55 North Private Wealth LLC Purchases New Position in Costco Wholesale Corporation $COST

55 North Private Wealth LLC initiated a new position in Costco Wholesale Corporation (NASDAQ:COST) in Q4, acquiring 1,169 shares valued at approximately $1,008,000, contributing to institutional investors owning 68.48% of the company. Costco recently increased its quarterly dividend by 13% to $1.47 per share, signaling robust cash flow and management confidence, and reported strong Q results, beating EPS and revenue expectations. Analysts maintain a “Moderate Buy” consensus rating with an average target price near $1,046.

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