WASHINGTON TRUST Co Sells 806 Shares of Costco Wholesale Co. (NASDAQ:COST)

WASHINGTON TRUST Co trimmed its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,123 shares of the retailer's stock after selling 806 shares during the quarter. Costco Wholesale makes up 1.0% of WASHINGTON TRUST Co's holdings, making the stock its 21st largest position. WASHINGTON TRUST Co's holdings in Costco Wholesale were worth $27,601,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of COST. Center for Financial Planning Inc. lifted its stake in shares of Costco Wholesale by 5.5% during the 4th quarter. Center for Financial Planning Inc. now owns 328 shares of the retailer's stock worth $301,000 after buying an additional 17 shares during the last quarter. PUREfi Wealth LLC bought a new position in Costco Wholesale in the 4th quarter valued at about $344,000. Sage Advisors LLC lifted its position in Costco Wholesale by 21.5% during the fourth quarter. Sage Advisors LLC now owns 1,464 shares of the retailer's stock worth $1,341,000 after acquiring an additional 259 shares during the last quarter. Adell Harriman & Carpenter Inc. boosted its holdings in shares of Costco Wholesale by 2.5% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 37,860 shares of the retailer's stock worth $34,691,000 after acquiring an additional 934 shares during the period. Finally, Bank Pictet & Cie Europe AG grew its position in shares of Costco Wholesale by 45.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer's stock valued at $107,436,000 after purchasing an additional 36,384 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Jefferies Financial Group boosted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Morgan Stanley upped their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. BMO Capital Markets lifted their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Roth Mkm increased their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Finally, Robert W. Baird raised their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock 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 data from MarketBeat, Costco Wholesale presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,021.93.

Costco Wholesale Trading Up 0.6 %

Costco Wholesale stock traded up $6.51 during trading hours on Wednesday, hitting $1,062.54. The stock had a trading volume of 1,346,846 shares, compared to its average volume of 1,906,059. The business's 50 day simple moving average is $972.43 and its 200-day simple moving average is $927.29. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.23. The stock has a market cap of $471.66 billion, a price-to-earnings ratio of 62.39, a P/E/G ratio of 6.37 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale's dividend payout ratio (DPR) is presently 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.