Parvin Asset Management LLC Invests $916,000 in Costco Wholesale Co. (NASDAQ:COST)

Parvin Asset Management LLC bought a new position in Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,000 shares of the retailer’s stock, valued at approximately $916,000. Costco Wholesale comprises 1.0% of Parvin Asset Management LLC’s portfolio, making the stock its 29th biggest position.

Several other institutional investors have also recently made changes to their positions in COST. Headland Capital LLC purchased a new position in Costco Wholesale in the 4th quarter worth about $8,242,000. Guardian Capital LP increased its stake in Costco Wholesale by 0.8% in the 4th quarter. Guardian Capital LP now owns 53,015 shares of the retailer’s stock worth $48,576,000 after buying an additional 411 shares during the period. Rehmann Capital Advisory Group increased its stake in Costco Wholesale by 16.3% in the 4th quarter. Rehmann Capital Advisory Group now owns 7,553 shares of the retailer’s stock worth $6,921,000 after buying an additional 1,061 shares during the period. Wick Capital Partners LLC increased its stake in Costco Wholesale by 15,965.8% in the 4th quarter. Wick Capital Partners LLC now owns 141,058 shares of the retailer’s stock worth $129,247,000 after buying an additional 140,180 shares during the period. Finally, Talon Private Wealth LLC purchased a new position in Costco Wholesale in the 4th quarter worth about $259,000. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In other Costco Wholesale news, EVP James C. Klauer sold 4,000 shares of Costco Wholesale stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $981.07, for a total value of $3,924,280.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the chief executive officer now owns 41,077 shares in the company, valued at $38,242,687. This represents a 8.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,600 shares of company stock worth $9,140,195. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $991.70 on Wednesday. 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 business’s 50 day moving average price is $963.93 and its 200-day moving average price is $957.14. The firm has a market capitalization of $440.00 billion, a PE ratio of 58.23, a P/E/G ratio of 6.15 and a beta of 0.95. Costco Wholesale Co. has a 1 year low of $715.32 and a 1 year high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last issued 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 firm had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. As a group, equities research analysts expect that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be given a dividend of $1.30 per share. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.16. The ex-dividend date is Friday, May 2nd. This represents a $5.20 dividend on an annualized basis and a yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is presently 30.36%.

Analysts Set New Price Targets

COST has been the topic of several recent analyst reports. Cowen reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Truist Financial raised their target price on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research report on Friday, March 7th. Mizuho initiated coverage on shares of Costco Wholesale in a research report on Friday, April 11th. They set a “neutral” rating and a $975.00 target price on the stock. DA Davidson raised their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Finally, Cfra Research raised shares of Costco Wholesale from a “hold” rating to a “moderate buy” rating in a research report on Friday, April 4th. Ten 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 company currently has an average rating of “Moderate Buy” and a consensus price target 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.