Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Maple Capital Management Inc.

Maple Capital Management Inc. increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 61,887 shares of the retailer’s stock after buying an additional 245 shares during the period. Costco Wholesale makes up 4.2% of Maple Capital Management Inc.’s holdings, making the stock its 7th biggest holding. Maple Capital Management Inc.’s holdings in Costco Wholesale were worth $56,705,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in COST. SVB Wealth LLC bought a new stake in shares of Costco Wholesale during the fourth quarter worth $24,712,000. Tower Bridge Advisors increased its position in Costco Wholesale by 1.2% in the fourth quarter. Tower Bridge Advisors now owns 9,873 shares of the retailer’s stock worth $9,046,000 after purchasing an additional 113 shares during the period. Illumine Investment Management LLC acquired a new stake in Costco Wholesale in the fourth quarter worth about $3,975,000. Tufton Capital Management lifted its position in Costco Wholesale by 1.0% during the 4th quarter. Tufton Capital Management now owns 2,604 shares of the retailer’s stock valued at $2,386,000 after purchasing an additional 27 shares during the period. Finally, Veridan Wealth LLC bought a new position in shares of Costco Wholesale in the 4th quarter valued at about $376,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 2.6 %

NASDAQ:COST opened at $1,048.61 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The company has a market cap of $465.48 billion, a P/E ratio of 61.57, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The business has a 50 day moving average price of $982.51 and a two-hundred day moving average price of $937.59.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Analyst Ratings Changes

COST has been the subject of a number of recent research reports. Jefferies Financial Group boosted their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Truist Financial increased their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Raymond James lifted their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Citigroup increased their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Finally, Telsey Advisory Group restated an “outperform” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.