Pachira Investments Inc. Buys 23 Shares of Costco Wholesale Co. (NASDAQ:COST)

Pachira Investments Inc. grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,113 shares of the retailer’s stock after purchasing an additional 23 shares during the period. Costco Wholesale comprises approximately 0.6% of Pachira Investments Inc.’s portfolio, making the stock its 27th biggest position. Pachira Investments Inc.’s holdings in Costco Wholesale were worth $1,027,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principle Wealth Partners LLC boosted its stake in shares of Costco Wholesale by 0.3% in the 4th quarter. Principle Wealth Partners LLC now owns 5,735 shares of the retailer’s stock worth $5,255,000 after buying an additional 16 shares during the last quarter. Panoramic Capital Partners LLC purchased a new position in shares of Costco Wholesale in the 4th quarter worth approximately $1,783,000. International Private Wealth Advisors LLC boosted its stake in shares of Costco Wholesale by 75.7% in the 4th quarter. International Private Wealth Advisors LLC now owns 2,823 shares of the retailer’s stock worth $2,587,000 after buying an additional 1,216 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its stake in shares of Costco Wholesale by 5.9% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 3,256 shares of the retailer’s stock worth $2,984,000 after buying an additional 181 shares during the last quarter. Finally, NORTHSTAR ASSET MANAGEMENT Co LLC boosted its stake in shares of Costco Wholesale by 1.9% in the 4th quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 2,700 shares of the retailer’s stock worth $2,474,000 after buying an additional 50 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Price Performance

Shares of COST opened at $1,058.34 on Wednesday. The firm has a market cap of $469.80 billion, a PE ratio of 62.15, a P/E/G ratio of 6.26 and a beta of 0.84. 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 fifty day simple moving average of $963.01 and a two-hundred day simple moving average of $916.76. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,066.00.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Analysts Set New Price Targets

COST has been the topic of a number of research analyst reports. Oppenheimer restated an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Robert W. Baird upped their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. DA Davidson upped their price objective 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. Truist Financial upped their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Finally, Wells Fargo & Company upped their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average target price 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.