Xponance Inc. Has $95.79 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Xponance Inc. boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 112,690 shares of the retailer’s stock after buying an additional 9,460 shares during the quarter. Costco Wholesale makes up approximately 1.0% of Xponance Inc.’s holdings, making the stock its 12th largest holding. Xponance Inc.’s holdings in Costco Wholesale were worth $95,785,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Frank Rimerman Advisors LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $26,000. Redmont Wealth Advisors LLC bought a new position in Costco Wholesale in the first quarter valued at $32,000. Vima LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $34,000. DSM Capital Partners LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $36,000. Finally, Financial Connections Group Inc. increased its holdings in Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on Costco Wholesale from $775.00 to $800.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. BMO Capital Markets upped their target price on Costco Wholesale from $875.00 to $950.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Argus raised their price target on shares of Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Bank of America boosted their target price on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, Truist Financial boosted their price target on shares of Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $853.92.

Insider Buying and Selling at Costco Wholesale

In other news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the sale, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the sale, the director now owns 5,920 shares in the company, valued at $5,041,057.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the transaction, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The disclosure for this sale can be found here. Insiders sold 4,974 shares of company stock valued at $4,252,856 in the last quarter. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 0.7 %

COST stock opened at $906.98 on Monday. The company has a market capitalization of $402.10 billion, a PE ratio of 56.19, a price-to-earnings-growth ratio of 5.51 and a beta of 0.80. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $923.83. The company’s 50 day moving average price is $864.85 and its two-hundred day moving average price is $811.52.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 annualized dividend and a yield of 0.51%. Costco Wholesale’s payout ratio is 28.75%.

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.