Five Pine Wealth Management Invests $451,000 in Costco Wholesale Co. (NASDAQ:COST)

Five Pine Wealth Management purchased a new stake in Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 493 shares of the retailer’s stock, valued at approximately $451,000. Costco Wholesale comprises about 0.4% of Five Pine Wealth Management’s investment portfolio, making the stock its 27th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in COST. Concord Wealth Partners raised its stake in Costco Wholesale by 3.3% during the fourth quarter. Concord Wealth Partners now owns 4,315 shares of the retailer’s stock worth $3,953,000 after purchasing an additional 137 shares during the period. Concord Asset Management LLC VA increased its holdings in shares of Costco Wholesale by 5.6% during the 4th quarter. Concord Asset Management LLC VA now owns 4,323 shares of the retailer’s stock worth $3,961,000 after buying an additional 230 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Costco Wholesale by 16.5% during the 4th quarter. Chicago Partners Investment Group LLC now owns 5,435 shares of the retailer’s stock valued at $5,040,000 after buying an additional 768 shares during the period. New Millennium Group LLC raised its position in shares of Costco Wholesale by 5.7% during the 4th quarter. New Millennium Group LLC now owns 3,202 shares of the retailer’s stock valued at $2,933,000 after buying an additional 174 shares during the period. Finally, Waldron Private Wealth LLC grew its position in Costco Wholesale by 21.2% in the fourth quarter. Waldron Private Wealth LLC now owns 3,676 shares of the retailer’s stock worth $3,368,000 after acquiring an additional 643 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Sanford C. Bernstein initiated coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Stifel Nicolaus upped their target price on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Jefferies Financial Group lifted their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. DA Davidson upped their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, BMO Capital Markets lifted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Trading Up 0.1 %

COST opened at $979.88 on Friday. The business’s 50-day simple moving average is $954.51 and its 200-day simple moving average is $907.45. The company has a market cap of $434.97 billion, a P/E ratio of 57.54, a PEG ratio of 5.75 and a beta of 0.84. Costco Wholesale Co. has a one year low of $691.50 and a one year high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

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.