Dickmeyer Boyce Financial Management Inc. acquired a new position in Costco Wholesale Corporation (NASDAQ:COST – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 564 shares of the retailer’s stock, valued at approximately $562,000.
Several other large investors have also added to or reduced their stakes in COST. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $27,000. Lifetime Wealth Management P.C. purchased a new position in shares of Costco Wholesale in the 4th quarter worth $28,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $28,000. Entrust Financial LLC purchased a new position in shares of Costco Wholesale in the 4th quarter worth approximately $31,000. Finally, Joseph Group Capital Management purchased a new position in shares of Costco Wholesale in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.
Costco Wholesale Stock Down 0.1%
Shares of Costco Wholesale stock opened at $926.06 on Friday. The firm’s 50 day moving average price is $968.19 and its 200-day moving average price is $980.24. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week high of $1,096.50. The company has a market cap of $410.69 billion, a P/E ratio of 46.58, a PEG ratio of 4.48 and a beta of 0.88.
Costco Wholesale Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio is presently 29.58%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada started coverage on shares of Costco Wholesale in a research note on Monday, July 13th. They issued a “sector perform” rating and a $1,000.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Costco Wholesale from $1,110.00 to $1,100.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Guggenheim restated a “neutral” rating on shares of Costco Wholesale in a research report on Monday, June 1st. Citigroup initiated coverage on Costco Wholesale in a research note on Thursday, June 18th. They set a “neutral” rating and a $1,020.00 target price on the stock. Finally, Sanford C. Bernstein increased their price target on Costco Wholesale from $1,192.00 to $1,194.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Twenty-two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $1,059.07.
Trending Headlines about Costco Wholesale
Here are the key news stories impacting Costco Wholesale this week:
- Positive Sentiment: Costco is expanding its warehouse footprint with several planned new locations across multiple states, including a first store in some markets, which could support membership growth, sales, and regional market share. Costco plans several new stores in multiple states: Here’s where
- Positive Sentiment: Analysts continue to view Costco favorably, with consensus ratings still at “Moderate Buy,” reinforcing confidence in the company’s defensive business model and long-term earnings power. Costco Wholesale Corporation (NASDAQ:COST) Receives Consensus Recommendation of “Moderate Buy” from Analysts
- Positive Sentiment: Costco’s early Executive Membership success in China and continued warehouse expansion there could improve fee income and customer loyalty, creating a new growth catalyst outside the U.S. Why China Could Become Costco’s Next Membership Catalyst
- Positive Sentiment: New product launches and retailer exclusives from brands like Laifen and Jackery show Costco remains an attractive distribution channel, supporting traffic and merchandising momentum. Is Costco Wholesale (COST) Undervalued As New Product Launches Test Its Premium Valuation?
- Neutral Sentiment: Commentary focused on Costco’s high dividend growth and durable earnings model adds to the bullish long-term case, but it does not appear to be a new catalyst on its own. Will Costco (COST) be Able to Continue High Dividend Growth?
- Neutral Sentiment: Reports about a new standalone gas station and local tax revenue from store openings highlight business expansion, but they are more incremental than transformative for the stock. Costco Officially Launched Standalone Gas Stations. Don’t Count on This Fueling Another Leg Higher in COST Stock. Costco could bring millions in new tax revenue to Clarksville, leaders say
- Negative Sentiment: Investor concern remains around Costco’s premium valuation, with recent commentary questioning whether the stock is still undervalued after its strong run. Is Costco Wholesale (COST) Undervalued As New Product Launches Test Its Premium Valuation?
- Negative Sentiment: Legal headlines noting multiple lawsuits this year may add some overhang, even if the direct financial impact is still unclear. Costco had 3 lawsuits filed against it this year: See why
Insider Activity at Costco Wholesale
In other 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 completion of the sale, the director owned 4,779 shares of the company’s stock, valued at $4,575,653.55. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.
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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