Wedbush Securities Inc. lowered its position in Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 0.9% in the third quarter, HoldingsChannel.com reports. The fund owned 114,776 shares of the retailer’s stock after selling 1,049 shares during the quarter. Costco Wholesale comprises 2.6% of Wedbush Securities Inc.’s portfolio, making the stock its 6th biggest position. Wedbush Securities Inc.’s holdings in Costco Wholesale were worth $104,485,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of COST. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Costco Wholesale by 2.8% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 12,261 shares of the retailer’s stock worth $11,162,000 after acquiring an additional 336 shares in the last quarter. BRIA Capital Group LLC grew its position in Costco Wholesale by 7.4% during the 3rd quarter. BRIA Capital Group LLC now owns 2,311 shares of the retailer’s stock worth $2,104,000 after acquiring an additional 160 shares during the last quarter. Kennebec Savings Bank increased its holdings in Costco Wholesale by 1.3% during the 3rd quarter. Kennebec Savings Bank now owns 1,454 shares of the retailer’s stock valued at $1,324,000 after purchasing an additional 19 shares in the last quarter. Christensen King & Associates Investment Services Inc. increased its holdings in Costco Wholesale by 22.7% during the 3rd quarter. Christensen King & Associates Investment Services Inc. now owns 600 shares of the retailer’s stock valued at $546,000 after purchasing an additional 111 shares in the last quarter. Finally, TSA Wealth Managment LLC increased its holdings in Costco Wholesale by 11.9% during the 3rd quarter. TSA Wealth Managment LLC now owns 302 shares of the retailer’s stock valued at $275,000 after purchasing an additional 32 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.
Costco Wholesale Stock Performance
Shares of Costco Wholesale stock opened at $1,003.32 on Friday. 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 firm has a market cap of $444.60 billion, a P/E ratio of 48.33, a P/E/G ratio of 4.29 and a beta of 0.88. The firm has a 50 day simple moving average of $937.96 and a 200 day simple moving average of $963.21. Costco Wholesale Corporation has a fifty-two week low of $844.06 and a fifty-two week high of $1,096.50.
Costco Wholesale (NASDAQ:COST – Get Free Report) last posted its quarterly earnings data on Thursday, September 24th. The retailer reported $6.75 earnings per share for the quarter, topping the consensus estimate of $6.54 by $0.21. Costco Wholesale had a net margin of 3.04% and a return on equity of 27.60%. The firm had revenue of $95.72 billion during the quarter, compared to analysts’ expectations of $94.97 billion. During the same quarter in the previous year, the company posted $5.87 EPS. Costco Wholesale’s revenue was up 11.1% on a year-over-year basis. Sell-side analysts predict that Costco Wholesale Corporation will post 22.70 earnings per share for the current fiscal year.
Costco Wholesale Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 30th. Costco Wholesale’s dividend payout ratio (DPR) is 28.32%.
Insider Buying and Selling at Costco Wholesale
In other news, EVP William Richard Wilcox sold 1,100 shares of the business’s stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $958.21, for a total transaction of $1,054,031.00. Following the completion of the sale, the executive vice president owned 3,094 shares in the company, valued at $2,964,701.74. The trade was a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Claudine Adamo sold 2,200 shares of the business’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $915.93, for a total value of $2,015,046.00. Following the sale, the executive vice president owned 7,134 shares of the company’s stock, valued at approximately $6,534,244.62. The trade was a 23.57% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the company. Roth Capital reissued a “sell” rating and issued a $781.00 price objective on shares of Costco Wholesale in a research note on Friday, September 25th. Mizuho lowered their target price on Costco Wholesale from $1,100.00 to $1,065.00 and set an “outperform” rating for the company in a research note on Friday, September 25th. Guggenheim restated a “neutral” rating on shares of Costco Wholesale in a research note on Monday, September 28th. DA Davidson lifted their price target on Costco Wholesale from $1,000.00 to $1,040.00 and gave the company a “neutral” rating in a report on Friday, September 25th. Finally, Bank of America reduced their price target on shares of Costco Wholesale from $1,200.00 to $1,095.00 and set a “buy” rating on the stock in a research report on Wednesday, September 16th. Twenty-five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,086.19.
Read Our Latest Research Report on COST
Costco Wholesale News Roundup
Here are the key news stories impacting Costco Wholesale this week:
- Positive Sentiment: Analyst support remains strong. CICC initiated coverage with an Outperform rating, while Tigress Financial raised its price target to $1,250. Erste Group also increased its FY2028 EPS estimate to $25.07 from $25.01, above the current-year consensus estimate of $22.70. CICC coverage article Tigress Financial price target article
- Positive Sentiment: Growth and customer engagement remain key positives. Costco’s membership model has delivered substantial long-term shareholder returns, and the company is reportedly using purchasing data to better target high-spending members. REJURAN Cosmetics is also expanding through Costco’s first Beauty Table program, potentially adding traffic and broadening its premium beauty offering. Costco customer spending article REJURAN retail expansion article
- Neutral Sentiment: Long-term growth screens are favorable, and analysts’ average recommendation is equivalent to a Buy. However, these reports largely reiterate existing optimism rather than provide a new earnings catalyst. Zacks growth stock article
- Negative Sentiment: Valuation and competition remain concerns. Costco trades at a high earnings multiple, leaving the stock sensitive to profit-taking or disappointing growth. Kroger is planning major investments and price cuts to win back market share from Costco and Walmart, which could intensify grocery competition and pressure margins. Kroger competition article
Costco Wholesale Profile
Costco Wholesale Corporation operates a membership-based warehouse retail business under the Costco name. The company sells merchandise in bulk and at competitive prices through warehouse clubs and e-commerce platforms, serving individual consumers, businesses and other organizations.
Its product selection includes groceries and fresh foods, household supplies, appliances, electronics, furniture, apparel, health and beauty products, jewelry, automotive products and prescription drugs. Costco also provides services such as optical care, pharmacy services, hearing-aid sales, travel offerings and fuel sales, depending on location.
The company traces its roots to Price Club, which opened in San Diego in 1976.
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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).
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