Camelot Portfolios LLC Decreases Holdings in Costco Wholesale Corporation $COST

Camelot Portfolios LLC trimmed its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 86.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 223 shares of the retailer's stock after selling 1,389 shares during the period. Camelot Portfolios LLC's holdings in Costco Wholesale were worth $221,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its position in Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer's stock worth $18,165,000 after acquiring an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Costco Wholesale by 13.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer's stock worth $1,029,000 after acquiring an additional 130 shares during the last quarter. Cerro Pacific Wealth Advisors LLC grew its position in Costco Wholesale by 1.5% during the 1st quarter. Cerro Pacific Wealth Advisors LLC now owns 8,285 shares of the retailer's stock worth $7,591,000 after acquiring an additional 119 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in Costco Wholesale by 6.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 9,447 shares of the retailer's stock worth $8,935,000 after acquiring an additional 581 shares during the last quarter. Finally, Aletheian Wealth Advisors LLC grew its position in Costco Wholesale by 9.3% during the 1st quarter. Aletheian Wealth Advisors LLC now owns 564 shares of the retailer's stock worth $533,000 after acquiring an additional 48 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Costco Wholesale 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 transaction, the executive vice president owned 2,362 shares in the company, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction on Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the transaction, the executive vice president owned 5,774 shares of the company's stock, valued at $5,629,419.04. The trade was a 40.92% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Trading Down 2.9%

COST opened at $915.95 on Monday. The stock has a market cap of $406.21 billion, a PE ratio of 50.30, a PEG ratio of 5.15 and a beta of 0.97. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $955.70 and a 200-day moving average of $971.63. Costco Wholesale Corporation has a 52 week low of $867.16 and a 52 week high of $1,078.23.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating analysts' consensus estimates of $5.81 by $0.06. The company 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%.The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $5.15 EPS. Equities research analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on COST shares. Evercore ISI reduced their price target on Costco Wholesale from $1,060.00 to $1,025.00 and set an "outperform" rating on the stock in a research report on Friday. Telsey Advisory Group reiterated an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Wednesday, September 24th. Wall Street Zen upgraded Costco Wholesale from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. The Goldman Sachs Group lifted their price objective on Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a "buy" rating in a research report on Friday. Finally, DA Davidson reiterated a "neutral" rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a research report on Friday. Seventeen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, Costco Wholesale has an average rating of "Moderate Buy" and a consensus price target of $1,069.58.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.