Hickory Point Bank & Trust Purchases Shares of 416 Costco Wholesale Co. (NASDAQ:COST)

Hickory Point Bank & Trust purchased a new stake in Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 416 shares of the retailer’s stock, valued at approximately $381,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Purkiss Capital Advisors LLC bought a new stake in Costco Wholesale in the fourth quarter valued at $509,000. Levin Capital Strategies L.P. raised its holdings in shares of Costco Wholesale by 28.0% in the 4th quarter. Levin Capital Strategies L.P. now owns 1,938 shares of the retailer’s stock worth $1,776,000 after acquiring an additional 424 shares during the last quarter. Tower View Wealth Management LLC lifted its position in Costco Wholesale by 0.3% in the 4th quarter. Tower View Wealth Management LLC now owns 6,914 shares of the retailer’s stock valued at $6,335,000 after acquiring an additional 23 shares in the last quarter. Sherman Asset Management Inc. acquired a new position in Costco Wholesale during the 4th quarter valued at about $841,000. Finally, Onefund LLC increased its holdings in Costco Wholesale by 2.2% during the 4th quarter. Onefund LLC now owns 1,189 shares of the retailer’s stock worth $1,089,000 after purchasing an additional 26 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COST has been the topic of a number of recent research reports. Oppenheimer restated 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. DA Davidson raised their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Evercore ISI restated a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. Barclays raised their target price on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Telsey Advisory Group restated an “outperform” rating on shares of Costco Wholesale in a report on Friday, February 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Performance

Shares of COST opened at $1,048.61 on Friday. The firm has a market cap of $465.48 billion, a PE ratio of 61.57, a PEG ratio of 6.15 and a beta of 0.84. The stock’s fifty day moving average price is $982.51 and its two-hundred day moving average price is $938.10. 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 1 year low of $697.27 and a 1 year high of $1,078.23.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s payout ratio is presently 27.25%.

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.