Bank of Jackson Hole Trust Makes New Investment in Costco Wholesale Co. (NASDAQ:COST)

Bank of Jackson Hole Trust acquired a new stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 663 shares of the retailer's stock, valued at approximately $607,000.

Other large investors also recently modified their holdings of the company. Davidson Investment Advisors increased its stake in shares of Costco Wholesale by 4.5% in the fourth quarter. Davidson Investment Advisors now owns 768 shares of the retailer's stock worth $703,000 after buying an additional 33 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its position in shares of Costco Wholesale by 17.9% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 15,473 shares of the retailer's stock worth $14,177,000 after purchasing an additional 2,347 shares during the last quarter. Creative Capital Management Investments LLC raised its stake in shares of Costco Wholesale by 5.8% in the 4th quarter. Creative Capital Management Investments LLC now owns 454 shares of the retailer's stock valued at $416,000 after purchasing an additional 25 shares in the last quarter. Valley Wealth Managers Inc. lifted its position in shares of Costco Wholesale by 4.1% during the fourth quarter. Valley Wealth Managers Inc. now owns 1,178 shares of the retailer's stock worth $1,080,000 after purchasing an additional 46 shares during the last quarter. Finally, Davidson Trust Co. grew its stake in Costco Wholesale by 1.4% in the fourth quarter. Davidson Trust Co. now owns 5,653 shares of the retailer's stock worth $5,180,000 after purchasing an additional 80 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on COST. Stifel Nicolaus lifted their target price 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. TD Cowen increased their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Evercore ISI lifted their price target on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Roth Mkm raised their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Finally, Robert W. Baird upped their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Costco Wholesale has a consensus rating of "Moderate Buy" and a consensus target price of $1,021.93.

Costco Wholesale Price Performance

Shares of COST traded up $0.20 during mid-day trading on Friday, hitting $1,035.03. The company's stock had a trading volume of 1,815,187 shares, compared to its average volume of 1,906,306. The stock has a market capitalization of $459.45 billion, a price-to-earnings ratio of 60.78, a PEG ratio of 6.32 and a beta of 0.84. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week 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 firm has a 50-day moving average price of $974.70 and a 200 day moving average price of $928.97.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. Costco Wholesale's dividend payout ratio (DPR) 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.