GPS Wealth Strategies Group LLC lowered its stake in Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 80.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,307 shares of the retailer’s stock after selling 5,359 shares during the quarter. Costco Wholesale comprises 1.0% of GPS Wealth Strategies Group LLC’s investment portfolio, making the stock its 23rd largest holding. GPS Wealth Strategies Group LLC’s holdings in Costco Wholesale were worth $1,127,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the stock. Brown Wealth Management LLC increased its stake in shares of Costco Wholesale by 3.7% in the 3rd quarter. Brown Wealth Management LLC now owns 305 shares of the retailer’s stock valued at $282,000 after acquiring an additional 11 shares in the last quarter. Caliber Wealth Management LLC KS grew its position in Costco Wholesale by 1.7% in the 3rd quarter. Caliber Wealth Management LLC KS now owns 655 shares of the retailer’s stock valued at $606,000 after purchasing an additional 11 shares during the period. Somerset Group LLC grew its position in Costco Wholesale by 0.3% in the 3rd quarter. Somerset Group LLC now owns 4,220 shares of the retailer’s stock valued at $3,906,000 after purchasing an additional 11 shares during the period. Hughes Financial Services LLC grew its position in Costco Wholesale by 4.3% in the 3rd quarter. Hughes Financial Services LLC now owns 268 shares of the retailer’s stock valued at $245,000 after purchasing an additional 11 shares during the period. Finally, Bank & Trust Co grew its position in Costco Wholesale by 18.3% in the 4th quarter. Bank & Trust Co now owns 71 shares of the retailer’s stock valued at $61,000 after purchasing an additional 11 shares during the period. Institutional investors own 68.48% of the company’s stock.
More Costco Wholesale News
Here are the key news stories impacting Costco Wholesale this week:
- Positive Sentiment: Costco remains a top momentum and growth name, with multiple recent pieces highlighting strong long-term performance and continued investor interest as the shares trade near record levels. Why Costco (COST) is a Top Momentum Stock for the Long-Term
- Positive Sentiment: Speculation about a possible stock split has intensified after Costco broke back above the $1,000 share-price milestone, which can boost sentiment by making the stock seem more accessible to retail investors. Costco Stock Split Rumors Explode as COST Smashes $1,000 Milestone Again
- Positive Sentiment: Analysts and market coverage continue to point to Costco’s solid operating momentum and long-term return profile, reinforcing the view that the business is executing well even after a big run-up. A Look At Costco Wholesale (COST) Valuation As Shares Trade Near Recent Highs
- Neutral Sentiment: Costco is expanding its footprint, including rezoning and land purchase activity for new locations, which supports long-term growth but is not likely to move the stock much on its own. New details emerge in proposed north Macon Costco project
- Neutral Sentiment: Costco is also seeing incremental membership-related promotion and seasonal deal coverage, which may help traffic but appears too small to materially affect the share price near term. This Costco deal cuts the price of membership to $45 – here’s how to get it
- Negative Sentiment: Near-term pressure is coming from valuation concerns: several articles note that Costco’s stock is already priced for strong execution, leaving little room for disappointment after the recent rally. Costco Q3 Earnings Preview: Great Business With Limited Upside
- Negative Sentiment: Costco also traded lower in sympathy with Walmart after Walmart’s earnings and guidance disappointed investors, sparking broader concern about the consumer-retail backdrop. Costco Stock Dips After Walmart’s Q1 Report: What’s Going On?
- Negative Sentiment: Costco is facing headlines around tariff refunds and a tax dispute in Japan, adding some legal and regulatory noise, though these issues do not appear to be the main driver of today’s move. Costco suit highlights gaps in $166B tariff refund process
Insider Transactions at Costco Wholesale
Wall Street Analyst Weigh In
Several research firms recently issued reports on COST. JPMorgan Chase & Co. lifted their price target on shares of Costco Wholesale from $1,060.00 to $1,110.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Bank of America began coverage on shares of Costco Wholesale in a research report on Friday, February 27th. They issued a “buy” rating and a $1,185.00 price target for the company. Weiss Ratings raised shares of Costco Wholesale from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 17th. Mizuho lifted their price target on shares of Costco Wholesale from $1,065.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Finally, Raymond James Financial lifted their price objective on shares of Costco Wholesale from $1,000.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,052.60.
Check Out Our Latest Stock Analysis on Costco Wholesale
Costco Wholesale Price Performance
COST opened at $1,028.24 on Friday. The firm’s fifty day moving average price is $1,007.87 and its two-hundred day moving average price is $960.13. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.59. The company has a market capitalization of $456.18 billion, a price-to-earnings ratio of 53.47, a P/E/G ratio of 5.17 and a beta of 0.92. Costco Wholesale Corporation has a 1 year low of $844.06 and a 1 year high of $1,096.50.
Costco Wholesale (NASDAQ:COST – Get Free Report) last announced its quarterly earnings data on Wednesday, March 11th. The retailer reported $4.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.55 by $0.03. Costco Wholesale had a return on equity of 28.57% and a net margin of 2.99%.The business had revenue of $69.60 billion for the quarter, compared to analysts’ expectations of $68.96 billion. During the same period in the previous year, the business posted $4.02 EPS. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, analysts anticipate that Costco Wholesale Corporation will post 20.33 earnings per share for the current fiscal year.
Costco Wholesale Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $1.47 dividend. The ex-dividend date was Friday, May 1st. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.30. Costco Wholesale’s dividend payout ratio (DPR) is presently 30.58%.
Costco Wholesale Profile
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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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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