Northstar Asset Management Inc. cut its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,604 shares of the retailer's stock after selling 1,316 shares during the quarter. Costco Wholesale comprises about 4.7% of Northstar Asset Management Inc.'s investment portfolio, making the stock its 4th biggest position. Northstar Asset Management Inc.'s holdings in Costco Wholesale were worth $17,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale in the third quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale during the fourth quarter worth about $33,000. Collier Financial bought a new stake in Costco Wholesale in the fourth quarter valued at about $35,000. Barrett & Company Inc. increased its holdings in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock valued at $39,000 after buying an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $41,000. 68.48% of the stock is owned by hedge funds and other institutional investors.
Costco Wholesale Price Performance
NASDAQ:COST traded down $6.41 during mid-day trading on Friday, hitting $1,028.43. The company's stock had a trading volume of 594,343 shares, compared to its average volume of 1,868,808. The company has a market capitalization of $456.52 billion, a price-to-earnings ratio of 60.39, a P/E/G ratio of 6.32 and a beta of 0.84. The stock has a fifty day moving average of $974.70 and a 200-day moving average of $928.97. 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 Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23.
Costco Wholesale Dividend Announcement
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 issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Friday, February 7th. Costco Wholesale's payout ratio is 27.25%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on COST shares. Truist Financial boosted their price objective on Costco Wholesale from $909.00 to $935.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. Barclays upped their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an "equal weight" rating in a research report on Friday, December 13th. Telsey Advisory Group restated an "outperform" rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Monday, February 3rd. BMO Capital Markets upped their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Finally, Jefferies Financial Group upped their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,021.93.
Get Our Latest Stock Analysis on Costco Wholesale
About Costco Wholesale
(
Free Report)
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.
See Also
Before you consider Costco Wholesale, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Costco Wholesale wasn't on the list.
While Costco Wholesale currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
