Berbice Capital Management LLC Buys New Shares in Costco Wholesale Co. (NASDAQ:COST)

Berbice Capital Management LLC purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,445 shares of the retailer’s stock, valued at approximately $4,073,000. Costco Wholesale makes up 3.3% of Berbice Capital Management LLC’s investment portfolio, making the stock its 12th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of COST. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale during the 3rd quarter valued at $29,000. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale during the 4th quarter valued at $33,000. Retirement Wealth Solutions LLC bought a new stake in Costco Wholesale during the 4th quarter valued at $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale during the 3rd quarter valued at $58,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in Costco Wholesale during the 4th quarter valued at $58,000. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on COST shares. TD Cowen upped their target price on shares of Costco Wholesale from $975.00 to $1,090.00 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 stock a “hold” rating in a research note on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. UBS Group upped their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Loop Capital upped their target price 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. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Trading Down 0.3 %

Shares of Costco Wholesale stock opened at $939.68 on Friday. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The company has a market cap of $417.12 billion, a price-to-earnings ratio of 55.18, a PEG 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 company’s 50-day moving average price is $951.57 and its 200-day moving average price is $903.72.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio 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.