New Covenant Trust Company N.A. Sells 13 Shares of Costco Wholesale Co. (NASDAQ:COST)

New Covenant Trust Company N.A. cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 340 shares of the retailer’s stock after selling 13 shares during the quarter. New Covenant Trust Company N.A.’s holdings in Costco Wholesale were worth $314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Swedbank AB grew its stake in Costco Wholesale by 1.5% in the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after buying an additional 6,495 shares during the last quarter. Intact Investment Management Inc. acquired a new position in Costco Wholesale in the 3rd quarter valued at about $390,000. Moloney Securities Asset Management LLC grew its stake in Costco Wholesale by 13.3% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 2,130 shares of the retailer’s stock valued at $1,889,000 after buying an additional 250 shares during the last quarter. FSM Wealth Advisors LLC grew its stake in Costco Wholesale by 3.7% in the 3rd quarter. FSM Wealth Advisors LLC now owns 3,109 shares of the retailer’s stock valued at $2,756,000 after buying an additional 110 shares during the last quarter. Finally, James J. Burns & Company LLC grew its stake in Costco Wholesale by 34.5% in the 3rd quarter. James J. Burns & Company LLC now owns 745 shares of the retailer’s stock valued at $661,000 after buying an additional 191 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Price Performance

COST stock opened at $1,036.87 on Wednesday. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company has a fifty day moving average price of $986.01 and a 200-day moving average price of $941.00. The company has a market capitalization of $460.27 billion, a P/E ratio of 60.88, a PEG ratio of 6.15 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Analyst Upgrades and Downgrades

COST has been the topic of a number of analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Monday. UBS Group upped their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays upped their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. BMO Capital Markets upped their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Morgan Stanley upped their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Company 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.