Pacific Sage Partners LLC Acquires 467 Shares of Costco Wholesale Co. (NASDAQ:COST)

Pacific Sage Partners LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,059 shares of the retailer’s stock after purchasing an additional 467 shares during the period. Costco Wholesale comprises about 1.5% of Pacific Sage Partners LLC’s portfolio, making the stock its 18th largest holding. Pacific Sage Partners LLC’s holdings in Costco Wholesale were worth $6,468,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale in the 4th quarter worth about $33,000. FSC Wealth Advisors LLC acquired a new stake in Costco Wholesale in the 4th quarter worth about $41,000. Retirement Wealth Solutions LLC acquired a new stake in Costco Wholesale in the 4th quarter worth about $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Costco Wholesale in the 3rd quarter worth about $58,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ COST opened at $1,005.83 on Tuesday. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,009.61. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $446.49 billion, a P/E ratio of 59.06, a PEG ratio of 5.84 and a beta of 0.84. The company has a 50-day moving average price of $954.51 and a 200-day moving average price of $908.28.

Costco Wholesale Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.46%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Wall Street Analysts Forecast Growth

COST has been the subject of several analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday. Loop Capital raised their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. UBS Group raised their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Stifel Nicolaus raised their target price on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, DA Davidson raised their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

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.