waypoint wealth counsel Purchases 188 Shares of Costco Wholesale Co. (NASDAQ:COST)

waypoint wealth counsel lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 14.0% during the 4th quarter, HoldingsChannel reports. The firm owned 1,529 shares of the retailer’s stock after buying an additional 188 shares during the period. Costco Wholesale comprises about 0.9% of waypoint wealth counsel’s investment portfolio, making the stock its 27th biggest position. waypoint wealth counsel’s holdings in Costco Wholesale were worth $1,401,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale in the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the fourth quarter valued at $33,000. Retirement Wealth Solutions LLC purchased a new stake in Costco Wholesale during the fourth quarter valued at about $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale during the third quarter worth about $58,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Costco Wholesale in the 4th quarter worth about $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Raymond James raised their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Jefferies Financial Group boosted their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Truist Financial increased their target price 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. DA Davidson boosted their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Evercore ISI raised their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Price Performance

COST opened at $965.25 on Tuesday. Costco Wholesale Co. has a 12-month low of $686.26 and a 12-month high of $1,008.25. The company has a market cap of $428.47 billion, a price-to-earnings ratio of 56.68, a price-to-earnings-growth ratio of 5.63 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. The stock has a fifty day simple moving average of $951.57 and a two-hundred day simple moving average of $903.97.

Costco Wholesale Announces Dividend

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 given a dividend of $1.16 per share. The ex-dividend date is 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 (DPR) is currently 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.