Catalyst Capital Advisors LLC Sells 903 Shares of Costco Wholesale Co. (NASDAQ:COST)

Catalyst Capital Advisors LLC decreased its position in Costco Wholesale Co. (NASDAQ:COST) by 13.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,728 shares of the retailer’s stock after selling 903 shares during the period. Catalyst Capital Advisors LLC’s holdings in Costco Wholesale were worth $5,078,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Arlington Capital Management Inc. raised its holdings in shares of Costco Wholesale by 1.9% during the third quarter. Arlington Capital Management Inc. now owns 1,326 shares of the retailer’s stock valued at $1,176,000 after purchasing an additional 25 shares during the period. Quintet Private Bank Europe S.A. grew its position in shares of Costco Wholesale by 14.4% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 2,000 shares of the retailer’s stock valued at $1,773,000 after acquiring an additional 252 shares during the period. PDS Planning Inc grew its position in shares of Costco Wholesale by 1.6% during the 3rd quarter. PDS Planning Inc now owns 2,608 shares of the retailer’s stock valued at $2,312,000 after acquiring an additional 40 shares during the period. World Equity Group Inc. grew its position in shares of Costco Wholesale by 14.8% during the 3rd quarter. World Equity Group Inc. now owns 1,364 shares of the retailer’s stock valued at $1,209,000 after acquiring an additional 176 shares during the period. Finally, Leeward Financial Partners LLC grew its stake in Costco Wholesale by 49.2% in the 3rd quarter. Leeward Financial Partners LLC now owns 1,559 shares of the retailer’s stock valued at $1,382,000 after buying an additional 514 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST stock opened at $886.07 on Tuesday. The company has a market cap of $392.59 billion, a price-to-earnings ratio of 53.47, a price-to-earnings-growth ratio of 5.40 and a beta of 0.80. Costco Wholesale Co. has a 52 week low of $560.13 and a 52 week high of $923.83. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average of $892.07 and a 200-day moving average of $847.07.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The firm had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.86 EPS. On average, equities analysts forecast that Costco Wholesale Co. will post 17.75 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is 28.00%.

Analyst Ratings Changes

COST has been the subject of a number of recent research reports. Redburn Atlantic lowered shares of Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $860.00 to $890.00 in a research note on Tuesday, September 10th. Truist Financial lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective for the company. in a research note on Tuesday, September 24th. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, Stifel Nicolaus lifted their price objective on shares of Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $905.30.

Insider Buying and Selling

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total transaction of $437,025.00. Following the transaction, the executive vice president now directly owns 22,900 shares in the company, valued at $20,015,745. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total value of $437,025.00. Following the transaction, the executive vice president now owns 22,900 shares in the company, valued at approximately $20,015,745. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the sale, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,636 shares of company stock worth $11,238,510. Insiders own 0.18% of the company’s stock.

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.