Parisi Gray Wealth Management Grows Stake in Costco Wholesale Co. (NASDAQ:COST)

Parisi Gray Wealth Management grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,952 shares of the retailer’s stock after buying an additional 52 shares during the period. Costco Wholesale accounts for 1.7% of Parisi Gray Wealth Management’s portfolio, making the stock its 15th biggest position. Parisi Gray Wealth Management’s holdings in Costco Wholesale were worth $5,454,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the 3rd quarter worth $29,000. Fairway Wealth LLC increased its position in shares of Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after buying an additional 46 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Costco Wholesale in the third quarter worth about $58,000. Christopher J. Hasenberg Inc lifted its holdings in Costco Wholesale by 329.4% in the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after buying an additional 56 shares during the period. Finally, VitalStone Financial LLC bought a new stake in Costco Wholesale during the 3rd quarter valued at approximately $71,000. Institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on COST shares. Evercore ISI raised their target price on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Wells Fargo & Company upped their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Roth Mkm lifted their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. BMO Capital Markets upped their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, UBS Group lifted their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Get Our Latest Stock Report on Costco Wholesale

Costco Wholesale Stock Down 1.3 %

COST stock opened at $924.70 on Tuesday. The business’s 50-day moving average is $948.69 and its two-hundred day moving average is $899.73. The company has a market cap of $410.47 billion, a price-to-earnings ratio of 54.30, a P/E/G ratio of 6.02 and a beta of 0.84. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s payout ratio is 27.25%.

Costco Wholesale Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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