4,445 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by Berbice Capital Management LLC

Berbice Capital Management LLC acquired a new position in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,445 shares of the retailer’s stock, valued at approximately $4,073,000. Costco Wholesale comprises 3.3% of Berbice Capital Management LLC’s investment portfolio, making the stock its 12th largest holding.

Other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale in the third quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale in the fourth quarter worth approximately $33,000. Retirement Wealth Solutions LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth approximately $55,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Costco Wholesale during the fourth quarter valued at approximately $58,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Costco Wholesale during the third quarter valued at approximately $58,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $939.68 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $417.12 billion, a P/E ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84. The business has a fifty day simple moving average of $951.57 and a two-hundred day simple moving average of $903.72. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders 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 yield of 0.49%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Ratings Changes

COST has been the topic of a number of recent research reports. TD Cowen increased their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. BMO Capital Markets increased their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Jefferies Financial Group increased their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Tigress Financial reiterated a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday, October 17th. Finally, Raymond James increased their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale presently has a consensus 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.