Hamilton Wealth LLC grew its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 98.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,214 shares of the retailer’s stock after buying an additional 603 shares during the period. Hamilton Wealth LLC’s holdings in Costco Wholesale were worth $1,210,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Costco Wholesale in the fourth quarter worth $27,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Costco Wholesale in the 4th quarter worth about $28,000. Lifetime Wealth Management P.C. bought a new position in Costco Wholesale in the 4th quarter worth about $28,000. Manning & Napier Advisors LLC boosted its stake in Costco Wholesale by 750.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 34 shares of the retailer’s stock worth $34,000 after purchasing an additional 30 shares in the last quarter. Finally, Entrust Financial LLC purchased a new stake in Costco Wholesale during the 4th quarter valued at about $31,000. 68.48% of the stock is owned by hedge funds and other institutional investors.
Costco Wholesale Stock Performance
Shares of COST opened at $974.03 on Thursday. The business has a 50-day simple moving average of $958.85 and a two-hundred day simple moving average of $982.10. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. Costco Wholesale Corporation has a 52 week low of $844.06 and a 52 week high of $1,096.50. The stock has a market cap of $431.96 billion, a price-to-earnings ratio of 49.00, a PEG ratio of 4.67 and a beta of 0.88.
Costco Wholesale Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s dividend payout ratio is presently 29.58%.
Insiders Place Their Bets
In other news, Director Kenneth D. Denman sold 885 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total transaction of $847,343.25. Following the completion of the transaction, the director directly owned 4,779 shares in the company, valued at approximately $4,575,653.55. This represents a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on COST shares. Royal Bank Of Canada started coverage on shares of Costco Wholesale in a research note on Monday, July 13th. They issued a “sector perform” rating and a $1,000.00 target price on the stock. Telsey Advisory Group raised their price target 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. Weiss Ratings lowered shares of Costco Wholesale from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Truist Financial upped their price objective on Costco Wholesale from $977.00 to $1,011.00 and gave the company a “hold” rating in a research report on Friday, May 29th. Finally, Bank of America increased their target price on Costco Wholesale from $1,185.00 to $1,200.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Twenty-two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,059.07.
Read Our Latest Research Report on Costco Wholesale
Costco Wholesale News Summary
Here are the key news stories impacting Costco Wholesale this week:
- Positive Sentiment: Costco is being highlighted as a relatively safe dividend stock as investors favor companies with resilient demand, recurring membership revenue and a history of profit growth. Its earnings expansion has supported ongoing dividend increases and other capital returns. Why Costco, Verizon, Kroger, and Other Safe Dividend Stocks Are Rising
- Positive Sentiment: Costco’s retail partnership with athlete-backed hydration brand Coco5 could add a new health-and-wellness product to its assortment and introduce the brand to millions of members, although the direct financial impact is likely modest initially. Coco5 Signs Retail Partnership with Costco
- Positive Sentiment: A Florida distribution center is now operating with on-site solar generation and battery storage, potentially reducing exposure to grid costs and disruptions while advancing Costco’s sustainability goals. Costco Is Running a Florida Distribution Center Fully Off the Grid
- Neutral Sentiment: The Federal Reserve kept interest rates at 3.5%–3.75%. Stable rates support predictable financing conditions, but the possibility of future policy changes remains important for Costco’s consumer demand and premium valuation. The Fed Held Rates at 3.5%-3.75%
- Neutral Sentiment: Analyst comparisons with Walmart focus on Costco’s loyal membership base, digital growth and resilient sales, but also emphasize that COST trades at a richer valuation, leaving less room for disappointment. Walmart vs. Costco: Which Retail Stock Has the Stronger Edge?
- Negative Sentiment: Costco agreed to a $14 million settlement over allegations that emails sent to Washington shoppers used misleading subject lines. Costco denies wrongdoing, but the settlement adds legal expense and reputational risk. Costco’s $14 Million Email Settlement
- Negative Sentiment: Costco reportedly exited its relationship with Synergy CHC, a setback for that supplier and a possible indication of assortment or commercial changes, though the direct effect on Costco appears limited. Synergy CHC Faces Major Setback as Costco Exits
- Negative Sentiment: An animal-rights investigation alleges severe mistreatment and biosecurity violations at an organic chicken supplier connected to Costco. The allegations could increase supply-chain scrutiny and reputational risk if substantiated. Investigation Into Costco Chicken Supplier
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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