Costco Wholesale Corporation $COST Stock Acquired by First County Bank CT

Posted by Brian Himes on Oct 13th, 2026

First County Bank CT grew its stake in Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 45.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,309 shares of the retailer’s stock after purchasing an additional 1,350 shares during the period. Costco Wholesale makes up approximately 1.7% of First County Bank CT’s holdings, making the stock its 11th largest holding. First County Bank CT’s holdings in Costco Wholesale were worth $3,923,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. State Street Corp boosted its stake in Costco Wholesale by 31.7% in the 2nd quarter. State Street Corp now owns 23,901,594 shares of the retailer’s stock valued at $22,359,224,000 after buying an additional 5,749,362 shares in the last quarter. Bank of America Corp DE grew its position in Costco Wholesale by 11.5% in the first quarter. Bank of America Corp DE now owns 7,515,031 shares of the retailer’s stock valued at $7,488,203,000 after acquiring an additional 773,651 shares during the period. Diamant Asset Management Inc. raised its stake in Costco Wholesale by 99,278.0% during the first quarter. Diamant Asset Management Inc. now owns 6,726,899 shares of the retailer’s stock worth $672,690,000 after acquiring an additional 6,720,130 shares in the last quarter. Corient Private Wealth LLC raised its stake in Costco Wholesale by 838.9% during the fourth quarter. Corient Private Wealth LLC now owns 6,125,405 shares of the retailer’s stock worth $5,282,182,000 after acquiring an additional 5,472,968 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Costco Wholesale by 3.4% during the fourth quarter. Invesco Ltd. now owns 4,328,729 shares of the retailer’s stock valued at $3,732,836,000 after acquiring an additional 143,150 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale News Roundup

Here are the key news stories impacting Costco Wholesale this week:

Positive Sentiment: September sales and digital growth remain strong. Costco reported September net sales of approximately $30.02 billion, up 13% year over year. Digital sales rose 19%, helped by expanded delivery options and personalization, reinforcing expectations for continued growth. Costco September sales growth article Costco digital sales growth article
Positive Sentiment: Analyst estimates point to continued earnings growth. Erste Group raised its FY2027 EPS forecast to $22.80 from $22.67 and expects FY2028 EPS of $25.01. The higher long-term outlook supports the case that Costco’s resilient, membership-based model can justify its elevated valuation. Costco analyst estimates
Positive Sentiment: Potential store expansion could add jobs and sales. Filings indicate a proposed West Oakland Costco could employ hundreds, while broader coverage highlights Costco’s influence on surrounding development and housing demand. These developments are longer-term rather than immediate earnings catalysts. West Oakland Costco article
Neutral Sentiment: Fuel prices create a mixed comparison. Elevated gasoline prices can increase reported fuel sales, but lower prices could leave consumers with more money for merchandise. Investors are also questioning how much of Costco’s recent sales growth reflects higher fuel prices rather than underlying demand. Costco gasoline prices article
Negative Sentiment: Valuation and interest rates remain headwinds. The 10-year Treasury yield is reported at 5.2%, substantially above Costco’s dividend yield, making the stock less attractive to income-focused investors. COST’s premium multiple leaves limited room for weaker sales or slower earnings growth. Costco valuation and Treasury yield article

Insider Activity

In other news, EVP Claudine Adamo sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $915.93, for a total transaction of $2,015,046.00. Following the transaction, the executive vice president directly owned 7,134 shares in the company, valued at approximately $6,534,244.62. This represents a 23.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST stock traded down $2.37 during trading hours on Tuesday, hitting $957.07. 490,463 shares of the company’s stock were exchanged, compared to its average volume of 2,180,326. The stock’s 50-day moving average is $930.81 and its 200-day moving average is $963.26. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.06 and a quick ratio of 0.62. The stock has a market cap of $424.11 billion, a price-to-earnings ratio of 46.15, a price-to-earnings-growth ratio of 4.05 and a beta of 0.88. Costco Wholesale Corporation has a 52 week low of $844.06 and a 52 week high of $1,096.50.

Costco Wholesale (NASDAQ:COST – Get Free Report) last announced its earnings results on Thursday, September 24th. The retailer reported $6.75 earnings per share for the quarter, beating analysts’ consensus estimates of $6.54 by $0.21. Costco Wholesale had a return on equity of 27.60% and a net margin of 3.04%. The company had revenue of $95.72 billion during the quarter, compared to analyst estimates of $94.97 billion. During the same period last year, the company posted $5.87 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, research analysts forecast that Costco Wholesale Corporation will post 22.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on COST shares. JPMorgan Chase & Co. reduced their target price on shares of Costco Wholesale from $1,100.00 to $1,015.00 and set an “overweight” rating on the stock in a research note on Friday, September 25th. TD Cowen reiterated a “buy” rating on shares of Costco Wholesale in a research report on Friday, September 25th. Evercore reissued an “outperform” rating on shares of Costco Wholesale in a report on Tuesday, September 22nd. HSBC upgraded shares of Costco Wholesale to a “buy” rating in a research report on Friday, September 25th. Finally, Mizuho reduced their price target on shares of Costco Wholesale from $1,100.00 to $1,065.00 and set an “outperform” rating on the stock in a research report on Friday, September 25th. Twenty-three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,046.27.

Read Our Latest Analysis on COST

About Costco Wholesale

(Free Report)

Costco Wholesale Corporation operates a membership-based warehouse retail business under the Costco name. The company sells a broad selection of merchandise, including groceries, fresh foods, beverages, appliances, electronics, furniture, apparel, jewelry, hardware, and seasonal products. It also offers services such as gasoline, pharmacies, optical departments, hearing-aid centers, food courts, travel services, and business delivery in selected markets.

Costco markets many products under its private-label Kirkland Signature brand and sells merchandise through warehouse locations and e-commerce platforms.