Osprey Private Wealth LLC lifted its holdings in Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 12.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 9,513 shares of the retailer’s stock after purchasing an additional 1,068 shares during the quarter. Costco Wholesale comprises about 2.7% of Osprey Private Wealth LLC’s holdings, making the stock its 14th biggest position. Osprey Private Wealth LLC’s holdings in Costco Wholesale were worth $9,479,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the business. Avid Wealth Partners LLC grew its holdings in Costco Wholesale by 18.8% in the first quarter. Avid Wealth Partners LLC now owns 398 shares of the retailer’s stock valued at $397,000 after purchasing an additional 63 shares during the period. Petix & Botte Co raised its stake in shares of Costco Wholesale by 0.3% during the 1st quarter. Petix & Botte Co now owns 7,984 shares of the retailer’s stock worth $7,955,000 after buying an additional 23 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Costco Wholesale by 9.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 97,275 shares of the retailer’s stock worth $96,928,000 after buying an additional 8,331 shares during the period. Villere ST Denis J & Co. LLC purchased a new position in shares of Costco Wholesale during the 1st quarter valued at approximately $211,000. Finally, Relyea Zuckerberg Hanson LLC lifted its position in shares of Costco Wholesale by 15.6% during the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 2,411 shares of the retailer’s stock valued at $2,402,000 after buying an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently commented on COST. Weiss Ratings lowered shares of Costco Wholesale from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Sanford C. Bernstein boosted their target price on shares of Costco Wholesale from $1,192.00 to $1,194.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Truist Financial raised their price target on shares of Costco Wholesale from $977.00 to $1,011.00 and gave the company a “hold” rating in a research note on Friday, May 29th. BTIG Research reiterated a “buy” rating and set a $1,125.00 price objective on shares of Costco Wholesale in a research note on Friday, May 29th. Finally, Wells Fargo & Company raised their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,061.10.
Costco Wholesale Price Performance
Shares of Costco Wholesale stock traded up $3.28 on Friday, hitting $916.25. 2,099,105 shares of the company were exchanged, compared to its average volume of 2,488,933. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $983.66 and a 200 day moving average price of $975.25. The stock has a market capitalization of $406.34 billion, a price-to-earnings ratio of 46.09, a price-to-earnings-growth ratio of 4.42 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.
Costco Wholesale (NASDAQ:COST – Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 EPS for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.The company had revenue of $70.53 billion for the quarter, compared to analysts’ expectations of $70.12 billion. During the same quarter in the previous year, the business posted $4.28 EPS. As a group, sell-side analysts predict that Costco Wholesale Corporation will post 20.38 earnings per share for the current fiscal year.
Costco Wholesale Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $5.88 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio is 29.58%.
Insider Activity
In other news, Director Kenneth D. Denman sold 885 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total transaction of $847,343.25. Following the sale, the director owned 4,779 shares of the company’s stock, valued at approximately $4,575,653.55. The trade was a 15.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.
Key Costco Wholesale News
Here are the key news stories impacting Costco Wholesale this week:
- Positive Sentiment: Analysts remained generally constructive, with multiple firms reiterating Buy/Overweight views and price targets around or above current levels, suggesting Wall Street still sees upside for Costco despite the recent pullback.
- Positive Sentiment: Costco announced a quarterly dividend of $1.47 per share, reinforcing its shareholder-return profile. Costco stock overview and dividend note
- Positive Sentiment: Management also expanded its digital wallet feature, which could improve checkout speed and customer convenience. Costco makes payment change that could speed up checkout for members
- Neutral Sentiment: Short-interest data showed no meaningful change, with reported short interest at zero shares, offering little signal for near-term trading.
- Negative Sentiment: Investors are focusing on a slowdown in June sales momentum and weaker adjusted comparable-sales growth, which raises concern that Costco may be losing some near-term growth speed. Reuters article reference
- Negative Sentiment: Competition is intensifying as Walmart and Kroger cut prices, increasing pressure on Costco’s value proposition and margin outlook.
- Negative Sentiment: New headlines about a class-action lawsuit alleging Costco sold protein powder with heavy metals add legal and reputational risk. Consumers sue Costco over heavy metals in protein powder
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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