Xponance Inc. Sells 1,459 Shares of Costco Wholesale Corporation $COST

Xponance Inc. cut its stake in shares of Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,701 shares of the retailer’s stock after selling 1,459 shares during the quarter. Costco Wholesale makes up approximately 0.9% of Xponance Inc.’s portfolio, making the stock its 17th biggest position. Xponance Inc.’s holdings in Costco Wholesale were worth $108,022,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hobbs Wealth Management LLC lifted its position in shares of Costco Wholesale by 4.4% in the 2nd quarter. Hobbs Wealth Management LLC now owns 262 shares of the retailer’s stock worth $259,000 after purchasing an additional 11 shares during the period. Busey Bank lifted its holdings in Costco Wholesale by 0.4% in the third quarter. Busey Bank now owns 2,651 shares of the retailer’s stock valued at $2,454,000 after buying an additional 11 shares during the period. Pasadena Private Wealth LLC boosted its position in Costco Wholesale by 0.8% during the third quarter. Pasadena Private Wealth LLC now owns 1,403 shares of the retailer’s stock valued at $1,299,000 after acquiring an additional 11 shares during the last quarter. Tandem Investment Partners LLC grew its holdings in Costco Wholesale by 1.1% during the 3rd quarter. Tandem Investment Partners LLC now owns 990 shares of the retailer’s stock worth $916,000 after acquiring an additional 11 shares during the period. Finally, Optima Capital LLC raised its position in shares of Costco Wholesale by 0.9% in the 3rd quarter. Optima Capital LLC now owns 1,192 shares of the retailer’s stock worth $1,104,000 after acquiring an additional 11 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale News Summary

Here are the key news stories impacting Costco Wholesale this week:

Analysts Set New Price Targets

COST has been the subject of several recent analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Monday, February 2nd. HSBC lowered their price objective on shares of Costco Wholesale from $1,060.00 to $1,045.00 and set a “hold” rating for the company in a research note on Friday, December 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Costco Wholesale in a report on Monday, December 29th. Bank of America initiated coverage on shares of Costco Wholesale in a report on Friday. They set a “buy” rating and a $1,185.00 price objective on the stock. Finally, Robert W. Baird set a $1,100.00 target price on Costco Wholesale in a research note on Thursday, February 5th. Twenty-two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,014.39.

Read Our Latest Report on COST

Costco Wholesale Stock Down 0.8%

COST stock opened at $986.74 on Friday. Costco Wholesale Corporation has a 52 week low of $844.06 and a 52 week high of $1,067.08. The company has a quick ratio of 0.53, a current ratio of 1.04 and a debt-to-equity ratio of 0.19. The firm has a 50-day simple moving average of $945.05 and a 200-day simple moving average of $935.19. The stock has a market capitalization of $437.98 billion, a P/E ratio of 52.85, a P/E/G ratio of 5.24 and a beta of 1.01.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its quarterly earnings data on Thursday, December 11th. The retailer reported $4.34 EPS for the quarter, topping the consensus estimate of $4.27 by $0.07. The company had revenue of $67.31 billion during the quarter, compared to analyst estimates of $67.03 billion. Costco Wholesale had a return on equity of 29.35% and a net margin of 2.96%.Costco Wholesale’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.04 EPS. Equities analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, January 30th. Costco Wholesale’s dividend payout ratio (DPR) is 27.85%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP James C. Klauer sold 1,500 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $939.00, for a total value of $1,408,500.00. Following the completion of the sale, the executive vice president directly owned 44,837 shares in the company, valued at $42,101,943. This represents a 3.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan L. Decker sold 458 shares of Costco Wholesale stock in a transaction on Friday, January 16th. The stock was sold at an average price of $955.00, for a total value of $437,390.00. Following the transaction, the director owned 8,532 shares in the company, valued at approximately $8,148,060. This represents a 5.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 6,915 shares of company stock worth $6,317,097. 0.10% of the stock is currently owned by insiders.

Costco Wholesale Profile

(Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

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

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