Northcape Wealth Management LLC Sells 47 Shares of Costco Wholesale Co. (NASDAQ:COST)

Northcape Wealth Management LLC lowered its position in Costco Wholesale Co. (NASDAQ:COST) by 0.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,704 shares of the retailer’s stock after selling 47 shares during the period. Costco Wholesale comprises approximately 2.0% of Northcape Wealth Management LLC’s holdings, making the stock its 11th largest position. Northcape Wealth Management LLC’s holdings in Costco Wholesale were worth $6,143,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Atlas Legacy Advisors LLC purchased a new position in Costco Wholesale in the 4th quarter worth approximately $1,218,000. Bank of Jackson Hole Trust bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $607,000. Davidson Investment Advisors lifted its holdings in shares of Costco Wholesale by 4.5% in the fourth quarter. Davidson Investment Advisors now owns 768 shares of the retailer’s stock worth $703,000 after buying an additional 33 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of Costco Wholesale by 17.9% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 15,473 shares of the retailer’s stock worth $14,177,000 after buying an additional 2,347 shares in the last quarter. Finally, Creative Capital Management Investments LLC boosted its position in shares of Costco Wholesale by 5.8% during the fourth quarter. Creative Capital Management Investments LLC now owns 454 shares of the retailer’s stock worth $416,000 after acquiring an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 1.5 %

Shares of NASDAQ COST opened at $1,056.03 on Wednesday. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. 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 market cap of $468.77 billion, a price-to-earnings ratio of 62.01, a PEG ratio of 6.37 and a beta of 0.84. The business’s 50 day moving average price is $972.43 and its 200-day moving average price is $927.29.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analyst Ratings Changes

A number of analysts have issued reports on COST shares. Barclays lifted their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Stifel Nicolaus lifted their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Sanford C. Bernstein initiated coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target for the company. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Monday, February 3rd. Finally, BMO Capital Markets upped their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

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.