1,511 Shares in Costco Wholesale Corporation (NASDAQ:COST) Acquired by Hoxton Planning & Management LLC

Key Points

• Hoxton Planning & Management LLC has made a new investment of approximately $1.43 million, acquiring 1,511 shares of Costco Wholesale Corporation (NASDAQ:COST).
• Costco's most recent quarterly earnings reported an EPS of $4.28, which exceeded expectations, contributing to a revenue of $63.21 billion for the quarter.
• The company announced a quarterly dividend of $1.30, with a yield of 0.56%, set to be paid on August 15th, impacting shareholders who are on record by August 1st.

Hoxton Planning & Management LLC purchased a new stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 1,511 shares of the retailer's stock, valued at approximately $1,429,000.

A number of other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted 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 period. Revolve Wealth Partners LLC boosted 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 period. Bank Pictet & Cie Europe AG boosted its position in Costco Wholesale by 45.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer's stock worth $107,436,000 after acquiring an additional 36,384 shares during the period. Highview Capital Management LLC DE boosted its position in Costco Wholesale by 0.8% during the 4th quarter. Highview Capital Management LLC DE now owns 4,813 shares of the retailer's stock worth $4,410,000 after acquiring an additional 40 shares during the period. Finally, Hudson Value Partners LLC lifted its holdings in shares of Costco Wholesale by 5.7% in the fourth quarter. Hudson Value Partners LLC now owns 8,501 shares of the retailer's stock valued at $7,789,000 after buying an additional 455 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Up 1.3%

Shares of COST traded up $12.13 during trading hours on Thursday, hitting $939.64. 2,560,014 shares of the company were exchanged, compared to its average volume of 1,946,133. The company has a market cap of $416.71 billion, a PE ratio of 53.30, a PEG ratio of 5.77 and a beta of 0.97. The firm's 50 day moving average is $984.46 and its 200-day moving average is $983.58. Costco Wholesale Corporation has a 52 week low of $793.00 and a 52 week high of $1,078.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02.

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 (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $62.93 billion. During the same quarter in the prior year, the company posted $3.78 EPS. The firm's revenue was up 8.0% on a year-over-year basis. On average, equities research analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a dividend of $1.30 per share. The ex-dividend date is Friday, August 1st. This represents a $5.20 annualized dividend and a yield of 0.6%. Costco Wholesale's dividend payout ratio is presently 29.50%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Yoram Rubanenko sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the sale, the executive vice president owned 5,774 shares in the company, valued at approximately $5,629,419.04. This trade represents a 40.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Patrick J. Callans sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the completion of the sale, the executive vice president owned 58,543 shares of the company's stock, valued at $58,705,164.11. This represents a 4.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,547 shares of company stock worth $9,472,510 in the last 90 days. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on COST shares. Evercore ISI cut their price objective on Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a report on Tuesday, June 17th. Morgan Stanley upped their price objective on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Loop Capital cut their price objective on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a report on Thursday, May 29th. Cfra Research raised Costco Wholesale from a "hold" rating to a "moderate buy" rating in a report on Friday, April 4th. Finally, Truist Financial upped their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a report on Friday, May 30th. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,037.48.

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.