Pachira Investments Inc. Raises Position in Costco Wholesale Co. (NASDAQ:COST)

Pachira Investments Inc. grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 553 shares of the retailer’s stock after purchasing an additional 32 shares during the period. Costco Wholesale makes up about 0.2% of Pachira Investments Inc.’s portfolio, making the stock its 25th biggest holding. Pachira Investments Inc.’s holdings in Costco Wholesale were worth $248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. acquired a new position in Costco Wholesale in the second quarter valued at approximately $31,000. KB Financial Partners LLC acquired a new position in Costco Wholesale in the first quarter valued at approximately $35,000. Eubel Brady & Suttman Asset Management Inc. acquired a new position in Costco Wholesale in the second quarter valued at approximately $35,000. West Financial Advisors LLC increased its position in shares of Costco Wholesale by 100.0% in the second quarter. West Financial Advisors LLC now owns 100 shares of the retailer’s stock valued at $40,000 after buying an additional 50 shares in the last quarter. Finally, PNC Managed Account Solutions Inc. purchased a new stake in shares of Costco Wholesale in the second quarter valued at approximately $42,000. 66.87% of the stock is currently owned by hedge funds and other institutional investors.

COST traded up $4.47 during mid-day trading on Thursday, hitting $549.73. 2,315,610 shares of the stock were exchanged, compared to its average volume of 2,180,508. The firm’s fifty day moving average is $481.58 and its two-hundred day moving average is $438.24. Costco Wholesale Co. has a 1-year low of $307.00 and a 1-year high of $550.83. The company has a current ratio of 1.00, a quick ratio of 0.52 and a debt-to-equity ratio of 0.37. The company has a market cap of $242.88 billion, a PE ratio of 48.78, a PEG ratio of 5.08 and a beta of 0.65.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Wednesday, September 22nd. The retailer reported $3.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.57 by $0.33. Costco Wholesale had a return on equity of 29.62% and a net margin of 2.56%. The firm had revenue of $61.44 billion for the quarter, compared to analyst estimates of $61.45 billion. During the same quarter in the prior year, the company earned $3.13 EPS. Costco Wholesale’s revenue was up 17.5% on a year-over-year basis. As a group, research analysts anticipate that Costco Wholesale Co. will post 12.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 12th. Shareholders of record on Friday, October 29th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, October 28th. Costco Wholesale’s dividend payout ratio is currently 28.04%.

Several analysts recently commented on the company. Evercore ISI boosted their price target on Costco Wholesale from $480.00 to $525.00 and gave the stock an “outperform” rating in a research report on Thursday, November 4th. Loop Capital boosted their price target on Costco Wholesale from $515.00 to $545.00 and gave the stock a “buy” rating in a research report on Monday, November 1st. Credit Suisse Group upped their target price on Costco Wholesale from $400.00 to $490.00 and gave the company a “neutral” rating in a report on Monday, September 27th. Deutsche Bank Aktiengesellschaft upped their target price on Costco Wholesale from $468.00 to $472.00 and gave the company a “hold” rating in a report on Thursday, November 4th. Finally, Telsey Advisory Group upped their target price on Costco Wholesale from $480.00 to $535.00 and gave the company an “outperform” rating in a report on Monday, November 1st. Six equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $496.23.

Costco Wholesale Company Profile

Costco Wholesale Corp. engages in the operation of membership warehouses. The firm’s product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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