Requisite Capital Management LLC Has $217,000 Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Requisite Capital Management LLC lowered its holdings in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 54.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 229 shares of the retailer's stock after selling 277 shares during the period. Requisite Capital Management LLC's holdings in Costco Wholesale were worth $217,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of COST. Stanich Group LLC acquired a new stake in Costco Wholesale during the fourth quarter valued at approximately $214,000. Geode Capital Management LLC increased its stake in Costco Wholesale by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer's stock valued at $8,901,249,000 after purchasing an additional 252,118 shares during the last quarter. RW Investment Management LLC raised its holdings in shares of Costco Wholesale by 21.3% during the fourth quarter. RW Investment Management LLC now owns 5,624 shares of the retailer's stock worth $5,153,000 after purchasing an additional 989 shares during the period. AMJ Financial Wealth Management lifted its position in shares of Costco Wholesale by 2.6% in the 4th quarter. AMJ Financial Wealth Management now owns 10,536 shares of the retailer's stock worth $9,654,000 after buying an additional 270 shares during the last quarter. Finally, Washburn Capital Management Inc. boosted its holdings in shares of Costco Wholesale by 8.5% in the 4th quarter. Washburn Capital Management Inc. now owns 3,140 shares of the retailer's stock valued at $2,877,000 after buying an additional 245 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Patrick J. Callans sold 3,000 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the transaction, the executive vice president now directly owns 58,543 shares in the company, valued at $58,705,164.11. The trade was a 4.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Pierre Riel sold 2,000 shares of the stock in a transaction on 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 sale, the executive vice president now owns 8,210 shares of the company's stock, valued at approximately $8,326,171.50. This represents a 19.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,000 shares of company stock worth $10,825,205 over the last quarter. Corporate insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein reiterated an "outperform" rating on shares of Costco Wholesale in a research note on Friday, March 7th. Loop Capital reduced their price objective on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Cowen reaffirmed a "buy" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Truist Financial upped their price target on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Finally, 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 Tuesday, June 3rd. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,035.32.

Costco Wholesale Price Performance

Shares of COST traded up $1.09 during trading hours on Tuesday, hitting $1,007.27. 2,251,265 shares of the company were exchanged, compared to its average volume of 2,057,473. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company has a market capitalization of $446.70 billion, a PE ratio of 59.15, a PEG ratio of 6.15 and a beta of 1.00. The firm has a fifty day simple moving average of $994.50 and a 200-day simple moving average of $980.11. Costco Wholesale Co. has a one year low of $793.00 and a one year 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 business had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Costco Wholesale's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $3.78 EPS. As a group, sell-side analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were paid a dividend of $1.30 per share. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. This represents a $5.20 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Friday, May 2nd. Costco Wholesale's payout ratio is 29.50%.

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.