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

Catalina Capital Group LLC lowered its stake in Costco Wholesale Corporation (NASDAQ:COST) by 13.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 SEC.

A number of other large investors have also modified their holdings of COST. Brighton Jones LLC grew its stake in shares of Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after buying an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Costco Wholesale by 13.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after purchasing an additional 130 shares during the last quarter. Triangle Securities Wealth Management boosted its holdings in Costco Wholesale by 4.4% in the first quarter. Triangle Securities Wealth Management now owns 635 shares of the retailer’s stock valued at $601,000 after purchasing an additional 27 shares during the last quarter. Clare Market Investments LLC boosted its holdings in Costco Wholesale by 17.5% in the first quarter. Clare Market Investments LLC now owns 3,981 shares of the retailer’s stock valued at $3,766,000 after purchasing an additional 594 shares during the last quarter. Finally, Warren Street Wealth Advisors LLC boosted its holdings in Costco Wholesale by 10.8% in the first quarter. Warren Street Wealth Advisors LLC now owns 603 shares of the retailer’s stock valued at $570,000 after purchasing an additional 59 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In related news, EVP Yoram Rubanenko sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the sale, the executive vice president directly owned 5,774 shares in the company, valued at $5,629,419.04. This trade represents a 40.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the sale, the executive vice president owned 2,362 shares in the company, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,981 shares of company stock worth $7,588,685. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Down 0.1%

Shares of Costco Wholesale stock opened at $916.77 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The business’s 50 day simple moving average is $953.95 and its 200-day simple moving average is $971.03. The stock has a market capitalization of $406.57 billion, a price-to-earnings ratio of 50.34, a PEG ratio of 5.56 and a beta of 0.98. Costco Wholesale Corporation has a twelve month low of $867.34 and a twelve month high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. The business had revenue of $86.16 billion for 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%.The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $5.15 EPS. Equities research analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on COST shares. Roth Capital set a $907.00 price target on Costco Wholesale and gave the company a “neutral” rating in a report on Friday, September 26th. JPMorgan Chase & Co. reduced their price target on Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a report on Friday, September 26th. Morgan Stanley reduced their price target on Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating for the company in a report on Friday, September 26th. The Goldman Sachs Group increased their price target on Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a report on Friday, September 26th. Finally, Truist Financial reduced their price target on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a report on Friday, September 26th. Eighteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $1,067.19.

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.