Indiana Trust & Investment Management Co Has $7.01 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Indiana Trust & Investment Management Co trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,650 shares of the retailer’s stock after selling 78 shares during the quarter. Costco Wholesale accounts for about 2.4% of Indiana Trust & Investment Management Co’s holdings, making the stock its 10th largest position. Indiana Trust & Investment Management Co’s holdings in Costco Wholesale were worth $7,009,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in COST. Shade Tree Advisors LLC purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $745,000. Wealth Advisors Northwest LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter worth $470,000. TCV Trust & Wealth Management Inc. boosted its stake in Costco Wholesale by 0.8% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 12,620 shares of the retailer’s stock valued at $11,563,000 after buying an additional 94 shares during the period. Sonata Capital Group Inc. grew its position in Costco Wholesale by 3.6% during the fourth quarter. Sonata Capital Group Inc. now owns 1,794 shares of the retailer’s stock worth $1,644,000 after buying an additional 62 shares in the last quarter. Finally, David Wealth Management LLC bought a new position in Costco Wholesale in the 4th quarter worth about $275,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.6 %

NASDAQ COST opened at $1,065.12 on Thursday. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,067.00. The stock has a market capitalization of $472.81 billion, a PE ratio of 62.54, a PEG ratio of 6.26 and a beta of 0.84. 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 business’s 50-day moving average is $964.53 and its 200 day moving average is $918.45.

Costco Wholesale Dividend Announcement

The firm 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 $1.16 dividend. The ex-dividend date is 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 is currently 27.25%.

Analyst Upgrades and Downgrades

COST has been the subject of a number of research analyst reports. Citigroup lifted their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Robert W. Baird boosted their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Tigress Financial restated a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Finally, UBS Group increased their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Company 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.