HighTower Advisors LLC raised its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 448,285 shares of the retailer’s stock after buying an additional 13,371 shares during the quarter. HighTower Advisors LLC’s holdings in Costco Wholesale were worth $419,357,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of COST. BLB&B Advisors LLC raised its position in shares of Costco Wholesale by 2.2% in the second quarter. BLB&B Advisors LLC now owns 25,106 shares of the retailer’s stock valued at $23,486,000 after buying an additional 530 shares during the last quarter. TBH Global Asset Management LLC grew its stake in Costco Wholesale by 2.0% during the 2nd quarter. TBH Global Asset Management LLC now owns 4,795 shares of the retailer’s stock valued at $4,486,000 after acquiring an additional 96 shares in the last quarter. Triton Wealth Management PLLC grew its stake in Costco Wholesale by 3.4% during the 2nd quarter. Triton Wealth Management PLLC now owns 3,586 shares of the retailer’s stock valued at $3,418,000 after acquiring an additional 119 shares in the last quarter. Gryphon Financial Partners LLC raised its holdings in Costco Wholesale by 4.8% in the 2nd quarter. Gryphon Financial Partners LLC now owns 5,093 shares of the retailer’s stock valued at $4,764,000 after acquiring an additional 235 shares during the last quarter. Finally, Montag A & Associates Inc. lifted its stake in Costco Wholesale by 1.5% in the 2nd quarter. Montag A & Associates Inc. now owns 15,253 shares of the retailer’s stock worth $14,268,000 after purchasing an additional 224 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.
Costco Wholesale Stock Performance
Costco Wholesale stock opened at $960.01 on Wednesday. The firm has a 50 day simple moving average of $946.44 and a 200-day simple moving average of $980.87. The stock has a market cap of $425.75 billion, a price-to-earnings ratio of 48.29, a price-to-earnings-growth ratio of 4.62 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 1-year low of $844.06 and a 1-year high of $1,096.50.
Costco Wholesale Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were paid a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $5.88 annualized dividend and a yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is 29.58%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on COST shares. Bank of America boosted their target price on Costco Wholesale from $1,185.00 to $1,200.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Oppenheimer lifted their price objective on Costco Wholesale from $1,100.00 to $1,160.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $1,120.00 price objective on shares of Costco Wholesale in a research note on Thursday, August 6th. The Goldman Sachs Group upped their target price on Costco Wholesale from $1,088.00 to $1,159.00 and gave the company a “buy” rating in a report on Friday, May 29th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $1,125.00 target price on shares of Costco Wholesale in a research note 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,059.53.
Read Our Latest Stock Analysis on COST
Trending Headlines about Costco Wholesale
Here are the key news stories impacting Costco Wholesale this week:
- Positive Sentiment: AI-driven digital opportunity: Costco’s rising AI-generated search traffic reportedly has its highest conversion rate, suggesting AI visibility could become a meaningful catalyst for online sales growth. Will Costco’s AI Search Growth Become a Meaningful Sales Catalyst?
- Positive Sentiment: Continued consumer value appeal: Articles highlighting Costco’s money-saving grocery products, bulk-buying strategies and popular school snacks reinforce the retailer’s value proposition and could support membership loyalty and sales. 7 Costco Grocery Items That Can Save You Hundreds of Dollars Annually
- Neutral Sentiment: Institutional buying: Golden Reserve Retirement LLC increased its COST position by 133.9%, purchasing 592 additional shares. However, the resulting holding of only 1,034 shares is too small to represent a significant market signal. Golden Reserve Retirement LLC Increases Position in Costco
- Neutral Sentiment: Short-interest data provides no clear signal: Reported short interest was zero, with an unusable percentage-change figure and a zero-day days-to-cover ratio, indicating the data does not meaningfully explain trading activity.
- Negative Sentiment: Tariff-refund litigation remains an overhang: Costco is contesting a customer lawsuit over refunds of certain IEEPA duties, while attorneys argue that Costco’s recovery of some duties weakens its case against issuing member refunds. Potential refunds and legal costs could pressure margins. Costco Fights Customer’s Tariff Suit as Refunds Flow In
- Negative Sentiment: Valuation sensitivity: Investor Michael Burry reportedly characterized Costco as “permacostly,” highlighting concern that COST’s elevated earnings multiple leaves less room for disappointment. The latest quarterly EPS also narrowly missed consensus, despite revenue exceeding expectations.
- Neutral Sentiment: Costco’s planned 24-hour closure on September 7 is a routine holiday-related event and is unlikely to materially affect the investment outlook. Costco Will Shut Down for 24 Hours on September 7
Insider Buying and Selling
In other Costco Wholesale news, Director Kenneth D. Denman sold 885 shares of Costco Wholesale 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 sale, the director 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate 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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