Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Lifted by True North Advisors LLC

True North Advisors LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 62.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,119 shares of the retailer’s stock after buying an additional 3,888 shares during the period. Costco Wholesale comprises about 2.2% of True North Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. True North Advisors LLC’s holdings in Costco Wholesale were worth $9,272,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the third quarter worth about $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $55,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $58,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Costco Wholesale during the third quarter valued at approximately $58,000. Finally, Christopher J. Hasenberg Inc lifted its stake in Costco Wholesale by 329.4% in the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after acquiring an additional 56 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST opened at $942.16 on Friday. The company has a market cap of $418.22 billion, a price-to-earnings ratio of 55.32, a P/E/G ratio of 5.65 and a beta of 0.84. The business’s fifty day simple moving average is $950.56 and its two-hundred day simple moving average is $903.04. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. 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 firm also recently disclosed 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 dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Analysts Set New Price Targets

Several brokerages have commented on COST. Raymond James upped their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Thursday, January 9th. Evercore ISI lifted their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. DA Davidson increased their target price on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, TD Cowen lifted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

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.