Calamos Wealth Management LLC Has $6.21 Million Position in Costco Wholesale Corporation (NASDAQ:COST)

Calamos Wealth Management LLC reduced its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 11.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,563 shares of the retailer's stock after selling 826 shares during the period. Calamos Wealth Management LLC's holdings in Costco Wholesale were worth $6,207,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV acquired a new stake in Costco Wholesale in the 4th quarter valued at $25,000. Clear Investment Research LLC grew its stake in shares of Costco Wholesale by 22.2% during the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock valued at $51,000 after acquiring an additional 10 shares in the last quarter. Aspect Partners LLC grew its stake in shares of Costco Wholesale by 24.4% during the first quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock valued at $53,000 after acquiring an additional 11 shares in the last quarter. Capital A Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at about $58,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at about $59,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the transaction, the executive vice president owned 8,210 shares in the company, valued at approximately $8,326,171.50. The trade was a 19.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP James C. Klauer sold 4,000 shares of Costco Wholesale stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the completion of the transaction, the executive vice president owned 43,994 shares in the company, valued at approximately $43,161,193.58. This trade represents a 8.33% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 9,547 shares of company stock worth $9,496,950. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Performance

NASDAQ COST traded down $6.34 during trading hours on Tuesday, reaching $985.84. The company's stock had a trading volume of 1,714,765 shares, compared to its average volume of 2,073,564. The business has a 50-day simple moving average of $1,005.36 and a 200 day simple moving average of $981.68. The stock has a market cap of $437.20 billion, a PE ratio of 55.92, a PEG ratio of 6.17 and a beta of 0.97. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. Costco Wholesale Corporation has a 52 week low of $793.00 and a 52 week high of $1,078.24.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, beating analysts' consensus estimates of $4.24 by $0.04. The company had revenue of $63.21 billion for the quarter, compared to analysts' expectations of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.78 earnings per share. Equities research analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Friday, May 2nd. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. Costco Wholesale's payout ratio is 29.50%.

Wall Street Analyst Weigh In

COST has been the subject of several recent analyst reports. Morgan Stanley raised their target price on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Loop Capital lowered their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a research note on Thursday, May 29th. Cfra Research upgraded Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 4th. Mizuho initiated coverage on Costco Wholesale in a research note on Friday, April 11th. They set a "neutral" rating and a $975.00 target price for the company. Finally, Truist Financial raised their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,034.79.

About Costco Wholesale

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.