Costco Wholesale Co. (NASDAQ:COST) Shares Bought by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,395 shares of the retailer’s stock after purchasing an additional 100 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Costco Wholesale were worth $6,776,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Lansing Street Advisors lifted its holdings in shares of Costco Wholesale by 23.9% during the 4th quarter. Lansing Street Advisors now owns 420 shares of the retailer’s stock worth $385,000 after acquiring an additional 81 shares during the period. Howard Capital Management Inc. lifted its holdings in shares of Costco Wholesale by 7.2% during the 4th quarter. Howard Capital Management Inc. now owns 17,640 shares of the retailer’s stock worth $16,163,000 after acquiring an additional 1,187 shares during the period. Integral Investment Advisors Inc. lifted its holdings in shares of Costco Wholesale by 5.1% during the 4th quarter. Integral Investment Advisors Inc. now owns 2,672 shares of the retailer’s stock worth $2,449,000 after acquiring an additional 130 shares during the period. Tradewinds Capital Management LLC lifted its holdings in shares of Costco Wholesale by 3.2% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,559 shares of the retailer’s stock worth $1,429,000 after acquiring an additional 48 shares during the period. Finally, Marshall Investment Management LLC purchased a new position in shares of Costco Wholesale during the 4th quarter worth about $70,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 0.0 %

Shares of NASDAQ:COST opened at $1,035.03 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 company has a fifty day simple moving average of $975.61 and a 200 day simple moving average of $931.39. The firm has a market cap of $459.45 billion, a PE ratio of 60.78, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Barclays raised 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. Evercore ISI reaffirmed a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Truist Financial lifted their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group lifted 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. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

About Costco Wholesale

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.