Members Trust Co Sells 30 Shares of Costco Wholesale Co. (NASDAQ:COST)

Members Trust Co cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.6% in the fourth quarter, HoldingsChannel reports. The firm owned 1,127 shares of the retailer’s stock after selling 30 shares during the period. Members Trust Co’s holdings in Costco Wholesale were worth $1,033,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale in the third quarter worth $29,000. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale in the fourth quarter worth $33,000. Collier Financial bought a new stake in Costco Wholesale in the fourth quarter worth $35,000. Barrett & Company Inc. boosted its holdings in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in Costco Wholesale in the fourth quarter worth $41,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $1,071.85 on Friday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. 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 firm has a market capitalization of $475.79 billion, a PE ratio of 62.94, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. The firm has a 50-day moving average price of $969.49 and a 200 day moving average price of $922.35.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Analyst Ratings Changes

A number of research firms have issued reports on COST. Loop Capital upped 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 report on Friday, December 13th. UBS Group upped their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. TD Cowen upped their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Jefferies Financial Group upped their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Roth Mkm upped their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Nine 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, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.