1,000 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by Parvin Asset Management LLC

Parvin Asset Management LLC acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,000 shares of the retailer's stock, valued at approximately $916,000. Costco Wholesale makes up about 1.0% of Parvin Asset Management LLC's portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Synergy Investment Management LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at about $31,000. NewSquare Capital LLC grew its position in shares of Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock valued at $32,000 after acquiring an additional 25 shares during the period. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the 4th quarter worth $33,000. Collier Financial purchased a new position in Costco Wholesale during the fourth quarter valued at $35,000. Finally, Barrett & Company Inc. increased its position in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock worth $39,000 after buying an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on COST. Truist Financial increased their target price on shares of Costco Wholesale from $935.00 to $995.00 and gave the stock a "hold" rating in a report on Friday, March 7th. Evercore ISI lifted their target price on Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Cowen reiterated a "buy" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Costco Wholesale in a research note on Friday, March 7th. Finally, Loop Capital dropped their price target on Costco Wholesale from $1,150.00 to $1,045.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Ten research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,024.03.

Insider Transactions at Costco Wholesale

In related news, EVP Claudine Adamo sold 900 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction 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. This trade represents a 11.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James C. Klauer sold 4,000 shares of the business's stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the completion of the transaction, the executive vice president now owns 43,994 shares in the company, valued at $43,161,193.58. The trade was a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,600 shares of company stock valued at $9,140,195. Corporate insiders own 0.18% of the company's stock.

Costco Wholesale Stock Performance

NASDAQ:COST traded up $9.26 during mid-day trading on Friday, hitting $1,008.30. The company's stock had a trading volume of 1,547,172 shares, compared to its average volume of 2,034,513. Costco Wholesale Co. has a 1 year low of $733.35 and a 1 year high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market cap of $447.37 billion, a price-to-earnings ratio of 59.21, a PEG ratio of 6.15 and a beta of 0.95. The business's fifty day moving average is $962.39 and its two-hundred day moving average is $958.15.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $63.02 billion. Analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 0.52%. The ex-dividend date is Friday, May 2nd. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. 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.