Costco Wholesale Corporation $COST Shares Sold by Catalina Capital Group LLC

Catalina Capital Group LLC reduced its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 13.6% during the 2nd quarter, Holdings Channel reports. The fund owned 641 shares of the retailer’s stock after selling 101 shares during the quarter. Catalina Capital Group LLC’s holdings in Costco Wholesale were worth $635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Bulwark Capital Corp acquired a new position in shares of Costco Wholesale during the 2nd quarter valued at $25,000. Anderson Financial Strategies LLC increased its position in shares of Costco Wholesale by 900.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after purchasing an additional 36 shares during the period. eCIO Inc. acquired a new position in shares of Costco Wholesale during the 1st quarter valued at $48,000. Aspect Partners LLC increased its position in shares of Costco Wholesale by 24.4% during the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after purchasing an additional 11 shares during the period. Finally, Ransom Advisory Ltd acquired a new position in shares of Costco Wholesale during the 1st quarter valued at $61,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COST has been the subject of several research reports. Wolfe Research initiated coverage on Costco Wholesale in a research note on Thursday, September 18th. They set a “peer perform” rating for the company. Oppenheimer reissued an “outperform” rating and set a $1,130.00 price objective on shares of Costco Wholesale in a research note on Friday, September 26th. Truist Financial reduced their price objective on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research note on Friday, September 26th. Daiwa Capital Markets reduced their price objective on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Wall Street Zen raised Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Eighteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target of $1,067.19.

Insider Activity at Costco Wholesale

In related news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction on Monday, September 29th. The shares were sold at an average price of $915.00, for a total value of $3,093,615.00. Following the sale, the executive vice president directly owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. The trade was a 25.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,981 shares of company stock valued at $7,588,685. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $916.77 on Friday. The stock has a market cap of $406.57 billion, a PE ratio of 50.34, a price-to-earnings-growth ratio of 5.56 and a beta of 0.98. The business has a fifty day simple moving average of $953.95 and a 200-day simple moving average of $971.03. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. Costco Wholesale Corporation has a 12 month low of $867.34 and a 12 month high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping the consensus estimate of $5.81 by $0.06. The business had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.Costco Wholesale’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $5.15 earnings per share. On average, sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.56%.

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.