Citizens & Northern Corp Has $5.11 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Citizens & Northern Corp reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 0.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,573 shares of the retailer’s stock after selling 29 shares during the period. Costco Wholesale accounts for approximately 1.4% of Citizens & Northern Corp’s investment portfolio, making the stock its 18th largest holding. Citizens & Northern Corp’s holdings in Costco Wholesale were worth $5,106,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in COST. Empower Advisory Group LLC grew its position in shares of Costco Wholesale by 4.8% during the 4th quarter. Empower Advisory Group LLC now owns 176,765 shares of the retailer’s stock worth $161,964,000 after buying an additional 8,124 shares during the period. Wealth Quarterback LLC grew its holdings in Costco Wholesale by 10.0% during the 4th quarter. Wealth Quarterback LLC now owns 2,187 shares of the retailer’s stock worth $2,004,000 after acquiring an additional 198 shares during the period. Highview Capital Management LLC DE raised its position in shares of Costco Wholesale by 0.8% during the 4th quarter. Highview Capital Management LLC DE now owns 4,813 shares of the retailer’s stock valued at $4,410,000 after acquiring an additional 40 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV lifted its stake in shares of Costco Wholesale by 1.7% in the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 2,221 shares of the retailer’s stock valued at $2,035,000 after purchasing an additional 38 shares during the period. Finally, Retirement Income Solutions Inc boosted its position in shares of Costco Wholesale by 3.5% in the 4th quarter. Retirement Income Solutions Inc now owns 380 shares of the retailer’s stock worth $348,000 after purchasing an additional 13 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. TD Cowen increased their target price 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. Loop Capital lifted their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Truist Financial upped their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Citigroup lifted their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Price Performance

NASDAQ:COST opened at $1,071.85 on Tuesday. The stock has a market capitalization of $475.79 billion, a PE ratio of 62.94, a P/E/G ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The firm has a fifty day simple moving average of $969.49 and a 200 day simple moving average of $923.85. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.43%. Costco Wholesale’s dividend payout ratio is presently 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.