Livforsakringsbolaget Skandia Omsesidigt Has $8.32 Million Stock Position in Costco Wholesale Corporation $COST

Livforsakringsbolaget Skandia Omsesidigt cut its position in shares of Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 23.6% during the 4th quarter, Holdings Channel reports. The firm owned 9,651 shares of the retailer’s stock after selling 2,980 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Costco Wholesale were worth $8,321,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in COST. Harvest Fund Management Co. Ltd grew its stake in Costco Wholesale by 14.3% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 40,234 shares of the retailer’s stock worth $34,688,000 after buying an additional 5,040 shares in the last quarter. Prudential PLC boosted its position in Costco Wholesale by 249.3% during the 4th quarter. Prudential PLC now owns 41,568 shares of the retailer’s stock valued at $35,846,000 after buying an additional 29,667 shares during the period. Argent Advisors Inc. boosted its position in Costco Wholesale by 9.3% during the 4th quarter. Argent Advisors Inc. now owns 1,506 shares of the retailer’s stock valued at $1,299,000 after buying an additional 128 shares during the period. Vise Technologies Inc. boosted its position in Costco Wholesale by 76.4% during the 4th quarter. Vise Technologies Inc. now owns 16,329 shares of the retailer’s stock valued at $14,081,000 after buying an additional 7,072 shares during the period. Finally, Regency Capital Management Inc. DE boosted its position in Costco Wholesale by 0.9% during the 4th quarter. Regency Capital Management Inc. DE now owns 14,188 shares of the retailer’s stock valued at $12,235,000 after buying an additional 121 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 completion of the sale, the executive vice president directly owned 6,121 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Costco Wholesale Trading Up 1.1%

Shares of COST opened at $972.59 on Friday. The company’s fifty day moving average is $1,006.77 and its 200 day moving average is $963.93. Costco Wholesale Corporation has a fifty-two week low of $844.06 and a fifty-two week high of $1,096.50. The stock has a market capitalization of $431.49 billion, a PE ratio of 48.92, a P/E/G ratio of 4.66 and a beta of 0.88. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.06.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 earnings per share for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). Costco Wholesale had a net margin of 3.01% and a return on equity of 28.72%. The firm had revenue of $70.53 billion for the quarter, compared to the consensus estimate of $70.12 billion. During the same quarter last year, the firm earned $4.28 EPS. Sell-side analysts expect that Costco Wholesale Corporation will post 20.38 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The firm 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. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Friday, May 1st. Costco Wholesale’s payout ratio is currently 29.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Mizuho set a $1,100.00 target price on shares of Costco Wholesale in a research report on Monday. TD Cowen restated a “buy” rating and set a $1,175.00 price objective on shares of Costco Wholesale in a research note on Wednesday. Raymond James Financial raised their price objective on shares of Costco Wholesale from $1,000.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Telsey Advisory Group increased their price objective on shares of Costco Wholesale from $1,125.00 to $1,135.00 and gave the company an “outperform” rating in a research report on Thursday, April 9th. Finally, BTIG Research reissued a “buy” rating and issued a $1,125.00 price objective on shares of Costco Wholesale in a report on Friday, May 29th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $1,060.41.

View Our Latest Analysis on Costco Wholesale

Costco Wholesale News Roundup

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

  • Positive Sentiment: Costco’s May sales came in strong, with revenue up 14.5% year over year and robust comparable-sales growth, reinforcing the company’s momentum in membership-driven retail demand. Article Title
  • Positive Sentiment: Analysts remain constructive on COST, with TD Cowen, UBS, William Blair, and DA Davidson maintaining bullish or supportive ratings and price targets that imply upside from current levels. Article Title
  • Positive Sentiment: Costco is expanding higher-margin and traffic-driving initiatives, including exclusive products like Ghost beverages, stronger wellness/self-care sales, and faster same-day delivery and online engagement. Article Title
  • Positive Sentiment: The company’s gasoline strategy is also boosting store visits, as record fuel volumes and lower-priced gas continue to draw members into warehouses and support overall traffic. Article Title

Costco Wholesale Company Profile

(Free Report)

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.

Further Reading

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:COSTFree Report).

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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