financial bought a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $35,000. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

COST has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Raymond James lifted their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. BMO Capital Markets lifted their target price on shares of 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. Loop Capital raised their price target 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, Wells Fargo & Company raised their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Price Performance

Shares of COST stock opened at $1,036.87 on Wednesday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24. The firm has a market capitalization of $460.27 billion, a price-to-earnings ratio of 60.88, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. 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 fifty day moving average of $986.01 and a 200-day moving average of $941.00.

Costco Wholesale Announces Dividend

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

Costco Wholesale 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.