NORTHSTAR ASSET MANAGEMENT Co LLC Buys 50 Shares of Costco Wholesale Co. (NASDAQ:COST)

NORTHSTAR ASSET MANAGEMENT Co LLC boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,700 shares of the retailer’s stock after buying an additional 50 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in Costco Wholesale were worth $2,474,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sculati Wealth Management LLC lifted its holdings in Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after acquiring an additional 11 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Costco Wholesale by 0.3% during the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after buying an additional 11 shares during the last quarter. Gill Capital Partners LLC raised its stake in shares of Costco Wholesale by 0.9% during the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock worth $1,164,000 after buying an additional 11 shares during the last quarter. Scott Capital Advisors LLC raised its stake in shares of Costco Wholesale by 0.8% during the 4th quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after buying an additional 11 shares during the last quarter. Finally, Lantz Financial LLC raised its stake in shares of Costco Wholesale by 1.7% during the 4th quarter. Lantz Financial LLC now owns 645 shares of the retailer’s stock worth $591,000 after buying an additional 11 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on COST. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Jefferies Financial Group lifted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley lifted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Wells Fargo & Company lifted their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Tigress Financial reiterated a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Up 1.7 %

Shares of NASDAQ:COST opened at $1,061.92 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,063.00. The stock has a market capitalization of $471.39 billion, a P/E ratio of 62.36, a PEG ratio of 6.26 and a beta of 0.84. The stock has a 50-day simple moving average of $961.27 and a 200-day simple moving average of $915.02.

Costco Wholesale Dividend Announcement

The business 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. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Costco Wholesale 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.