Fox Hill Wealth Management Has $4.78 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Fox Hill Wealth Management grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,521 shares of the retailer’s stock after acquiring an additional 154 shares during the period. Costco Wholesale comprises 3.2% of Fox Hill Wealth Management’s portfolio, making the stock its 5th largest position. Fox Hill Wealth Management’s holdings in Costco Wholesale were worth $4,777,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of COST. Norges Bank bought a new position in Costco Wholesale in the fourth quarter worth about $3,628,694,000. International Assets Investment Management LLC raised its stake in Costco Wholesale by 61,693.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock worth $2,049,630,000 after buying an additional 3,100,099 shares in the last quarter. Global Assets Advisory LLC bought a new position in Costco Wholesale in the first quarter worth about $510,353,000. Public Employees Retirement Association of Colorado raised its stake in Costco Wholesale by 3,647.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 567,641 shares of the retailer’s stock worth $374,688,000 after buying an additional 552,492 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Costco Wholesale by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 40,360,168 shares of the retailer’s stock worth $26,640,940,000 after buying an additional 485,051 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Performance

Costco Wholesale stock traded down $0.63 during midday trading on Friday, reaching $849.99. 2,131,691 shares of the company traded hands, compared to its average volume of 1,840,321. The firm has a market capitalization of $376.83 billion, a price-to-earnings ratio of 52.66, a price-to-earnings-growth ratio of 5.62 and a beta of 0.79. The business has a 50 day moving average of $801.95 and a two-hundred day moving average of $739.95. Costco Wholesale Co. has a 12 month low of $524.63 and a 12 month high of $873.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The business had revenue of $58.52 billion for the quarter, compared to the consensus estimate of $58.16 billion. During the same period last year, the firm earned $3.43 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, research analysts predict that Costco Wholesale Co. will post 15.96 earnings per share for the current year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were given a $1.16 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a yield of 0.55%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at $7,228,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Loop Capital increased their price target 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. Citigroup upped their price objective on shares of Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. TD Cowen upped their price objective on shares of Costco Wholesale from $777.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Tigress Financial upped their price objective on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Finally, Telsey Advisory Group upped their price objective on shares of Costco Wholesale from $850.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $756.85.

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.