Glenview Trust Co increased its position in shares of Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 6.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,260 shares of the retailer’s stock after purchasing an additional 835 shares during the period. Glenview Trust Co’s holdings in Costco Wholesale were worth $11,435,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Elite Life Management LLC increased its holdings in Costco Wholesale by 36.0% during the fourth quarter. Elite Life Management LLC now owns 740 shares of the retailer’s stock worth $638,000 after buying an additional 196 shares during the last quarter. New Age Alpha Advisors LLC increased its position in Costco Wholesale by 342.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 5,464 shares of the retailer’s stock worth $4,712,000 after buying an additional 4,230 shares during the last quarter. Allen Capital Group LLC increased its position in Costco Wholesale by 79.9% during the fourth quarter. Allen Capital Group LLC now owns 1,144 shares of the retailer’s stock worth $987,000 after buying an additional 508 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Costco Wholesale by 2.3% in the fourth quarter. Hantz Financial Services Inc. now owns 5,465 shares of the retailer’s stock valued at $4,713,000 after buying an additional 125 shares during the last quarter. Finally, Wealthquest Corp bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $274,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.
Costco Wholesale Price Performance
NASDAQ:COST opened at $1,028.24 on Monday. Costco Wholesale Corporation has a one year low of $844.06 and a one year high of $1,096.50. The company has a market cap of $456.18 billion, a P/E ratio of 53.47, a P/E/G ratio of 5.06 and a beta of 0.92. The firm’s fifty day moving average price is $1,007.87 and its two-hundred day moving average price is $960.36. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.59.
Costco Wholesale Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 0.6%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, May 1st. Costco Wholesale’s dividend payout ratio is currently 30.58%.
Trending Headlines about Costco Wholesale
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 Activity at Costco Wholesale
In related news, EVP Claudine Adamo sold 730 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $1,003.02, for a total value of $732,204.60. Following the transaction, the executive vice president directly owned 6,121 shares in the company, valued at approximately $6,139,485.42. This represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently weighed in on COST. Daiwa Securities Group boosted their target price on Costco Wholesale from $917.00 to $975.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. BTIG Research reaffirmed a “buy” rating and set a $1,115.00 price objective on shares of Costco Wholesale in a research report on Thursday, March 5th. UBS Group upped their price objective on shares of Costco Wholesale from $1,205.00 to $1,275.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Truist Financial upped their price objective on shares of Costco Wholesale from $926.00 to $977.00 and gave the company a “hold” rating in a report on Friday, March 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Costco Wholesale from $1,060.00 to $1,110.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,052.60.
Check Out Our Latest Report on COST
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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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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