Town & Country Bank & Trust CO dba First Bankers Trust CO Decreases Position in Costco Wholesale Co. (NASDAQ:COST)

Town & Country Bank & Trust CO dba First Bankers Trust CO reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,134 shares of the retailer’s stock after selling 46 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Costco Wholesale were worth $1,039,000 as of its most recent SEC filing.

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

Costco Wholesale Stock Performance

NASDAQ:COST opened at $958.67 on Wednesday. Costco Wholesale Co. has a twelve month low of $686.26 and a twelve month high of $1,008.25. The company has a market capitalization of $425.55 billion, a P/E ratio of 56.29, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. 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 50-day moving average price of $952.49 and a two-hundred day moving average price of $904.81.

Costco Wholesale Dividend Announcement

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 given a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.48%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. DA Davidson raised their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Stifel Nicolaus raised their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. 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 report on Friday, December 13th. BMO Capital Markets increased their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Tigress Financial reissued a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

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.