Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,641 shares of the retailer’s stock after acquiring an additional 48 shares during the period. Hexagon Capital Partners LLC’s holdings in Costco Wholesale were worth $1,083,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of COST. Richelieu Gestion SA purchased a new position in shares of Costco Wholesale during the 4th quarter worth $25,000. Morton Brown Family Wealth LLC raised its holdings in shares of Costco Wholesale by 200.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock worth $30,000 after acquiring an additional 30 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in shares of Costco Wholesale during the 4th quarter worth $30,000. Steph & Co. raised its holdings in shares of Costco Wholesale by 42.3% during the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock worth $42,000 after acquiring an additional 22 shares during the period. Finally, Valued Wealth Advisors LLC purchased a new stake in Costco Wholesale in the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST traded down $3.43 on Tuesday, reaching $722.90. The stock had a trading volume of 1,734,041 shares, compared to its average volume of 2,045,451. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. Costco Wholesale Co. has a 12-month low of $476.75 and a 12-month high of $787.08. The business’s 50-day moving average price is $730.40 and its 200 day moving average price is $669.72. The stock has a market cap of $320.61 billion, a P/E ratio of 47.28, a price-to-earnings-growth ratio of 4.86 and a beta of 0.77.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The company had revenue of $58.44 billion during the quarter, compared to analysts’ expectations of $59.11 billion. During the same quarter in the previous year, the business earned $3.30 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities analysts expect that Costco Wholesale Co. will post 15.84 earnings per share for the current year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Thursday, April 25th. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s dividend payout ratio is 30.35%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Tigress Financial boosted their price objective on shares of Costco Wholesale from $745.00 to $870.00 and gave the company a “buy” rating in a report on Friday, March 15th. StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Telsey Advisory Group restated an “outperform” rating and issued a $800.00 price objective on shares of Costco Wholesale in a report on Thursday, April 11th. Evercore ISI boosted their price objective on shares of Costco Wholesale from $795.00 to $805.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Finally, Loop Capital reduced their price objective on shares of Costco Wholesale from $830.00 to $820.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $694.48.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 1,442 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $723.48, for a total value of $1,043,258.16. Following the completion of the transaction, the director now owns 12,395 shares in the company, valued at $8,967,534.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Costco Wholesale news, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $714.83, for a total value of $1,072,245.00. Following the completion of the transaction, the executive vice president now owns 6,695 shares in the company, valued at $4,785,786.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan L. Decker sold 1,442 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $723.48, for a total value of $1,043,258.16. Following the completion of the transaction, the director now owns 12,395 shares of the company’s stock, valued at approximately $8,967,534.60. The disclosure for this sale can be found here. Insiders sold 3,727 shares of company stock worth $2,682,948 over the last 90 days. 0.18% of the stock is currently owned by insiders.

Costco Wholesale 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.