Kentucky Trust Co Purchases New Stake in Costco Wholesale Co. (NASDAQ:COST)

Kentucky Trust Co acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 90 shares of the retailer’s stock, valued at approximately $82,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Valley Brook Capital Group Inc. grew its stake in Costco Wholesale by 3.5% in the 4th quarter. Valley Brook Capital Group Inc. now owns 2,209 shares of the retailer’s stock valued at $2,024,000 after buying an additional 75 shares during the last quarter. Gladstone Institutional Advisory LLC boosted its holdings in shares of Costco Wholesale by 9.1% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 9,854 shares of the retailer’s stock worth $9,029,000 after acquiring an additional 820 shares during the period. TFB Advisors LLC boosted its holdings in shares of Costco Wholesale by 2.2% during the fourth quarter. TFB Advisors LLC now owns 1,096 shares of the retailer’s stock worth $1,004,000 after acquiring an additional 24 shares during the period. Capital Advisors Inc. OK boosted its holdings in shares of Costco Wholesale by 21.2% during the fourth quarter. Capital Advisors Inc. OK now owns 3,962 shares of the retailer’s stock worth $3,630,000 after acquiring an additional 694 shares during the period. Finally, Certuity LLC boosted its holdings in shares of Costco Wholesale by 64.2% during the fourth quarter. Certuity LLC now owns 2,084 shares of the retailer’s stock worth $1,909,000 after acquiring an additional 815 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. UBS Group boosted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Loop Capital boosted their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Morgan Stanley boosted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. DA Davidson boosted their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Finally, Truist Financial boosted their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Up 0.6 %

Shares of NASDAQ:COST opened at $1,065.12 on Thursday. The company has a fifty day moving average of $964.53 and a 200-day moving average of $918.45. The company has a market capitalization of $472.81 billion, a PE ratio of 62.54, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,067.00.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s payout ratio is 27.25%.

About Costco Wholesale

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.