Hexagon Capital Partners LLC Boosts Stake in Costco Wholesale Co. (NASDAQ:COST)

Hexagon Capital Partners LLC boosted its position in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 2.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 2,815 shares of the retailer’s stock after purchasing an additional 58 shares during the period. Costco Wholesale comprises approximately 0.4% of Hexagon Capital Partners LLC’s investment portfolio, making the stock its 22nd largest position. Hexagon Capital Partners LLC’s holdings in Costco Wholesale were worth $1,621,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its stake in Costco Wholesale by 3.1% in the fourth quarter. BlackRock Inc. now owns 31,078,322 shares of the retailer’s stock worth $17,643,166,000 after purchasing an additional 944,199 shares during the last quarter. State Street Corp increased its stake in Costco Wholesale by 10.2% in the 4th quarter. State Street Corp now owns 18,301,225 shares of the retailer’s stock worth $10,389,605,000 after purchasing an additional 1,697,920 shares during the period. Geode Capital Management LLC increased its stake in Costco Wholesale by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 7,372,449 shares of the retailer’s stock worth $4,173,133,000 after purchasing an additional 246,857 shares during the period. Alliancebernstein L.P. lifted its position in Costco Wholesale by 2.7% in the fourth quarter. Alliancebernstein L.P. now owns 5,106,207 shares of the retailer’s stock valued at $2,898,794,000 after purchasing an additional 133,943 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Costco Wholesale in the fourth quarter worth approximately $2,323,746,000. 67.52% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Costco Wholesale from $530.00 to $525.00 in a report on Wednesday, May 25th. BMO Capital Markets reiterated a “buy” rating and set a $580.00 target price on shares of Costco Wholesale in a report on Monday, May 30th. Loop Capital cut their target price on Costco Wholesale from $650.00 to $610.00 and set a “buy” rating on the stock in a research note on Friday, May 27th. Evercore ISI upped their price target on Costco Wholesale from $605.00 to $610.00 in a research report on Thursday, April 7th. Finally, Truist Financial lifted their price objective on Costco Wholesale from $503.00 to $543.00 and gave the stock a “buy” rating in a research report on Friday, May 27th. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $569.56.

In other Costco Wholesale news, Director Mary Agnes Wilderotter bought 850 shares of the firm’s stock in a transaction on Tuesday, June 7th. The stock was acquired at an average price of $470.74 per share, with a total value of $400,129.00. Following the transaction, the director now owns 11,295 shares in the company, valued at $5,317,008.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Claudine Adamo sold 500 shares of the firm’s stock in a transaction dated Friday, April 8th. The shares were sold at an average price of $602.03, for a total transaction of $301,015.00. Following the sale, the executive vice president now directly owns 9,939 shares in the company, valued at approximately $5,983,576.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,998 shares of company stock worth $5,278,469. Insiders own 0.22% of the company’s stock.

NASDAQ:COST opened at $459.96 on Thursday. The firm has a market capitalization of $203.74 billion, a P/E ratio of 36.22, a PEG ratio of 3.87 and a beta of 0.71. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 0.48. Costco Wholesale Co. has a one year low of $390.59 and a one year high of $612.27. The company’s 50-day simple moving average is $496.50 and its 200 day simple moving average is $522.53.

Costco Wholesale (NASDAQ:COSTGet Rating) last issued its quarterly earnings results on Thursday, May 26th. The retailer reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $3.03 by $0.01. Costco Wholesale had a return on equity of 29.71% and a net margin of 2.60%. The firm had revenue of $52.60 billion for the quarter, compared to analysts’ expectations of $51.49 billion. During the same period in the previous year, the firm posted $2.75 EPS. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, equities research analysts expect that Costco Wholesale Co. will post 13.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Friday, April 29th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 0.78%. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.79. The ex-dividend date was Thursday, April 28th. Costco Wholesale’s dividend payout ratio is 28.35%.

Costco Wholesale Company Profile (Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

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

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