North Point Portfolio Managers Corp OH Has $27.50 Million Position in Costco Wholesale Co. (NASDAQ:COST)

North Point Portfolio Managers Corp OH decreased its stake in Costco Wholesale Co. (NASDAQ:COST) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,008 shares of the retailer’s stock after selling 1,058 shares during the quarter. Costco Wholesale comprises 4.8% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its biggest holding. North Point Portfolio Managers Corp OH’s holdings in Costco Wholesale were worth $27,495,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale in the third quarter worth about $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale in the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC bought a new position in Costco Wholesale in the 4th quarter worth about $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale during the third quarter valued at approximately $58,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $58,000. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on COST shares. Loop Capital upped their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report 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 report on Friday, December 13th. BMO Capital Markets boosted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. TD Cowen increased their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Truist Financial lifted their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $958.67 on Wednesday. Costco Wholesale Co. has a 1 year low of $686.26 and a 1 year high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company’s fifty day moving average price is $952.49 and its 200 day moving average price is $904.81. The company has a market capitalization of $425.55 billion, a PE ratio of 56.29, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm also recently declared 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 of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. Costco Wholesale’s payout ratio is 27.25%.

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.