Talon Private Wealth LLC Buys Shares of 283 Costco Wholesale Co. (NASDAQ:COST)

Talon Private Wealth LLC purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 283 shares of the retailer's stock, valued at approximately $259,000.

Several other institutional investors have also recently bought and sold shares of the business. Connors Investor Services Inc. increased its holdings in Costco Wholesale by 0.6% during the 4th quarter. Connors Investor Services Inc. now owns 19,072 shares of the retailer's stock worth $17,475,000 after purchasing an additional 116 shares in the last quarter. Bridgewealth Advisory Group LLC boosted its holdings in Costco Wholesale by 48.8% during the fourth quarter. Bridgewealth Advisory Group LLC now owns 915 shares of the retailer's stock worth $838,000 after purchasing an additional 300 shares during the last quarter. Voleon Capital Management LP purchased a new position in shares of Costco Wholesale in the 4th quarter worth approximately $388,000. Evergreen Wealth Solutions LLC grew its holdings in shares of Costco Wholesale by 13.2% in the fourth quarter. Evergreen Wealth Solutions LLC now owns 1,226 shares of the retailer's stock valued at $1,123,000 after acquiring an additional 143 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its position in shares of Costco Wholesale by 168.7% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,056 shares of the retailer's stock valued at $968,000 after acquiring an additional 663 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP James C. Klauer sold 4,000 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $43,161,193.58. This trade represents a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Roland Michael Vachris sold 3,600 shares of the firm's stock in a transaction that occurred 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. This trade represents a 8.06 % 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 three months. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Trading Up 0.9 %

COST stock traded up $9.26 on Friday, reaching $1,008.30. The company's stock had a trading volume of 1,547,172 shares, compared to its average volume of 2,033,356. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The business has a fifty day simple moving average of $961.44 and a two-hundred day simple moving average of $958.94. The firm has a market cap of $447.37 billion, a PE ratio of 59.21, a PEG ratio of 6.15 and a beta of 0.95. Costco Wholesale Co. has a 12-month low of $746.48 and a 12-month high of $1,078.24.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings results 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 return on equity of 32.31% and a net margin of 2.93%. The company had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. As a group, research analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend 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%.

Wall Street Analyst Weigh In

COST has been the subject of a number of recent analyst reports. Robert W. Baird upped their price objective 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. Cfra Research upgraded Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 4th. Telsey Advisory Group restated an "outperform" rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research note on Monday, April 28th. Truist Financial increased their price target on Costco Wholesale from $935.00 to $995.00 and gave the stock a "hold" rating in a research note on Friday, March 7th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Costco Wholesale in a report on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,024.03.

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.