Fox Hill Wealth Management Has $3.39 Million Position in Costco Wholesale Corporation $COST

Fox Hill Wealth Management cut its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 4.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,428 shares of the retailer’s stock after selling 160 shares during the quarter. Costco Wholesale makes up approximately 1.7% of Fox Hill Wealth Management’s portfolio, making the stock its 14th biggest position. Fox Hill Wealth Management’s holdings in Costco Wholesale were worth $3,393,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COST. Investment Management Corp VA ADV acquired a new position in Costco Wholesale during the 4th quarter worth about $25,000. Anderson Financial Strategies LLC lifted its holdings in Costco Wholesale by 900.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after buying an additional 36 shares during the period. eCIO Inc. acquired a new position in shares of Costco Wholesale in the 1st quarter valued at about $48,000. Aspect Partners LLC lifted its stake in shares of Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after purchasing an additional 11 shares during the period. Finally, Capital A Wealth Management LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at about $58,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $967.90 on Friday. Costco Wholesale Corporation has a one year low of $867.16 and a one year high of $1,078.23. The firm has a market capitalization of $429.24 billion, a price-to-earnings ratio of 54.90, a PEG ratio of 5.43 and a beta of 0.97. The business has a 50-day simple moving average of $960.40 and a 200 day simple moving average of $974.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given 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, August 1st. Costco Wholesale’s payout ratio is presently 29.50%.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of recent analyst reports. Loop Capital dropped their price objective on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a research note on Thursday, May 29th. Evercore ISI dropped their price objective on Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 17th. Erste Group Bank downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. boosted their price objective on Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Finally, Wall Street Zen raised Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Seventeen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,056.67.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president directly owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 547 shares of the business’s stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the sale, the director directly owned 11,531 shares of the company’s stock, valued at $11,300,380. This represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,147 shares of company stock valued at $5,031,130 in the last three months. Corporate insiders own 0.18% of the company’s stock.

About Costco Wholesale

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.