674 Shares in Costco Wholesale Co. (NASDAQ:COST) Bought by Shufro Rose & Co. LLC

Shufro Rose & Co. LLC bought a new stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 674 shares of the retailer's stock, valued at approximately $618,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Grassi Investment Management raised its position in shares of Costco Wholesale by 6.5% during the fourth quarter. Grassi Investment Management now owns 5,155 shares of the retailer's stock worth $4,723,000 after purchasing an additional 315 shares during the period. Capital & Planning LLC grew its stake in Costco Wholesale by 28.7% in the 4th quarter. Capital & Planning LLC now owns 3,756 shares of the retailer's stock valued at $3,441,000 after purchasing an additional 837 shares during the period. Redmond Asset Management LLC bought a new position in Costco Wholesale in the 4th quarter valued at $1,214,000. May Barnhard Investments LLC bought a new position in Costco Wholesale in the 4th quarter worth about $485,000. Finally, Ironwood Wealth Management LLC. raised its holdings in shares of Costco Wholesale by 0.6% in the 4th quarter. Ironwood Wealth Management LLC. now owns 3,852 shares of the retailer's stock valued at $3,529,000 after acquiring an additional 22 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Costco Wholesale in a report on Friday, March 7th. Cowen reissued a "buy" rating on shares of Costco Wholesale in a research note on Friday, March 7th. Robert W. Baird boosted their target price on Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. DA Davidson boosted their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. Finally, Truist Financial boosted their target price on Costco Wholesale from $935.00 to $995.00 and gave the company a "hold" rating in a research note on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $1,028.46.

Insider Transactions at Costco Wholesale

In related news, CEO Roland Michael Vachris sold 3,600 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total value of $3,351,600.00. Following the sale, the chief executive officer now owns 41,077 shares of the company's stock, valued at approximately $38,242,687. This represents a 8.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Claudine Adamo sold 900 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the completion of the sale, the executive vice president now directly owns 6,987 shares in the company, valued at approximately $6,445,926.72. The trade was a 11.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,600 shares of company stock valued at $9,140,195 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Trading Down 0.2%

Costco Wholesale stock traded down $2.33 during mid-day trading on Thursday, hitting $1,010.82. The company's stock had a trading volume of 814,387 shares, compared to its average volume of 2,045,010. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock's fifty day moving average is $979.82 and its two-hundred day moving average is $974.01. Costco Wholesale Co. has a 1 year low of $788.20 and a 1 year high of $1,078.24. The firm has a market capitalization of $448.48 billion, a PE ratio of 59.34, a price-to-earnings-growth ratio of 6.15 and a beta of 1.00.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The firm had revenue of $63.72 billion for the quarter, compared to analysts' expectations of $63.02 billion. On average, analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The company also recently declared 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. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $5.20 annualized dividend and a dividend yield of 0.51%. Costco Wholesale's payout ratio is 30.36%.

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.