Enterprise Bank & Trust Co Reduces Holdings in Costco Wholesale Co. (NASDAQ:COST)

Enterprise Bank & Trust Co trimmed its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,040 shares of the retailer’s stock after selling 168 shares during the period. Costco Wholesale accounts for about 1.7% of Enterprise Bank & Trust Co’s investment portfolio, making the stock its 13th biggest holding. Enterprise Bank & Trust Co’s holdings in Costco Wholesale were worth $4,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of COST. Sanctuary Wealth Management L.L.C. purchased a new position in Costco Wholesale during the 4th quarter valued at about $26,000. Agur Provident & Training Funds Management Ltd. purchased a new position in Costco Wholesale during the 1st quarter valued at about $42,000. 25 LLC purchased a new position in Costco Wholesale during the 1st quarter valued at about $44,000. Piscataqua Savings Bank lifted its position in Costco Wholesale by 30.1% during the 1st quarter. Piscataqua Savings Bank now owns 95 shares of the retailer’s stock valued at $47,000 after acquiring an additional 22 shares during the period. Finally, Guardian Wealth Advisors LLC bought a new stake in Costco Wholesale during the 1st quarter valued at about $47,000. 66.31% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $564.77 on Friday. The firm has a 50 day moving average of $550.04 and a 200 day moving average of $518.55. The company has a current ratio of 1.08, a quick ratio of 0.57 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $250.25 billion, a price-to-earnings ratio of 41.83, a price-to-earnings-growth ratio of 4.13 and a beta of 0.79. Costco Wholesale Co. has a 12-month low of $447.90 and a 12-month high of $571.16.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were given a dividend of $1.02 per share. The ex-dividend date was Thursday, August 24th. This represents a $4.08 annualized dividend and a yield of 0.72%. Costco Wholesale’s dividend payout ratio (DPR) is 30.22%.

Insider Activity at Costco Wholesale

In related news, Director Susan L. Decker sold 1,565 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $533.00, for a total transaction of $834,145.00. Following the completion of the sale, the director now directly owns 13,329 shares in the company, valued at $7,104,357. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on COST shares. Wells Fargo & Company raised their price objective on shares of Costco Wholesale from $475.00 to $510.00 in a research note on Thursday, August 3rd. StockNews.com started coverage on shares of Costco Wholesale in a research note on Wednesday, August 23rd. They set a “hold” rating for the company. Stifel Nicolaus restated a “buy” rating and set a $575.00 price objective on shares of Costco Wholesale in a research note on Thursday, August 31st. Truist Financial raised their price objective on shares of Costco Wholesale from $567.00 to $597.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, Oppenheimer raised their price objective on shares of Costco Wholesale from $575.00 to $630.00 and gave the company an “outperform” rating in a research note on Tuesday, July 25th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $566.63.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.