Parallel Advisors LLC Lowers Position in Costco Wholesale Corporation $COST

Parallel Advisors LLC lessened its stake in Costco Wholesale Corporation (NASDAQ:COST) by 2.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,522 shares of the retailer’s stock after selling 1,016 shares during the quarter. Costco Wholesale makes up about 0.7% of Parallel Advisors LLC’s investment portfolio, making the stock its 21st largest position. Parallel Advisors LLC’s holdings in Costco Wholesale were worth $39,261,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Caliber Wealth Management LLC KS lifted its holdings in shares of Costco Wholesale by 1.7% in the third quarter. Caliber Wealth Management LLC KS now owns 655 shares of the retailer’s stock worth $606,000 after buying an additional 11 shares in the last quarter. Somerset Group LLC lifted its holdings in shares of Costco Wholesale by 0.3% in the third quarter. Somerset Group LLC now owns 4,220 shares of the retailer’s stock worth $3,906,000 after buying an additional 11 shares in the last quarter. Hughes Financial Services LLC lifted its holdings in shares of Costco Wholesale by 4.3% in the third quarter. Hughes Financial Services LLC now owns 268 shares of the retailer’s stock worth $245,000 after buying an additional 11 shares in the last quarter. Bank & Trust Co lifted its holdings in shares of Costco Wholesale by 18.3% in the fourth quarter. Bank & Trust Co now owns 71 shares of the retailer’s stock worth $61,000 after buying an additional 11 shares in the last quarter. Finally, LongView Wealth Management lifted its holdings in shares of Costco Wholesale by 1.1% in the fourth quarter. LongView Wealth Management now owns 1,025 shares of the retailer’s stock worth $966,000 after buying an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $972.59 on Friday. The company has a market cap of $431.49 billion, a price-to-earnings ratio of 48.92, a PEG ratio of 4.66 and a beta of 0.88. The firm’s fifty day moving average is $1,006.77 and its 200 day moving average is $963.93. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week high of $1,096.50.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). The business had revenue of $70.53 billion for the quarter, compared to analysts’ expectations of $70.12 billion. Costco Wholesale had a net margin of 3.01% and a return on equity of 28.72%. During the same period in the previous year, the company earned $4.28 EPS. Sell-side analysts forecast that Costco Wholesale Corporation will post 20.38 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, May 1st. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.30. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s payout ratio is currently 29.58%.

Insider Transactions at Costco Wholesale

In related news, EVP Claudine Adamo sold 730 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $1,003.02, for a total transaction of $732,204.60. Following the sale, the executive vice president owned 6,121 shares of the company’s stock, valued at $6,139,485.42. This represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on COST shares. Rothschild & Co Redburn boosted their target price on shares of Costco Wholesale from $890.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. The Goldman Sachs Group boosted their target price on shares of Costco Wholesale from $1,088.00 to $1,159.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Jefferies Financial Group reissued a “buy” rating and issued a $1,050.00 target price on shares of Costco Wholesale in a report on Thursday, March 5th. TD Cowen reissued a “buy” rating and issued a $1,175.00 target price on shares of Costco Wholesale in a report on Wednesday. Finally, HC Wainwright reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Monday. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $1,060.41.

Key Stories Impacting Costco Wholesale

Here are the key news stories impacting Costco Wholesale this week:

• Positive Sentiment: Costco’s May sales came in strong, with revenue up 14.5% year over year and robust comparable-sales growth, reinforcing the company’s momentum in membership-driven retail demand. Article Title
• Positive Sentiment: Analysts remain constructive on COST, with TD Cowen, UBS, William Blair, and DA Davidson maintaining bullish or supportive ratings and price targets that imply upside from current levels. Article Title
• Positive Sentiment: Costco is expanding higher-margin and traffic-driving initiatives, including exclusive products like Ghost beverages, stronger wellness/self-care sales, and faster same-day delivery and online engagement. Article Title
• Positive Sentiment: The company’s gasoline strategy is also boosting store visits, as record fuel volumes and lower-priced gas continue to draw members into warehouses and support overall traffic. Article Title

Costco Wholesale Profile

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.