Berkshire Bank Lowers Position in Costco Wholesale Co. (NASDAQ:COST)

Berkshire Bank decreased its stake in Costco Wholesale Co. (NASDAQ:COST) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,249 shares of the retailer’s stock after selling 70 shares during the quarter. Berkshire Bank’s holdings in Costco Wholesale were worth $1,144,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in COST. Truist Financial Corp increased its stake in Costco Wholesale by 1.1% in the 2nd quarter. Truist Financial Corp now owns 316,993 shares of the retailer’s stock worth $269,441,000 after buying an additional 3,526 shares in the last quarter. IMS Capital Management boosted its stake in shares of Costco Wholesale by 7.1% in the second quarter. IMS Capital Management now owns 3,794 shares of the retailer’s stock worth $3,324,000 after acquiring an additional 252 shares during the period. Ted Buchan & Co purchased a new stake in shares of Costco Wholesale during the second quarter worth about $2,677,000. 3Chopt Investment Partners LLC bought a new stake in Costco Wholesale during the 2nd quarter valued at approximately $446,000. Finally, Aldebaran Financial Inc. purchased a new position in Costco Wholesale in the 2nd quarter worth approximately $212,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.7 %

Shares of COST opened at $958.67 on Wednesday. The firm has a fifty day moving average price of $952.49 and a 200-day moving average price of $904.81. 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 capitalization of $425.55 billion, a P/E ratio of 56.29, a P/E/G ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $686.26 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. Shareholders of record on Friday, February 7th will be paid 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 0.48%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Upgrades and Downgrades

COST has been the topic of several recent analyst reports. Raymond James lifted their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Stifel Nicolaus boosted their price target on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley raised their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Thursday, January 9th. Finally, Roth Mkm increased their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.