Baker Boyer National Bank Lowers Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Baker Boyer National Bank trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,235 shares of the retailer’s stock after selling 115 shares during the quarter. Costco Wholesale makes up approximately 0.7% of Baker Boyer National Bank’s investment portfolio, making the stock its 16th biggest holding. Baker Boyer National Bank’s holdings in Costco Wholesale were worth $2,048,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale in the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale in the fourth quarter worth $33,000. FSC Wealth Advisors LLC acquired a new position in shares of Costco Wholesale during the fourth quarter worth $41,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at $55,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Costco Wholesale in the 4th quarter worth $58,000. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on COST. UBS Group upped their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Oppenheimer restated an “outperform” rating and set a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Barclays increased their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Truist Financial boosted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, DA Davidson raised their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Up 0.6 %

Shares of COST opened at $964.02 on Thursday. 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 firm has a market cap of $427.93 billion, a P/E ratio of 56.61, a PEG ratio of 5.63 and a beta of 0.84. The stock’s 50 day moving average is $953.06 and its two-hundred day moving average is $905.62. Costco Wholesale Co. has a 12 month low of $690.80 and a 12 month high of $1,008.25.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.48%. Costco Wholesale’s dividend payout ratio (DPR) is 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.