Busey Bank Has $2.83 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Busey Bank trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 68.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,083 shares of the retailer’s stock after selling 6,619 shares during the quarter. Busey Bank’s holdings in Costco Wholesale were worth $2,825,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the third quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the 4th quarter valued at about $33,000. FSC Wealth Advisors LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $41,000. Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Raymond James upped their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. TD Cowen raised their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. 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 research note on Friday, December 13th. Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Finally, Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $979.88 on Friday. The business has a 50-day moving average price of $954.19 and a two-hundred day moving average price of $906.54. Costco Wholesale Co. has a 1-year low of $691.50 and a 1-year high of $1,008.25. The company has a market cap of $434.97 billion, a P/E ratio of 57.54, a PEG ratio of 5.75 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The business 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 dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

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.