NBT Bank N A NY Sells 812 Shares of Costco Wholesale Co. (NASDAQ:COST)

NBT Bank N A NY decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,709 shares of the retailer’s stock after selling 812 shares during the period. Costco Wholesale accounts for about 1.1% of NBT Bank N A NY’s holdings, making the stock its 20th largest holding. NBT Bank N A NY’s holdings in Costco Wholesale were worth $15,310,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Taika Capital LP bought a new position in shares of Costco Wholesale in the 4th quarter worth approximately $719,000. Bell Investment Advisors Inc raised its position in shares of Costco Wholesale by 14.4% in the 4th quarter. Bell Investment Advisors Inc now owns 151 shares of the retailer’s stock worth $138,000 after acquiring an additional 19 shares in the last quarter. SLT Holdings LLC bought a new position in shares of Costco Wholesale in the 4th quarter worth approximately $461,000. Enterprise Financial Services Corp grew its stake in shares of Costco Wholesale by 5.8% in the 4th quarter. Enterprise Financial Services Corp now owns 869 shares of the retailer’s stock worth $796,000 after buying an additional 48 shares during the last quarter. Finally, Sowell Financial Services LLC grew its stake in shares of Costco Wholesale by 19.5% in the 4th quarter. Sowell Financial Services LLC now owns 21,150 shares of the retailer’s stock worth $19,379,000 after buying an additional 3,445 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in 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 research note on Thursday, February 6th. Morgan Stanley upped their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Jefferies Financial Group upped their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Roth Mkm upped their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Barclays upped their price target on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Ten analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $1,029.00.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $964.31 on Monday. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.24. The stock’s fifty day moving average is $989.69 and its 200 day moving average is $943.88. The stock has a market cap of $428.06 billion, a P/E ratio of 56.62, a P/E/G ratio of 6.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The company had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. Sell-side analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. Costco Wholesale’s dividend payout ratio is currently 27.09%.

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.