Ledyard National Bank Has $1.99 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Ledyard National Bank lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.4% in the fourth quarter, Holdings Channel reports. The firm owned 2,171 shares of the retailer’s stock after selling 148 shares during the period. Ledyard National Bank’s holdings in Costco Wholesale were worth $1,989,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Consolidated Portfolio Review Corp increased its holdings in shares of Costco Wholesale by 406.5% during the 4th quarter. Consolidated Portfolio Review Corp now owns 3,211 shares of the retailer’s stock worth $2,943,000 after purchasing an additional 2,577 shares during the period. Eagle Ridge Investment Management acquired a new stake in Costco Wholesale in the 4th quarter valued at $201,000. Silver Oak Securities Incorporated grew its holdings in shares of Costco Wholesale by 3.7% in the 4th quarter. Silver Oak Securities Incorporated now owns 2,477 shares of the retailer’s stock worth $2,284,000 after purchasing an additional 89 shares during the last quarter. Etesian Wealth Advisors Inc. grew its stake in Costco Wholesale by 0.5% during the fourth quarter. Etesian Wealth Advisors Inc. now owns 7,078 shares of the retailer’s stock worth $6,485,000 after buying an additional 38 shares during the last quarter. Finally, Elm3 Financial Group LLC acquired a new stake in Costco Wholesale during the 4th quarter valued at $779,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Down 0.7 %

Costco Wholesale stock opened at $1,043.81 on Friday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,063.00. The company’s 50-day moving average price is $959.83 and its two-hundred day moving average price is $912.64. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a market cap of $463.35 billion, a P/E ratio of 61.29, a P/E/G ratio of 5.84 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders 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 yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is 27.25%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on COST. Robert W. Baird boosted their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Evercore ISI boosted their target price on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Thursday. Jefferies Financial Group raised their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Loop Capital lifted their price target on shares of 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. Finally, Roth Mkm upped their price objective on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

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.