Wedbush Securities Inc. decreased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,825 shares of the retailer’s stock after selling 564 shares during the quarter. Costco Wholesale makes up about 2.8% of Wedbush Securities Inc.’s investment portfolio, making the stock its 4th biggest holding. Wedbush Securities Inc.’s holdings in Costco Wholesale were worth $108,351,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Sheets Smith Wealth Management lifted its position in Costco Wholesale by 1.4% during the 2nd quarter. Sheets Smith Wealth Management now owns 4,502 shares of the retailer’s stock worth $4,212,000 after buying an additional 61 shares in the last quarter. Spinnaker Trust grew its stake in Costco Wholesale by 0.7% in the second quarter. Spinnaker Trust now owns 7,737 shares of the retailer’s stock valued at $7,238,000 after purchasing an additional 53 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Costco Wholesale by 5.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,068,312 shares of the retailer’s stock worth $2,870,314,000 after purchasing an additional 160,893 shares during the last quarter. New Mexico Educational Retirement Board increased its position in shares of Costco Wholesale by 9.4% during the 2nd quarter. New Mexico Educational Retirement Board now owns 22,065 shares of the retailer’s stock worth $20,641,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Toth Financial Advisory Corp raised its stake in shares of Costco Wholesale by 12.4% during the 2nd quarter. Toth Financial Advisory Corp now owns 2,862 shares of the retailer’s stock worth $2,678,000 after purchasing an additional 315 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on COST shares. Guggenheim reissued a “neutral” rating on shares of Costco Wholesale in a research note on Monday, June 1st. UBS Group upped their price target on shares of Costco Wholesale from $1,205.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Oppenheimer lifted their price objective on shares of Costco Wholesale from $1,100.00 to $1,160.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Truist Financial boosted their price objective on shares of Costco Wholesale from $977.00 to $1,011.00 and gave the stock a “hold” rating in a research note on Friday, May 29th. Finally, The Goldman Sachs Group upped their target price on shares of Costco Wholesale from $1,088.00 to $1,159.00 and gave the company a “buy” rating in a report on Friday, May 29th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,059.53.
Costco Wholesale News Roundup
Here are the key news stories impacting Costco Wholesale this week:
- Positive Sentiment: Delivery expansion could boost engagement: Costco is now offering delivery for customizable sheet cakes and party platters, improving convenience and potentially encouraging larger, higher-margin event-related purchases. Costco delivery for cakes and party platters
- Positive Sentiment: Physical expansion continues: Costco opened its first warehouse in Celina, Texas, one of the nation’s fastest-growing cities. New locations can add membership revenue and sales over time, although the financial contribution will develop gradually. Costco opens Celina store
- Positive Sentiment: Long-term investor appeal remains intact: Commentary highlights Costco’s strong competitive moat, membership economics and potential for dividend growth. Its partnership with SCAN Health Plan to offer Medicare Advantage and supplemental plans also provides a potential new customer-engagement channel. Costco Medicare partnership
- Neutral Sentiment: Pricing strategy is both a strength and a challenge: Costco continues to hold its iconic rotisserie chicken at $4.99 by controlling production costs. The price reinforces customer loyalty, but inflation and supply costs could pressure margins if the company maintains the price indefinitely. Costco rotisserie chicken and inflation
- Negative Sentiment: Legal and valuation concerns are weighing on sentiment: Costco is refunding certain tariff duties while contesting a related class-action lawsuit, creating uncertainty over costs and potential liabilities. Separately, the stock’s high earnings multiple and position below its 200-day moving average leave it vulnerable to profit-taking; its latest quarterly EPS narrowly missed estimates despite a revenue beat. Costco tariff refunds and lawsuit
Costco Wholesale Price Performance
COST stock opened at $945.47 on Monday. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,096.50. The business’s 50 day simple moving average is $945.80 and its 200 day simple moving average is $979.80. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $419.30 billion, a PE ratio of 47.56, a PEG ratio of 4.50 and a beta of 0.87.
Costco Wholesale (NASDAQ:COST – Get Free Report) last released 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 the consensus estimate of $70.12 billion. During the same period last year, the firm earned $4.28 earnings per share. As a group, research analysts anticipate that Costco Wholesale Corporation will post 20.42 EPS for the current year.
Costco Wholesale Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $5.88 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is presently 29.58%.
Insiders Place Their Bets
In other Costco Wholesale news, Director Kenneth D. Denman sold 885 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total value of $847,343.25. Following the transaction, the director directly owned 4,779 shares of the company’s stock, valued at $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 is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.
Costco Wholesale Profile
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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