Guyasuta Investment Advisors Inc. Has $2.64 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Guyasuta Investment Advisors Inc. cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 17.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,882 shares of the retailer's stock after selling 602 shares during the quarter. Guyasuta Investment Advisors Inc.'s holdings in Costco Wholesale were worth $2,641,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at about $33,000. Collier Financial acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at about $35,000. Barrett & Company Inc. lifted its holdings in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock valued at $39,000 after buying an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at about $41,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

COST stock traded up $6.51 during trading on Wednesday, hitting $1,062.54. The company had a trading volume of 1,347,098 shares, compared to its average volume of 1,906,059. The company has a fifty day moving average price of $972.43 and a two-hundred day moving average price of $927.29. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market cap of $471.66 billion, a P/E ratio of 62.39, a P/E/G ratio of 6.37 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.

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Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale's dividend payout ratio is 27.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Raymond James lifted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Truist Financial boosted their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a "hold" rating in a report on Friday, December 13th. Citigroup boosted their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. Oppenheimer restated an "outperform" rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Finally, Wells Fargo & Company boosted their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an "equal weight" rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,021.93.

Costco Wholesale 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.