Parr Mcknight Wealth Management Group LLC Acquires Shares of 5,834 Costco Wholesale Co. (NASDAQ:COST)

Parr Mcknight Wealth Management Group LLC acquired a new stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 5,834 shares of the retailer's stock, valued at approximately $5,345,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cromwell Holdings LLC lifted its holdings in shares of Costco Wholesale by 0.9% in the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer's stock valued at $1,048,000 after acquiring an additional 10 shares during the last quarter. 44 Wealth Management LLC lifted its holdings in shares of Costco Wholesale by 0.3% in the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer's stock valued at $3,196,000 after acquiring an additional 10 shares during the last quarter. SRN Advisors LLC lifted its holdings in shares of Costco Wholesale by 0.3% in the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer's stock valued at $2,823,000 after acquiring an additional 10 shares during the last quarter. Miramar Capital LLC lifted its holdings in shares of Costco Wholesale by 1.9% in the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer's stock valued at $481,000 after acquiring an additional 10 shares during the last quarter. Finally, Clear Investment Research LLC lifted its holdings in shares of Costco Wholesale by 22.2% in the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock valued at $51,000 after acquiring an additional 10 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $1,018.13 on Friday. The firm has a market cap of $451.73 billion, a PE ratio of 59.78, a price-to-earnings-growth ratio of 6.15 and a beta of 1.00. The firm's 50 day simple moving average is $971.00 and its 200-day simple moving average is $971.25. Costco Wholesale Co. has a one year low of $788.20 and a one year high of $1,078.24. 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 (NASDAQ:COST - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The business had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. As a group, equities analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were paid a dividend of $1.30 per share. The ex-dividend date was Friday, May 2nd. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.51%. Costco Wholesale's dividend payout ratio (DPR) is currently 30.36%.

Insider Activity

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total value of $3,351,600.00. Following the transaction, the chief executive officer now directly owns 41,077 shares of the company's stock, valued at approximately $38,242,687. The trade was a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction on Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the transaction, the executive vice president now directly owns 6,987 shares in the company, valued at $6,445,926.72. This represents a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,600 shares of company stock worth $9,140,195. Corporate insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

COST has been the subject of a number of analyst reports. Stifel Nicolaus lowered their price target on shares of Costco Wholesale from $1,075.00 to $1,035.00 and set a "buy" rating for the company in a report on Thursday, March 20th. DA Davidson increased their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a "neutral" rating in a research report on Thursday, February 6th. Evercore ISI increased their price objective on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 11th. Loop Capital reduced their price objective on shares of Costco Wholesale from $1,150.00 to $1,045.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Telsey Advisory Group reissued an "outperform" rating on shares of Costco Wholesale in a research report on Wednesday. Ten research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of "Moderate Buy" and an average target price of $1,024.03.

Costco Wholesale Company 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.

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