Argos Wealth Advisors LLC acquired a new stake in Costco Wholesale Corporation (NASDAQ:COST – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm acquired 722 shares of the retailer’s stock, valued at approximately $622,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. One Day In July LLC boosted its position in shares of Costco Wholesale by 2.1% in the 4th quarter. One Day In July LLC now owns 1,029 shares of the retailer’s stock valued at $887,000 after purchasing an additional 21 shares during the period. Meridian Wealth Management LLC boosted its position in shares of Costco Wholesale by 0.8% in the 4th quarter. Meridian Wealth Management LLC now owns 18,410 shares of the retailer’s stock valued at $15,876,000 after purchasing an additional 142 shares during the period. Fourth Dimension Wealth LLC boosted its position in shares of Costco Wholesale by 24.9% in the 4th quarter. Fourth Dimension Wealth LLC now owns 476 shares of the retailer’s stock valued at $410,000 after purchasing an additional 95 shares during the period. HighPoint Advisor Group LLC boosted its position in shares of Costco Wholesale by 0.3% in the 4th quarter. HighPoint Advisor Group LLC now owns 19,343 shares of the retailer’s stock valued at $16,680,000 after purchasing an additional 53 shares during the period. Finally, Prosperitas Financial LLC boosted its position in shares of Costco Wholesale by 9.4% in the 4th quarter. Prosperitas Financial LLC now owns 4,212 shares of the retailer’s stock valued at $3,632,000 after purchasing an additional 363 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.
Costco Wholesale Stock Performance
NASDAQ COST opened at $1,021.88 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.59. The business has a 50 day moving average price of $998.78 and a 200 day moving average price of $952.99. The company has a market capitalization of $453.36 billion, a P/E ratio of 53.14, a PEG ratio of 4.92 and a beta of 0.92. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,067.08.
Costco Wholesale Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a dividend of $1.47 per share. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.30. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, May 1st. Costco Wholesale’s payout ratio is presently 30.58%.
Wall Street Analyst Weigh In
COST has been the subject of a number of research analyst reports. TD Cowen reissued a “buy” rating on shares of Costco Wholesale in a research report on Friday, March 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,192.00 price objective on shares of Costco Wholesale in a research note on Tuesday. Truist Financial upped their price objective on Costco Wholesale from $926.00 to $977.00 and gave the company a “hold” rating in a research note on Friday, March 6th. BMO Capital Markets upped their price objective on Costco Wholesale from $1,175.00 to $1,315.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Finally, Telsey Advisory Group upped their price objective on Costco Wholesale from $1,125.00 to $1,135.00 and gave the company an “outperform” rating in a research note on Thursday, April 9th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,047.27.
Check Out Our Latest Stock Analysis on Costco Wholesale
Insider Activity at Costco Wholesale
In related news, EVP Claudine Adamo sold 730 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $1,003.02, for a total value of $732,204.60. Following the transaction, the executive vice president owned 6,121 shares in the company, valued at approximately $6,139,485.42. The trade was a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.
Costco Wholesale News Summary
Here are the key news stories impacting Costco Wholesale this week:
- Positive Sentiment: Costco posted strong April sales trends, with reports citing 11.6% comparable sales growth, 13% net sales growth, and an 18.8% rise in digitally enabled comps, reinforcing confidence in the company’s membership-driven model and e-commerce expansion.
- Positive Sentiment: TD Cowen issued a bullish view after visiting Costco’s headquarters, suggesting the retailer still has room to grow and that the stock’s recent strength may be supported by fundamentals rather than just market momentum. Article Title
- Positive Sentiment: Several pieces pointed to Costco as a defensive, high-quality retailer with durable demand and strong customer loyalty, which may be attracting investors looking for stability amid broader consumer uncertainty.
- Neutral Sentiment: Some coverage framed Costco as a “hold” or questioned whether the stock’s valuation is already rich, implying that much of the good news may already be priced in. Article Title
- Neutral Sentiment: Other articles discussed long-term growth themes such as digital perks, food court changes, and broader consumer-staples positioning, but these were more informational than immediate stock catalysts.
- Negative Sentiment: Valuation remains a concern, with multiple articles noting that Costco trades at a premium and may warrant patience if growth slows or margins come under pressure.
- Negative Sentiment: Some commentary suggested Costco has underperformed the broader market over the past year, which could temper enthusiasm despite its strong operating performance. Article Title
Costco Wholesale Profile
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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Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Corporation (NASDAQ:COST – Free Report).
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