M&T Bank Corp Sells 3,689 Shares of Costco Wholesale Co. (NASDAQ:COST)

M&T Bank Corp decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 222,944 shares of the retailer's stock after selling 3,689 shares during the quarter. M&T Bank Corp owned about 0.05% of Costco Wholesale worth $204,277,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of COST. LVZ Inc. increased its position in shares of Costco Wholesale by 281.1% during the fourth quarter. LVZ Inc. now owns 869 shares of the retailer's stock worth $796,000 after acquiring an additional 641 shares in the last quarter. Assetmark Inc. boosted its stake in Costco Wholesale by 6.7% during the 4th quarter. Assetmark Inc. now owns 42,302 shares of the retailer's stock valued at $38,760,000 after purchasing an additional 2,671 shares during the last quarter. NewSquare Capital LLC increased its holdings in Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock worth $32,000 after purchasing an additional 25 shares in the last quarter. J.Safra Asset Management Corp raised its stake in shares of Costco Wholesale by 33.4% in the fourth quarter. J.Safra Asset Management Corp now owns 527 shares of the retailer's stock worth $486,000 after purchasing an additional 132 shares during the last quarter. Finally, Abbot Financial Management Inc. raised its stake in shares of Costco Wholesale by 6.1% in the fourth quarter. Abbot Financial Management Inc. now owns 911 shares of the retailer's stock worth $834,000 after purchasing an additional 52 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. DA Davidson upped their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a "neutral" rating in a report on Thursday, February 6th. Roth Mkm lifted their price objective 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. Loop Capital increased their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a "buy" rating in a report on Friday, December 13th. Oppenheimer restated an "outperform" rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Finally, Truist Financial lifted their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a "hold" rating in a research note on Friday, December 13th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,021.93.

Costco Wholesale Price Performance

NASDAQ:COST traded up $10.88 during mid-day trading on Wednesday, hitting $1,047.75. 1,896,493 shares of the stock traded hands, compared to its average volume of 1,833,593. The business's 50-day moving average price is $987.79 and its 200 day moving average price is $941.75. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market cap of $465.10 billion, a PE ratio of 61.52, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24.

Costco Wholesale Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale's dividend payout ratio (DPR) is currently 27.25%.

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.