Jag Capital Management LLC raised its stake in Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 48.3% during the first quarter, HoldingsChannel reports. The fund owned 24,330 shares of the retailer’s stock after buying an additional 7,919 shares during the period. Costco Wholesale comprises approximately 2.7% of Jag Capital Management LLC’s holdings, making the stock its 11th largest position. Jag Capital Management LLC’s holdings in Costco Wholesale were worth $24,243,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Avalon Trust Co grew its position in Costco Wholesale by 13.7% during the 1st quarter. Avalon Trust Co now owns 3,077 shares of the retailer’s stock valued at $3,066,000 after purchasing an additional 371 shares during the last quarter. Gerald Baker Financial Group LLC purchased a new position in Costco Wholesale in the first quarter worth about $1,281,000. SteelPeak Wealth LLC grew its holdings in shares of Costco Wholesale by 11.2% during the first quarter. SteelPeak Wealth LLC now owns 15,440 shares of the retailer’s stock valued at $15,385,000 after buying an additional 1,554 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Costco Wholesale by 25.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 103,141 shares of the retailer’s stock worth $102,787,000 after acquiring an additional 21,150 shares during the last quarter. Finally, One Day In July LLC lifted its position in Costco Wholesale by 14.0% in the 1st quarter. One Day In July LLC now owns 1,173 shares of the retailer’s stock valued at $1,169,000 after acquiring an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.
Insider Activity
In related news, Director Kenneth D. Denman sold 885 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total value of $847,343.25. Following the transaction, the director directly owned 4,779 shares of the company’s stock, valued at approximately $4,575,653.55. This trade represents a 15.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.
Costco Wholesale Stock Up 3.2%
Costco Wholesale (NASDAQ:COST – Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $70.53 billion during the quarter, compared to the consensus estimate of $70.12 billion. Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.During the same quarter last year, the company earned $4.28 EPS. As a group, analysts forecast that Costco Wholesale Corporation will post 20.38 earnings per share for the current year.
Costco Wholesale Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be given a $1.47 dividend. The ex-dividend date is Friday, July 24th. This represents a $5.88 annualized dividend and a yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.58%.
Wall Street Analysts Forecast Growth
COST has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Costco Wholesale from $1,104.00 to $1,106.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. UBS Group upped their price target on Costco Wholesale from $1,205.00 to $1,275.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Sanford C. Bernstein increased their price objective 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. HC Wainwright reiterated a “buy” rating on shares of Costco Wholesale in a report on Monday, June 1st. Finally, Bank of America lifted their price target on shares of Costco Wholesale from $1,185.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Twenty-two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,059.07.
Get Our Latest Stock Report on Costco Wholesale
Trending Headlines about Costco Wholesale
Here are the key news stories impacting Costco Wholesale this week:
- Positive Sentiment: Costco is set to go ex-dividend on Friday, July 24, with the payout scheduled for August 7, which may be supporting near-term interest from income-focused investors. 2 Well-Known Stocks Are Ready to Pay You Dividends – But You Must Act Before July 24
- Positive Sentiment: New articles highlighted Costco’s strong long-term performance and continued consumer demand, reinforcing the view that the retailer remains a high-quality defensive name. Verizon to Lay Off 3,000 Workers as Part of Broader Restructuring
- Neutral Sentiment: One report said Costco’s June sales growth slowed, but also noted resilient demand, digital gains, and rising estimates; the takeaway was mixed rather than clearly negative. Is Costco Stock Still a Buy After Its June Sales Update?
- Neutral Sentiment: Another article argued Costco still looks expensive after its big multi-year run, which keeps valuation concerns in focus for investors. Costco (COST) Stock Still Looks Overvalued As Its 133% Run Draws Scrutiny
- Neutral Sentiment: Several other stories were broadly informational, including dividend math, comparisons with Walmart, warehouse expansion chatter, and consumer-product placement at Costco, but they do not appear to be major stock drivers on their own. Here’s How Many Shares of Costco Stock You’d Need for $1,000 in Yearly Dividends
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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