Bell Bank Has $2.17 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Bell Bank raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,370 shares of the retailer’s stock after buying an additional 38 shares during the period. Bell Bank’s holdings in Costco Wholesale were worth $2,172,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cromwell Holdings LLC raised its position in Costco Wholesale by 0.9% in the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after buying an additional 10 shares during the last quarter. Sculati Wealth Management LLC grew its stake in shares of Costco Wholesale by 0.3% in the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after acquiring an additional 11 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Costco Wholesale by 0.3% during the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after purchasing an additional 11 shares in the last quarter. Gill Capital Partners LLC lifted its position in shares of Costco Wholesale by 0.9% during the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after purchasing an additional 11 shares in the last quarter. Finally, Scott Capital Advisors LLC boosted its holdings in Costco Wholesale by 0.8% during the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after purchasing an additional 11 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $1,035.03 on Friday. The stock’s 50-day simple moving average is $975.61 and its two-hundred day simple moving average is $930.59. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The firm has a market capitalization of $459.45 billion, a P/E ratio of 60.78, a P/E/G ratio of 6.15 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Truist Financial lifted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Evercore ISI upped their price objective on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Barclays raised their target price on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Oppenheimer restated an “outperform” rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company lifted their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” 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 stock. According to data from MarketBeat, the stock 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.