Parkside Financial Bank & Trust Buys 41 Shares of Costco Wholesale Co. (NASDAQ:COST)

Parkside Financial Bank & Trust boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,139 shares of the retailer’s stock after buying an additional 41 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Costco Wholesale were worth $1,960,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale during the third quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale during the fourth quarter valued at about $33,000. Collier Financial purchased a new stake in Costco Wholesale during the fourth quarter valued at about $35,000. Barrett & Company Inc. lifted its holdings in Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter worth about $41,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Truist Financial increased their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Telsey Advisory Group reissued an “outperform” rating on shares of Costco Wholesale in a report on Friday, February 14th. UBS Group increased their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Citigroup increased their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Price Performance

NASDAQ COST opened at $1,021.71 on Friday. The stock has a 50-day moving average of $980.62 and a 200 day moving average of $936.31. The company has a market capitalization of $453.54 billion, a price-to-earnings ratio of 59.99, a PEG 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.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. Costco Wholesale’s dividend payout ratio 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.