DORCHESTER WEALTH MANAGEMENT Co Grows Holdings in Costco Wholesale Co. (NASDAQ:COST)

DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,395 shares of the retailer’s stock after purchasing an additional 100 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Costco Wholesale were worth $6,776,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale during the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale during the 4th quarter worth $33,000. Collier Financial purchased a new position in Costco Wholesale during the 4th quarter worth $35,000. Barrett & Company Inc. raised its position in Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after buying an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC purchased a new position in Costco Wholesale during the 4th quarter worth $41,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on COST shares. DA Davidson upped their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. BMO Capital Markets upped their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Barclays upped their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Loop Capital upped their price target 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. Finally, UBS Group upped their price target 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. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $1,035.03 on Friday. The stock has a market cap of $459.45 billion, a price-to-earnings ratio of 60.78, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23. The company’s 50-day moving average price is $975.61 and its 200 day moving average price is $931.39. 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 declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. Costco Wholesale’s dividend payout ratio is currently 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.