North Point Portfolio Managers Corp OH Sells 1,058 Shares of Costco Wholesale Co. (NASDAQ:COST)

North Point Portfolio Managers Corp OH lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,008 shares of the retailer’s stock after selling 1,058 shares during the period. Costco Wholesale accounts for approximately 4.8% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its biggest position. North Point Portfolio Managers Corp OH’s holdings in Costco Wholesale were worth $27,495,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale during the third quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $33,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $55,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $58,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Costco Wholesale during the third quarter worth approximately $58,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on COST shares. Citigroup lifted their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. UBS Group increased their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Roth Mkm lifted their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Finally, Oppenheimer restated an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Stock Down 0.7 %

COST stock opened at $958.67 on Wednesday. Costco Wholesale Co. has a one year low of $686.26 and a one year high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company has a fifty day moving average of $952.49 and a 200-day moving average of $904.81. The stock has a market capitalization of $425.55 billion, a PE ratio of 56.29, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders 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 yield of 0.48%. The ex-dividend date is Friday, February 7th. 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.