Catalina Capital Group LLC Boosts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Catalina Capital Group LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 128.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,804 shares of the retailer’s stock after purchasing an additional 1,015 shares during the period. Catalina Capital Group LLC’s holdings in Costco Wholesale were worth $1,322,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Costco Wholesale by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 40,360,168 shares of the retailer’s stock valued at $26,640,940,000 after buying an additional 485,051 shares during the period. Norges Bank bought a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $3,628,694,000. Capital World Investors increased its stake in shares of Costco Wholesale by 3.9% during the 4th quarter. Capital World Investors now owns 3,539,245 shares of the retailer’s stock worth $2,336,198,000 after purchasing an additional 132,292 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Costco Wholesale by 61,693.5% in the 4th quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock worth $2,049,630,000 after purchasing an additional 3,100,099 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in Costco Wholesale by 3.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,794,480 shares of the retailer’s stock valued at $1,844,581,000 after purchasing an additional 85,398 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COST has been the subject of a number of recent research reports. Argus raised their target price on Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Wells Fargo & Company boosted their price objective on Costco Wholesale from $750.00 to $775.00 and gave the company an “equal weight” rating in a research note on Friday, May 31st. Truist Financial increased their target price on shares of Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Loop Capital lifted their target price on shares of Costco Wholesale from $890.00 to $940.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. Finally, StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Sunday, June 2nd. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $766.73.

Check Out Our Latest Report on COST

Insider Activity

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total value of $567,445.10. Following the completion of the transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Down 0.3 %

Shares of NASDAQ COST traded down $2.54 on Wednesday, reaching $884.31. 1,740,527 shares of the company’s stock traded hands, compared to its average volume of 1,954,451. The business’s 50 day simple moving average is $822.38 and its two-hundred day simple moving average is $750.76. Costco Wholesale Co. has a 12 month low of $526.15 and a 12 month high of $896.67. The company has a market cap of $392.04 billion, a price-to-earnings ratio of 54.68, a price-to-earnings-growth ratio of 5.82 and a beta of 0.78. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.08. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The company had revenue of $58.52 billion during the quarter, compared to analyst estimates of $58.16 billion. During the same quarter last year, the company earned $3.43 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities research analysts forecast that Costco Wholesale Co. will post 15.98 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 26th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

About Costco Wholesale

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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