Integrity Alliance LLC. increased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 158.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,909 shares of the retailer’s stock after purchasing an additional 10,360 shares during the period. Integrity Alliance LLC.’s holdings in Costco Wholesale were worth $14,582,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Hurley Capital LLC increased its holdings in shares of Costco Wholesale by 120.0% during the 3rd quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock valued at $31,000 after acquiring an additional 18 shares during the last quarter. Entrust Financial LLC acquired a new position in shares of Costco Wholesale during the 4th quarter valued at about $31,000. Joseph Group Capital Management acquired a new position in shares of Costco Wholesale during the 4th quarter valued at about $33,000. Abich Financial Wealth Management LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter valued at about $34,000. Finally, Collier Financial acquired a new position in shares of Costco Wholesale during the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 68.48% of the company’s stock.
Key Costco Wholesale News
Here are the key news stories impacting Costco Wholesale this week:
- Positive Sentiment: Bank of America reiterated a Buy rating and kept its $1,185 price target, reinforcing the view that Costco (COST) still has upside if it delivers another solid quarter. Article Title
- Positive Sentiment: Analysts and options traders expect a meaningful post-earnings move, highlighting how much attention Costco is drawing heading into results. Article Title
- Positive Sentiment: Recent coverage points to strong membership growth, digital gains, and AI-driven personalization as drivers of continued sales momentum for Costco. Article Title
- Neutral Sentiment: Multiple previews say Costco is well positioned for earnings, but its premium valuation may limit enthusiasm unless the company beats expectations convincingly. Article Title
- Negative Sentiment: A federal jury ruled against Costco in a disability discrimination case, adding a legal and compliance overhang and potential extra costs from attorneys’ fees. Article Title
- Negative Sentiment: One article noted the shares are slipping ahead of earnings, reflecting investor caution and valuation concerns rather than a major operational setback. Article Title
Costco Wholesale Price Performance
Costco Wholesale (NASDAQ:COST – Get Free Report) last announced its earnings results on Wednesday, March 11th. The retailer reported $4.58 earnings per share for the quarter, beating the consensus estimate of $4.55 by $0.03. Costco Wholesale had a return on equity of 28.57% and a net margin of 2.99%.The firm had revenue of $69.60 billion during the quarter, compared to the consensus estimate of $68.96 billion. During the same quarter in the prior year, the company earned $4.02 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. Research analysts predict that Costco Wholesale Corporation will post 20.33 earnings per share for the current year.
Costco Wholesale Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a $1.47 dividend. The ex-dividend date was Friday, May 1st. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.30. Costco Wholesale’s dividend payout ratio is 30.58%.
Insider Activity at Costco Wholesale
In other Costco Wholesale news, EVP Claudine Adamo sold 730 shares of the firm’s 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 value of $732,204.60. Following the completion of the sale, the executive vice president owned 6,121 shares in the company, valued at approximately $6,139,485.42. This trade represents a 10.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on COST. Raymond James Financial increased their price objective on Costco Wholesale from $1,000.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Deutsche Bank Aktiengesellschaft increased their price objective on Costco Wholesale from $1,104.00 to $1,106.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Evercore set a $1,100.00 price objective on Costco Wholesale in a report on Monday, March 2nd. DA Davidson reissued a “neutral” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a report on Friday, April 10th. Finally, Truist Financial increased their target price on Costco Wholesale from $926.00 to $977.00 and gave the company a “hold” rating in a research note on Friday, March 6th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $1,052.60.
Read Our Latest Stock Analysis on Costco Wholesale
Costco Wholesale Company 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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