Capital World Investors raised its stake in Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,937,286 shares of the retailer’s stock after buying an additional 77,650 shares during the period. Capital World Investors’ holdings in Costco Wholesale were worth $3,395,301,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the stock. Caliber Wealth Management LLC KS increased its holdings in shares of Costco Wholesale by 1.7% in the third quarter. Caliber Wealth Management LLC KS now owns 655 shares of the retailer’s stock valued at $606,000 after buying an additional 11 shares in the last quarter. Somerset Group LLC increased its holdings in shares of Costco Wholesale by 0.3% in the third quarter. Somerset Group LLC now owns 4,220 shares of the retailer’s stock valued at $3,906,000 after buying an additional 11 shares in the last quarter. Hughes Financial Services LLC increased its holdings in shares of Costco Wholesale by 4.3% in the third quarter. Hughes Financial Services LLC now owns 268 shares of the retailer’s stock valued at $245,000 after buying an additional 11 shares in the last quarter. Bank & Trust Co increased its holdings in shares of Costco Wholesale by 18.3% in the fourth quarter. Bank & Trust Co now owns 71 shares of the retailer’s stock valued at $61,000 after buying an additional 11 shares in the last quarter. Finally, LongView Wealth Management increased its holdings in shares of Costco Wholesale by 1.1% in the fourth quarter. LongView Wealth Management now owns 1,025 shares of the retailer’s stock valued at $966,000 after buying an additional 11 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on COST shares. Guggenheim reaffirmed a “neutral” rating on shares of Costco Wholesale in a report on Monday, June 1st. Evercore set a $1,100.00 target price on shares of Costco Wholesale in a research note on Monday, March 2nd. BMO Capital Markets boosted their target price on shares of Costco Wholesale from $1,175.00 to $1,315.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Rothschild & Co Redburn boosted their target price on shares of Costco Wholesale from $890.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Finally, UBS Group boosted their target price on shares of Costco Wholesale from $1,205.00 to $1,275.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,060.41.
Costco Wholesale Trading Down 0.0%
Shares of NASDAQ:COST opened at $971.87 on Friday. The stock has a market capitalization of $431.00 billion, a PE ratio of 48.89, a P/E/G ratio of 4.71 and a beta of 0.88. Costco Wholesale Corporation has a 1 year low of $844.06 and a 1 year high of $1,096.50. The firm has a fifty day moving average price of $1,006.71 and a 200 day moving average price of $963.99. The company has a current ratio of 1.07, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17.
Costco Wholesale (NASDAQ:COST – Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). The business had revenue of $70.53 billion during the quarter, compared to the consensus estimate of $70.12 billion. Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.During the same quarter in the prior year, the company posted $4.28 earnings per share. Analysts expect that Costco Wholesale Corporation will post 20.38 EPS 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 issued a $1.47 dividend. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.30. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, May 1st. Costco Wholesale’s dividend payout ratio is currently 29.58%.
Insider Transactions at Costco Wholesale
In related news, EVP Claudine Adamo sold 730 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $6,139,485.42. This represents a 10.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.
Key Stories Impacting Costco Wholesale
Here are the key news stories impacting Costco Wholesale this week:
- Positive Sentiment: Costco posted another strong month, with May net sales up 14.5% year over year to $24.01 billion and comparable sales still running at a healthy pace, reinforcing the view that traffic and spending trends remain solid. Costco Wholesale Corporation Reports May Sales Results
- Positive Sentiment: Analysts continued to point to Costco’s defensive fundamentals, strong U.S. comparable sales, fuel-driven traffic, and growing digital business as reasons for optimism on the stock. Costco Stock (COST) Keeps Wall Street Split despite Accelerating Sales
- Positive Sentiment: Costco’s ability to hold up during the broader market sell-off underscored its reputation as a defensive retailer, which may have helped support investor interest. Why Costco Stock Held Steady During Friday’s Market Sell-Off
- Neutral Sentiment: Several articles framed Costco as a high-quality long-term compounder, but also emphasized that its premium valuation leaves less room for error if growth slows. Costco stock price shocks market despite major blowout quarter
- Neutral Sentiment: Costco’s valuation remains a debate point on Wall Street, with some analysts maintaining Buy ratings and high price targets while others argue the stock already reflects much of the good news. Costco: Robust Comps and Reaccelerating Digital Sales Support Buy Rating, Price Target Reaffirmed at $1275
- Negative Sentiment: One recent note argued that Costco’s strong quarter was not enough to offset valuation worries, suggesting investors may be hesitant to pay up after the recent sales-driven rally. Costco’s Strong Quarter Still Leaves Investors with a Valuation Problem
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.
Featured Articles
- Five stocks we like better than Costco Wholesale
- Samsara Just Answered The AI Question—Is Wall Street Ready To Listen?
- IREN’s 800MW Bet Flips the AI Power Switch
- CrowdStrike Earnings Beat Sparks Selloff—Buy the Dip?
- Tesla’s EV Rebound Leaves Rivian and Lucid Facing a Tougher Investor Test
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).
Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.
