Pachira Investments Inc. Has $789,000 Position in Costco Wholesale Co. (NASDAQ:COST)

Pachira Investments Inc. lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,077 shares of the retailer’s stock after selling 20 shares during the period. Costco Wholesale accounts for 0.6% of Pachira Investments Inc.’s holdings, making the stock its 22nd biggest position. Pachira Investments Inc.’s holdings in Costco Wholesale were worth $789,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Richelieu Gestion SA bought a new position in shares of Costco Wholesale during the fourth quarter worth approximately $25,000. Frank Rimerman Advisors LLC bought a new position in Costco Wholesale during the 4th quarter worth $26,000. Morton Brown Family Wealth LLC lifted its holdings in shares of Costco Wholesale by 200.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock worth $30,000 after buying an additional 30 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of Costco Wholesale in the fourth quarter valued at about $30,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Costco Wholesale in the first quarter valued at about $32,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the subject of several analyst reports. Argus lifted their price objective on shares of Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Loop Capital boosted their price target on Costco Wholesale from $890.00 to $940.00 and gave the company a “buy” rating in a research note on Friday, June 14th. TD Cowen raised their price objective on Costco Wholesale from $777.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Oppenheimer upped their target price on Costco Wholesale from $850.00 to $905.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Finally, Wells Fargo & Company raised their price target on Costco Wholesale from $750.00 to $775.00 and gave the stock an “equal weight” rating in a research report on Friday, May 31st. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $758.70.

Costco Wholesale Trading Up 0.4 %

COST opened at $862.66 on Thursday. Costco Wholesale Co. has a twelve month low of $524.63 and a twelve month high of $873.96. The company has a fifty day moving average of $807.29 and a 200-day moving average of $743.56. The stock has a market cap of $382.44 billion, a PE ratio of 53.45, a price-to-earnings-growth ratio of 5.68 and a beta of 0.78. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.08. The firm had revenue of $58.52 billion during the quarter, compared to analyst estimates of $58.16 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $3.43 EPS. On average, sell-side analysts predict that Costco Wholesale Co. will post 15.98 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were paid a $1.16 dividend. The ex-dividend date was Thursday, April 25th. This represents a $4.64 annualized dividend and a dividend yield of 0.54%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s payout ratio is currently 28.75%.

Insider Buying and Selling

In related news, EVP Russell D. Miller sold 785 shares of Costco Wholesale stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the completion of the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

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.