Parkside Advisors LLC Sells 76 Shares of Costco Wholesale Co. (NASDAQ:COST)

Parkside Advisors LLC decreased its position in Costco Wholesale Co. (NASDAQ:COST) by 11.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 598 shares of the retailer’s stock after selling 76 shares during the period. Parkside Advisors LLC’s holdings in Costco Wholesale were worth $548,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the third quarter valued at $29,000. Fairway Wealth LLC grew its holdings in shares of Costco Wholesale by 230.0% in the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after acquiring an additional 46 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale in the third quarter valued at about $58,000. Christopher J. Hasenberg Inc boosted its position in Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after purchasing an additional 56 shares during the last quarter. Finally, VitalStone Financial LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth approximately $71,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction that occurred 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 sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the completion of the transaction, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. The trade was a 16.38 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Tigress Financial reissued a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. Citigroup boosted their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Melius Research initiated coverage on shares of Costco Wholesale in a research note on Monday, September 23rd. They issued a “hold” rating and a $950.00 target price for the company. Loop Capital boosted their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Sanford C. Bernstein assumed coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Price Performance

COST traded down $10.35 on Monday, hitting $926.59. 593,252 shares of the stock were exchanged, compared to its average volume of 1,763,207. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The firm has a market capitalization of $411.31 billion, a price-to-earnings ratio of 54.41, a PEG ratio of 6.02 and a beta of 0.84. The business has a 50-day moving average of $947.92 and a two-hundred day moving average of $899.20.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $1.16 per share. The ex-dividend date was Friday, November 1st. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. Costco Wholesale’s dividend payout ratio is 27.25%.

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.