Xponance Inc. Has $108.23 Million Position in Costco Wholesale Corporation (NASDAQ:COST)

Xponance Inc. boosted its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,429 shares of the retailer's stock after purchasing an additional 1,583 shares during the quarter. Costco Wholesale comprises approximately 1.0% of Xponance Inc.'s holdings, making the stock its 14th largest holding. Xponance Inc.'s holdings in Costco Wholesale were worth $108,225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Investment Management Corp VA ADV bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $25,000. Clear Investment Research LLC boosted its stake in shares of Costco Wholesale by 22.2% during the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock valued at $51,000 after purchasing an additional 10 shares in the last quarter. Aspect Partners LLC boosted its stake in shares of Costco Wholesale by 24.4% during the first quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock valued at $53,000 after purchasing an additional 11 shares in the last quarter. Capital A Wealth Management LLC bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $58,000. Finally, Mascagni Wealth Management Inc. bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 68.48% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Telsey Advisory Group reissued an "outperform" rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Thursday. Loop Capital decreased their target price on shares of 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. Cfra Research raised shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 4th. Finally, Evercore ISI decreased their target price on shares of 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. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,034.79.

Insider Buying and Selling

In other news, EVP James C. Klauer sold 4,000 shares of the company's stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $981.07, for a total value of $3,924,280.00. Following the transaction, the executive vice president owned 43,994 shares in the company, valued at $43,161,193.58. This represents a 8.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Pierre Riel sold 2,000 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the completion of the transaction, the executive vice president owned 8,210 shares in the company, valued at $8,326,171.50. This represents a 19.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,547 shares of company stock worth $9,496,950 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Price Performance

NASDAQ COST traded up $0.16 on Friday, reaching $970.33. The company's stock had a trading volume of 1,939,399 shares, compared to its average volume of 2,068,105. The firm's 50 day moving average is $1,004.53 and its two-hundred day moving average is $981.82. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. The stock has a market cap of $430.32 billion, a PE ratio of 55.04, a PEG ratio of 6.03 and a beta of 0.97. Costco Wholesale Corporation has a twelve month low of $793.00 and a twelve month high of $1,078.24.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $63.21 billion for the quarter, compared to the consensus estimate of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.78 EPS. As a group, sell-side analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently disclosed 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 represents a $5.20 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, May 2nd. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. Costco Wholesale's payout ratio is presently 29.50%.

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.