waypoint wealth counsel Has $1.40 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

waypoint wealth counsel increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 14.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,529 shares of the retailer’s stock after buying an additional 188 shares during the quarter. Costco Wholesale comprises about 0.9% of waypoint wealth counsel’s portfolio, making the stock its 27th biggest position. waypoint wealth counsel’s holdings in Costco Wholesale were worth $1,401,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in COST. KBC Group NV lifted its stake in shares of Costco Wholesale by 47.5% in the fourth quarter. KBC Group NV now owns 130,110 shares of the retailer’s stock valued at $119,215,000 after buying an additional 41,904 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Costco Wholesale in the 4th quarter worth about $8,776,000. Apexium Financial LP lifted its position in Costco Wholesale by 2.0% in the 4th quarter. Apexium Financial LP now owns 773 shares of the retailer’s stock valued at $708,000 after acquiring an additional 15 shares in the last quarter. Capital Asset Advisory Services LLC boosted its stake in Costco Wholesale by 2.8% during the 4th quarter. Capital Asset Advisory Services LLC now owns 4,324 shares of the retailer’s stock valued at $3,963,000 after purchasing an additional 118 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Costco Wholesale by 46.9% during the 4th quarter. Blue Trust Inc. now owns 9,932 shares of the retailer’s stock worth $8,805,000 after purchasing an additional 3,173 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on COST. Sanford C. Bernstein started coverage on Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price on the stock. DA Davidson lifted their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Truist Financial increased their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Loop Capital boosted 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 report on Friday, December 13th. Finally, Morgan Stanley increased their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Trading Up 2.7 %

NASDAQ:COST opened at $965.25 on Tuesday. The company has a market cap of $428.47 billion, a P/E ratio of 56.68, a P/E/G ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $686.26 and a 1 year high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock’s fifty day moving average price is $951.57 and its two-hundred day moving average price is $903.97.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.48%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

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.