Pinnacle Associates Ltd. Sells 703 Shares of Costco Wholesale Corporation $COST

Posted by George Bondi on May 14th, 2026

Pinnacle Associates Ltd. cut its stake in shares of Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,877 shares of the retailer’s stock after selling 703 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Costco Wholesale were worth $30,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Hurley Capital LLC lifted its position in Costco Wholesale by 120.0% in the third quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock valued at $31,000 after purchasing an additional 18 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in Costco Wholesale in the 3rd quarter worth $34,000. Collier Financial bought a new stake in Costco Wholesale in the 3rd quarter worth $35,000. Joseph Group Capital Management bought a new stake in Costco Wholesale in the 4th quarter worth $33,000. Finally, AXS Investments LLC bought a new stake in Costco Wholesale in the 3rd quarter worth $36,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

Shares of COST opened at $1,033.08 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.59. Costco Wholesale Corporation has a one year low of $844.06 and a one year high of $1,067.08. The company has a 50-day simple moving average of $999.39 and a two-hundred day simple moving average of $953.63. The firm has a market capitalization of $458.33 billion, a PE ratio of 53.72, a price-to-earnings-growth ratio of 5.03 and a beta of 0.92.

Costco Wholesale (NASDAQ:COST – Get Free Report) last issued its quarterly earnings data on Wednesday, March 11th. The retailer reported $4.58 EPS for the quarter, topping the consensus estimate of $4.55 by $0.03. Costco Wholesale had a net margin of 2.99% and a return on equity of 28.57%. The business had revenue of $69.60 billion during the quarter, compared to analyst estimates of $68.96 billion. During the same period last year, the business posted $4.02 earnings per share. Costco Wholesale’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, analysts anticipate that Costco Wholesale Corporation will post 20.32 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given 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 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, May 1st. Costco Wholesale’s dividend payout ratio is presently 30.58%.

Key Costco Wholesale News

Here are the key news stories impacting Costco Wholesale this week:

Positive Sentiment: TD Cowen’s bullish take after a headquarters visit suggested Costco still has room to grow, while noting the company’s biggest risk is complacency rather than weakening demand. ‘Costco’s (COST) Biggest Risk Is Being Complacent,’ Analyst Says After HQ Visit
Positive Sentiment: Costco’s April sales strength and accelerating e-commerce business were highlighted as evidence that momentum remains solid, which could support revenue expectations going forward. Should Investors Buy Costco Stock Now After Strong April Retail Sales?
Positive Sentiment: Costco acquired a 55-acre site in Fort Myers, a move that signals continued physical expansion and long-term growth potential. Costco Acquires 55-Acre Site in Fort Myers, Marking One of Southwest Florida’s Largest and Highest-Value Land Sales
Neutral Sentiment: Several market commentaries compared Costco with Walmart and other retailers, but the main takeaway was that Costco still looks like a quality operator even as valuation remains rich. Walmart vs Costco Wholesale: Which Retail Stock Is the Better Buy Right Now?
Neutral Sentiment: Stories about a redesigned gas station in California and a new Costco-linked retail purchase order for GEN Korean BBQ point to Costco’s broad ecosystem, but they are unlikely to move the stock on their own. California Costco plans to demolish its gas station — and reveals plans for brand new facility GEN Korean BBQ Secures Its First Direct Southern California and Hawaii Regional Costco Purchase Order
Negative Sentiment: Some articles focused on Costco’s elevated valuation and suggested investors may want to wait or even trim positions, reflecting concern that expectations are already high. Is It Time to Sell Costco Stock? Costco At $1,000: Buy, Sell or Hold?

Insider Buying and Selling at Costco Wholesale

In related news, EVP Claudine Adamo sold 730 shares of Costco Wholesale stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $1,003.02, for a total transaction of $732,204.60. Following the sale, the executive vice president directly owned 6,121 shares in the company, valued at $6,139,485.42. The trade was a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on COST shares. Wells Fargo & Company raised their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. TD Cowen reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Friday, March 6th. Truist Financial upped their price target on Costco Wholesale from $926.00 to $977.00 and gave the company a “hold” rating in a research report on Friday, March 6th. Weiss Ratings raised Costco Wholesale from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 17th. Finally, Mizuho upped their price target on Costco Wholesale from $1,065.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,047.27.

Read Our Latest Report on Costco Wholesale

Costco Wholesale Company Profile

(Free Report)

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.