BCS Wealth Management trimmed its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 57.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 510 shares of the retailer’s stock after selling 686 shares during the quarter. BCS Wealth Management’s holdings in Costco Wholesale were worth $508,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $27,000. Lifetime Wealth Management P.C. bought a new stake in shares of Costco Wholesale during the fourth quarter worth $28,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $28,000. Hurley Capital LLC raised its holdings in shares of Costco Wholesale by 120.0% during the third quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock worth $31,000 after acquiring an additional 18 shares during the period. Finally, Entrust Financial LLC bought a new stake in Costco Wholesale in the 4th quarter valued at $31,000. 68.48% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on COST shares. Citigroup began coverage on shares of Costco Wholesale in a research note on Thursday, June 18th. They issued a “neutral” rating and a $1,020.00 target price for the company. Guggenheim reaffirmed a “neutral” rating on shares of Costco Wholesale in a research report on Monday, June 1st. Weiss Ratings downgraded Costco Wholesale from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Roth Mkm lifted their target price on Costco Wholesale from $769.00 to $781.00 and gave the company a “sell” rating in a research report on Friday, May 29th. Finally, Sanford C. Bernstein lifted their target price on Costco Wholesale from $1,192.00 to $1,194.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Twenty-two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,061.45.
Key Costco Wholesale News
Here are the key news stories impacting Costco Wholesale this week:
- Positive Sentiment: Several analysts and market commentators remained constructive on Costco, highlighting its resilient membership model, digital gains, and global expansion as reasons it may outperform other retailers. Costco vs. Target: Which Discount Retailer Holds More Promise?
- Positive Sentiment: Costco also drew favorable valuation/upside coverage, with one report calling for about 10% upside and a path toward $1,000 per share, reinforcing the idea that the recent pullback may be an entry point. Costco Stock Price Prediction: A Path to $1,000 and Double-Digit Upside
- Positive Sentiment: News that Costco is opening two new locations this week, plus approval for another warehouse site, underscores continued store-count expansion and long-term growth potential. Costco is opening 2 new locations this week. See where ‘I can say it’s a Costco’ | engineer says as P&Z approves rezoning for wholesale warehouse
- Positive Sentiment: Coverage comparing Costco with Target emphasized that Costco’s quarterly sales are now more than double Target’s, with seasonal sales strength highlighting the power of its warehouse model. Target vs. Costco: What Their Revenue Trends Tell Investors
- Neutral Sentiment: Articles also framed Costco as a defensive stock that could hold up well during a market correction, which supports investor confidence but is not company-specific news. Costco, Exxon, and 17 More Winners if the Market Drops
- Neutral Sentiment: Recent commentary noted strong sales growth and high membership renewals, but also said the stock fell anyway, suggesting investors may be weighing valuation after a strong run. Costco Just Posted 12% Sales Growth and 92% Membership Renewals, and the Stock Fell Anyway. Is This the Buy-the-Dip Moment?
- Neutral Sentiment: Additional pieces about new products, store openings, and shopping trends mainly reinforce Costco’s brand strength and traffic drivers, but are less likely to move the stock on their own.
Costco Wholesale Stock Performance
Shares of NASDAQ COST opened at $960.78 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 1.07. The stock has a 50 day moving average price of $997.36 and a 200 day moving average price of $970.33. The stock has a market capitalization of $426.09 billion, a PE ratio of 48.33, a price-to-earnings-growth ratio of 4.64 and a beta of 0.88. Costco Wholesale Corporation has a 52 week low of $844.06 and a 52 week high of $1,096.50.
Costco Wholesale (NASDAQ:COST – Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share for the quarter, missing the consensus estimate of $4.94 by ($0.01). Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.The company had revenue of $70.53 billion for the quarter, compared to analyst estimates of $70.12 billion. During the same period last year, the firm earned $4.28 EPS. Analysts predict that Costco Wholesale Corporation will post 20.38 earnings per share for the current fiscal year.
Costco Wholesale Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a $1.47 dividend. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Friday, May 1st. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is 29.58%.
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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