Robbins Farley acquired a new position in shares of Costco Wholesale Corporation (NASDAQ:COST – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,634 shares of the retailer’s stock, valued at approximately $4,335,000.
Several other hedge funds have also modified their holdings of COST. Brighton Jones LLC grew its stake in shares of Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after buying an additional 2,172 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Costco Wholesale by 13.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after buying an additional 130 shares during the last quarter. Sivia Capital Partners LLC raised its position in shares of Costco Wholesale by 4.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,853 shares of the retailer’s stock worth $3,814,000 after buying an additional 165 shares during the period. Pinnacle Wealth Planning Services Inc. raised its position in shares of Costco Wholesale by 1.1% in the 2nd 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. boosted its holdings in Costco Wholesale by 2.2% in the second quarter. Schnieders Capital Management LLC. now owns 8,502 shares of the retailer’s stock valued at $8,416,000 after acquiring an additional 182 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.
Costco Wholesale Stock Down 0.0%
Shares of Costco Wholesale stock opened at $902.38 on Friday. Costco Wholesale Corporation has a twelve month low of $844.06 and a twelve month high of $1,096.50. The stock has a market cap of $400.19 billion, a price-to-earnings ratio of 45.39, a price-to-earnings-growth ratio of 3.76 and a beta of 0.86. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average price of $941.02 and a 200 day moving average price of $974.99.
Costco Wholesale Dividend Announcement
Insider Activity
In related news, Director Kenneth Denman sold 885 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total transaction of $847,343.25. Following the sale, the director directly owned 4,779 shares in the company, valued at approximately $4,575,653.55. This trade represents a 15.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.
Costco Wholesale News Summary
Here are the key news stories impacting Costco Wholesale this week:
- Positive Sentiment: Expansion supports long-term growth: Costco plans to open 14 warehouses across the United States and Canada before the end of 2026, including five in October and nine in November. New locations could increase membership, sales and recurring fee revenue. Costco set to expand with 14 new warehouses across US and Canada
- Positive Sentiment: A relocated Newport News warehouse is scheduled to open in November, providing additional capacity and potentially improving the customer experience in that market. Relocated Newport News Costco set to open in November
- Positive Sentiment: Freedom Broker upgraded COST to Buy, offering supportive analyst sentiment after the stock’s recent underperformance. Costco Wholesale Raised to Buy at Freedom Broker
- Positive Sentiment: Coverage highlights Costco’s efforts to improve shopping convenience and add seasonal merchandise, initiatives that may strengthen member loyalty and spending relative to Walmart and Amazon. Costco fixed the one thing members hated about shopping there
- Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day days-to-cover ratio, but the reported increase was listed as “NaN,” making the figures unreliable and unlikely to provide a meaningful trading signal.
- Neutral Sentiment: A profile of a well-paid Costco meat cutter underscores the company’s wages, benefits and employee retention, but has limited direct impact on near-term financial results. Costco employee discusses wages and career choice
- Negative Sentiment: Costco reportedly shut down its online Marketplace service, raising questions about e-commerce execution and the company’s ability to compete digitally. Costco abruptly shuts down Marketplace online service
- Negative Sentiment: Residents near the planned Lee’s Summit warehouse are concerned about traffic, potentially causing permitting, construction or community-relations friction. Residents concerned Costco’s new Lee’s Summit location will cause traffic issues
- Negative Sentiment: Some commentary argues Costco may have lost part of its competitive edge and questions whether the stock’s premium valuation is justified after recent underperformance. Cramer warns Costco may have lost its edge
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on COST. Oppenheimer boosted their price target on Costco Wholesale from $1,100.00 to $1,160.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Sanford C. Bernstein set a $1,144.00 price objective on Costco Wholesale in a report on Friday, September 4th. Weiss Ratings lowered Costco Wholesale from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 2nd. Freedom Broker upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $1,030.00 target price for the company in a report on Tuesday. Finally, Guggenheim reissued a “neutral” rating on shares of Costco Wholesale in a research report on Monday, June 1st. Twenty-two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,056.03.
Read Our Latest Stock Report on Costco Wholesale
Costco Wholesale Company Profile
Costco Wholesale Corporation operates membership-based warehouse clubs that offer a broad selection of merchandise at generally competitive prices. Its product range includes groceries, fresh foods, apparel, appliances, electronics, furniture, jewelry, hardware, and seasonal goods, along with private-label products sold under the Kirkland Signature brand.
The company also provides a variety of ancillary services, including gasoline stations, pharmacies, optical centers, hearing-aid centers, food courts, tire centers, and travel services.
Further Reading
- Five stocks we like better than Costco Wholesale
- AeroVironment’s Record Backlog and Earnings Beat Fuel Recovery Case
- Corning Just Locked In a Massive Verizon Fiber Deal as AI Infrastructure Expands
- 3 Under-$20 Stocks Tied to the Future of U.S. Energy and Materials
- Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle
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).
Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.
