Nemes Rush Group LLC reduced its position in shares of Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 9.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,389 shares of the retailer’s stock after selling 1,350 shares during the period. Nemes Rush Group LLC’s holdings in Costco Wholesale were worth $10,684,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in COST. Caliber Wealth Management LLC KS lifted its stake in Costco Wholesale by 1.7% in the third quarter. Caliber Wealth Management LLC KS now owns 655 shares of the retailer’s stock valued at $606,000 after buying an additional 11 shares during the last quarter. Somerset Group LLC grew its position in shares of Costco Wholesale by 0.3% during the third quarter. Somerset Group LLC now owns 4,220 shares of the retailer’s stock worth $3,906,000 after acquiring an additional 11 shares during the last quarter. Hughes Financial Services LLC grew its position in shares of Costco Wholesale by 4.3% during the third quarter. Hughes Financial Services LLC now owns 268 shares of the retailer’s stock worth $245,000 after acquiring an additional 11 shares during the last quarter. Bank & Trust Co grew its position in shares of Costco Wholesale by 18.3% during the fourth quarter. Bank & Trust Co now owns 71 shares of the retailer’s stock worth $61,000 after acquiring an additional 11 shares during the last quarter. Finally, LongView Wealth Management grew its position in shares of Costco Wholesale by 1.1% during the fourth quarter. LongView Wealth Management now owns 1,025 shares of the retailer’s stock worth $966,000 after acquiring an additional 11 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Costco Wholesale news, EVP Claudine Adamo sold 730 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president directly 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 SEC, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on COST
Costco Wholesale Trading Down 0.0%
NASDAQ:COST opened at $971.87 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,096.50. The firm has a market capitalization of $431.00 billion, a price-to-earnings ratio of 48.89, a price-to-earnings-growth ratio of 4.71 and a beta of 0.88. The stock has a fifty day simple moving average of $1,006.71 and a 200 day simple moving average of $963.99.
Costco Wholesale (NASDAQ:COST – Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. The company had revenue of $70.53 billion during the quarter, compared to analyst estimates of $70.12 billion. During the same quarter last year, the business earned $4.28 EPS. Sell-side analysts forecast that Costco Wholesale Corporation will post 20.38 earnings per share for the current year.
Costco Wholesale Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, May 1st. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.30. Costco Wholesale’s dividend payout ratio is 29.58%.
Costco Wholesale News Summary
Here are the key news stories impacting Costco Wholesale this week:
- Positive Sentiment: Costco posted another strong month, with May net sales up 14.5% year over year to $24.01 billion and comparable sales still running at a healthy pace, reinforcing the view that traffic and spending trends remain solid. Costco Wholesale Corporation Reports May Sales Results
- Positive Sentiment: Analysts continued to point to Costco’s defensive fundamentals, strong U.S. comparable sales, fuel-driven traffic, and growing digital business as reasons for optimism on the stock. Costco Stock (COST) Keeps Wall Street Split despite Accelerating Sales
- Positive Sentiment: Costco’s ability to hold up during the broader market sell-off underscored its reputation as a defensive retailer, which may have helped support investor interest. Why Costco Stock Held Steady During Friday’s Market Sell-Off
- Neutral Sentiment: Several articles framed Costco as a high-quality long-term compounder, but also emphasized that its premium valuation leaves less room for error if growth slows. Costco stock price shocks market despite major blowout quarter
- Neutral Sentiment: Costco’s valuation remains a debate point on Wall Street, with some analysts maintaining Buy ratings and high price targets while others argue the stock already reflects much of the good news. Costco: Robust Comps and Reaccelerating Digital Sales Support Buy Rating, Price Target Reaffirmed at $1275
- Negative Sentiment: One recent note argued that Costco’s strong quarter was not enough to offset valuation worries, suggesting investors may be hesitant to pay up after the recent sales-driven rally. Costco’s Strong Quarter Still Leaves Investors with a Valuation Problem
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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