BankPlus Trust Department Invests $1.35 Million in Costco Wholesale Co. (NASDAQ:COST)

BankPlus Trust Department bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,477 shares of the retailer's stock, valued at approximately $1,353,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $33,000. Collier Financial acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $35,000. Barrett & Company Inc. lifted its holdings in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock valued at $39,000 after acquiring an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $41,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Costco Wholesale stock traded up $0.57 during mid-day trading on Monday, reaching $1,035.60. The company had a trading volume of 1,756,514 shares, compared to its average volume of 1,902,101. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company has a market capitalization of $459.70 billion, a P/E ratio of 60.81, a P/E/G ratio of 6.15 and a beta of 0.84. The stock's 50-day simple moving average is $975.61 and its 200-day simple moving average is $932.24.

Costco Wholesale Announces Dividend

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

Wall Street Analyst Weigh In

COST has been the topic of a number of research analyst reports. UBS Group boosted their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Loop Capital boosted their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Stifel Nicolaus upped their price objective on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Telsey Advisory Group reaffirmed an "outperform" rating on shares of Costco Wholesale in a research report on Friday, February 14th. Finally, Citigroup upped their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.