Orser Capital Management LLC acquired a new position in shares of Costco Wholesale Corporation (NASDAQ:COST – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,577 shares of the retailer’s stock, valued at approximately $1,475,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Costco Wholesale by 12.3% during the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after purchasing an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Costco Wholesale by 13.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after purchasing an additional 130 shares during the last quarter. Sivia Capital Partners LLC increased its stake in Costco Wholesale by 4.5% in the second quarter. Sivia Capital Partners LLC now owns 3,853 shares of the retailer’s stock valued at $3,814,000 after purchasing an additional 165 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its position in Costco Wholesale by 1.1% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 2,110 shares of the retailer’s stock worth $2,089,000 after buying an additional 23 shares during the period. Finally, Schnieders Capital Management LLC. lifted its position in Costco Wholesale by 2.2% during the second quarter. Schnieders Capital Management LLC. now owns 8,502 shares of the retailer’s stock worth $8,416,000 after buying an additional 182 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.
Costco Wholesale Stock Performance
Shares of NASDAQ:COST opened at $949.15 on Friday. The business has a 50-day moving average of $950.68 and a two-hundred day moving average of $982.24. The firm has a market capitalization of $420.93 billion, a PE ratio of 47.74, a P/E/G ratio of 4.55 and a beta of 0.87. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.61. Costco Wholesale Corporation has a 12 month low of $844.06 and a 12 month high of $1,096.50.
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 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 of this dividend is Friday, July 24th. Costco Wholesale’s payout ratio is 29.58%.
Analyst Ratings Changes
A number of brokerages have issued reports on COST. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,120.00 price target on shares of Costco Wholesale in a research note on Thursday. UBS Group increased their price objective on shares of Costco Wholesale from $1,205.00 to $1,275.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. HC Wainwright reissued a “buy” rating on shares of Costco Wholesale in a research report on Monday, June 1st. Wells Fargo & Company boosted their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Finally, Telsey Advisory Group upped their price target on shares of Costco Wholesale from $1,125.00 to $1,135.00 and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,059.53.
View Our Latest Report on Costco Wholesale
Costco Wholesale News Summary
Here are the key news stories impacting Costco Wholesale this week:
- Positive Sentiment: Strong July sales support the investment case. Costco reported July net sales of $23.12 billion, up 10.7% year over year, while sales for the first 48 weeks of the fiscal year rose 10.1% to $273.55 billion. The results indicate continued customer traffic and spending momentum and are likely the main reason the stock has increased. Costco Wholesale Corporation Reports July Sales Results
- Positive Sentiment: Comparable-store sales also improved in July. MarketWatch reported that Costco’s same-store sales increased, suggesting that growth was not driven solely by new warehouse openings. Broad-based comparable sales are generally viewed favorably because they indicate stronger underlying demand and member engagement. Costco Same-Store Sales Rise in July
- Positive Sentiment: Costco’s brand strategy continues to attract attention. Lord & Taylor is reportedly pursuing a Costco-like model, including greater emphasis on private-label merchandise. The comparison highlights the strength of Costco’s Kirkland Signature brand and the competitive advantages of its membership and private-label ecosystem. Formerly bankrupt department store bets on Costco strategy
- Neutral Sentiment: Analysts remain focused on valuation. A TipRanks review noted that COST has risen about 10% year to date while inflation remains a concern. Strong sales support earnings expectations, but the stock’s high earnings multiple leaves less room for disappointing results or slowing growth. Is Costco Stock Still a Good Buy After Its July Sales Report?
- Neutral Sentiment: Articles about student benefits, new groceries, and higher-income consumer spending provide lifestyle or industry context but do not materially change Costco’s earnings outlook. Costco Student Discount
- Negative Sentiment: A proposed tax-sharing agreement connected to a potential Costco and gas-station development has drawn opposition from local residents. The issue appears localized and is unlikely to affect Costco’s near-term financial results, but it could create permitting or reputational friction. Residents Oppose Tax-Sharing Agreement
Insiders Place Their Bets
In other Costco Wholesale news, Director Kenneth D. Denman sold 885 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total transaction of $847,343.25. Following the completion of the sale, the director directly owned 4,779 shares in the company, valued at $4,575,653.55. The trade was a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by company insiders.
About Costco Wholesale
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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