Penobscot Wealth Management Acquires 12 Shares of Costco Wholesale Co. (NASDAQ:COST)

Penobscot Wealth Management lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 357 shares of the retailer’s stock after buying an additional 12 shares during the period. Penobscot Wealth Management’s holdings in Costco Wholesale were worth $327,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the third quarter valued at about $29,000. Synergy Investment Management LLC bought a new stake in shares of Costco Wholesale in the fourth quarter valued at about $31,000. NewSquare Capital LLC raised its holdings in shares of Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after acquiring an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale in the fourth quarter valued at about $33,000. Finally, Collier Financial bought a new stake in shares of Costco Wholesale in the fourth quarter valued at about $35,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Down 0.4 %

Shares of NASDAQ:COST opened at $927.08 on Thursday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24. The company has a market capitalization of $411.53 billion, a PE ratio of 54.44, a PEG ratio of 6.15 and a beta of 0.81. The business has a 50 day moving average of $990.44 and a two-hundred day moving average of $944.52. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The company had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. As a group, analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s payout ratio is 27.09%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on COST. Roth Mkm lifted their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. DA Davidson lifted their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. lifted their target price on Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research note on Monday, March 3rd. Finally, Cowen reiterated a “buy” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $1,030.43.

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.