Catalina Capital Group LLC Has $702,000 Stock Holdings in Costco Wholesale Corporation (NASDAQ:COST)

Catalina Capital Group LLC lowered its holdings in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 69.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 742 shares of the retailer's stock after selling 1,682 shares during the period. Catalina Capital Group LLC's holdings in Costco Wholesale were worth $702,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Well Done LLC grew its position in shares of Costco Wholesale by 9.7% in the first quarter. Well Done LLC now owns 260 shares of the retailer's stock valued at $238,000 after purchasing an additional 23 shares during the period. Wealthspan Partners LLC grew its position in shares of Costco Wholesale by 4.9% in the first quarter. Wealthspan Partners LLC now owns 300 shares of the retailer's stock valued at $284,000 after purchasing an additional 14 shares during the period. Sterling Investment Counsel LLC grew its position in shares of Costco Wholesale by 49.4% in the first quarter. Sterling Investment Counsel LLC now owns 2,044 shares of the retailer's stock valued at $1,934,000 after purchasing an additional 676 shares during the period. TCI Wealth Advisors Inc. grew its position in shares of Costco Wholesale by 4.4% in the first quarter. TCI Wealth Advisors Inc. now owns 6,127 shares of the retailer's stock valued at $5,795,000 after purchasing an additional 258 shares during the period. Finally, Duncan Williams Asset Management LLC grew its position in shares of Costco Wholesale by 35.2% in the first quarter. Duncan Williams Asset Management LLC now owns 1,357 shares of the retailer's stock valued at $1,284,000 after purchasing an additional 353 shares during the period. Hedge funds and other institutional investors own 68.48% of the company's stock.

Costco Wholesale Stock Up 0.6%

COST traded up $5.39 during trading on Friday, reaching $980.29. 3,250,821 shares of the stock traded hands, compared to its average volume of 2,063,545. The stock has a market cap of $434.74 billion, a price-to-earnings ratio of 55.60, a price-to-earnings-growth ratio of 5.79 and a beta of 1.00. Costco Wholesale Corporation has a fifty-two week low of $793.00 and a fifty-two week high of $1,078.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. The stock's 50-day simple moving average is $1,002.94 and its two-hundred day simple moving average is $981.03.

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

Costco Wholesale Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were issued a dividend of $1.30 per share. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.16. This represents a $5.20 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, May 2nd. Costco Wholesale's dividend payout ratio (DPR) is 29.50%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on COST. Evercore ISI lowered their price target on Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a research report on Tuesday, June 17th. Telsey Advisory Group reissued an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Tuesday, June 3rd. Truist Financial boosted their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Stifel Nicolaus set a $1,035.00 target price on Costco Wholesale in a research report on Thursday, May 29th. Finally, Robert W. Baird upped their target price on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, Costco Wholesale currently has an average rating of "Moderate Buy" and an average target price of $1,034.79.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction dated Friday, June 6th. The stock was 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 now directly owns 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 547 shares of Costco Wholesale stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the completion of the transaction, the director now owns 11,531 shares in the company, valued at $11,300,380. The trade was a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,547 shares of company stock worth $11,361,265 over the last three months. Corporate insiders own 0.18% of the company's stock.

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.