Orrstown Financial Services Inc. Has $1.86 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Orrstown Financial Services Inc. grew its position in Costco Wholesale Co. (NASDAQ:COST) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,031 shares of the retailer’s stock after buying an additional 21 shares during the quarter. Orrstown Financial Services Inc.’s holdings in Costco Wholesale were worth $1,861,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in COST. Allen Capital Group LLC lifted its position in shares of Costco Wholesale by 6.9% during the 4th quarter. Allen Capital Group LLC now owns 510 shares of the retailer’s stock worth $467,000 after buying an additional 33 shares during the last quarter. Strategic Blueprint LLC raised its stake in Costco Wholesale by 11.3% during the fourth quarter. Strategic Blueprint LLC now owns 4,975 shares of the retailer’s stock worth $4,559,000 after acquiring an additional 507 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Costco Wholesale by 3.0% in the fourth quarter. Hantz Financial Services Inc. now owns 5,536 shares of the retailer’s stock worth $5,072,000 after acquiring an additional 159 shares during the last quarter. Forsta AP Fonden boosted its stake in shares of Costco Wholesale by 6.7% in the 4th quarter. Forsta AP Fonden now owns 123,700 shares of the retailer’s stock valued at $113,343,000 after purchasing an additional 7,800 shares in the last quarter. Finally, Nvest Financial LLC grew its holdings in shares of Costco Wholesale by 8.8% during the 4th quarter. Nvest Financial LLC now owns 2,750 shares of the retailer’s stock valued at $2,520,000 after purchasing an additional 223 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $979.01 on Friday. The business has a 50-day simple moving average of $953.78 and a 200 day simple moving average of $906.03. The firm has a market capitalization of $434.58 billion, a price-to-earnings ratio of 57.49, a PEG ratio of 5.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a one year low of $691.50 and a one year high of $1,008.25.

Costco Wholesale Dividend Announcement

The company also recently announced 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. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on COST shares. Roth Mkm raised their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Tigress Financial reissued a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Barclays lifted their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Finally, Loop Capital upped their price objective 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. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale 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.