Investment House LLC Has $54.79 Million Stake in Costco Wholesale Corporation $COST

Investment House LLC lessened its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 63,541 shares of the retailer’s stock after selling 1,103 shares during the period. Costco Wholesale accounts for about 2.6% of Investment House LLC’s investment portfolio, making the stock its 8th biggest holding. Investment House LLC’s holdings in Costco Wholesale were worth $54,794,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Hurley Capital LLC boosted its stake in shares of Costco Wholesale by 120.0% in the third quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock worth $31,000 after acquiring an additional 18 shares during the period. Entrust Financial LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth about $31,000. Abich Financial Wealth Management LLC bought a new position in shares of Costco Wholesale in the third quarter worth about $34,000. Collier Financial bought a new position in shares of Costco Wholesale in the third quarter worth about $35,000. Finally, Joseph Group Capital Management bought a new position in shares of Costco Wholesale in the fourth quarter worth about $33,000. Institutional investors own 68.48% of the company’s stock.

Key Headlines Impacting Costco Wholesale

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

• Positive Sentiment: Costco raised its quarterly dividend by 13% to $1.47 per share, marking 22 straight years of dividend increases and signaling confidence in cash generation. This helped push shares to new highs. Where Will Costco Stock Be In 2028?
• Positive Sentiment: Analysts turned more constructive ahead of the company’s May 28 earnings report, with Oppenheimer lifting its price target to $1,160 after strong April sales and the dividend hike. Costco (COST) Stock Gains as Analysts Raise Price Targets Before Quarterly Report
• Positive Sentiment: Costco’s April sales reinforced its defensive appeal, with 11.6% comparable sales growth and 18.8% digital sales growth as value-focused shoppers kept buying in bulk. Costco’s April Sales Reinforce Its Case as the Ultimate Defensive Stock
• Positive Sentiment: New food-court items, including chicken strips, are generating customer buzz and social media attention that may support traffic and membership loyalty. Forget chicken fingers, Costco quietly adds new food court item
• Neutral Sentiment: Several articles discuss whether Costco should split its stock now that shares are above $1,000, but management has not announced any split. Costco’s Stock Keeps Breaking the $1,000 Threshold — Don’t Expect a Stock Split

Insider Buying and Selling at Costco Wholesale

In related news, EVP Claudine Adamo sold 730 shares of the firm’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 transaction, the executive vice president directly owned 6,121 shares of the company’s stock, valued at approximately $6,139,485.42. This trade represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Costco Wholesale Stock Up 1.7%

NASDAQ COST opened at $1,094.32 on Wednesday. The stock has a 50 day moving average price of $1,004.71 and a 200-day moving average price of $957.59. Costco Wholesale Corporation has a one year low of $844.06 and a one year high of $1,096.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.06. The company has a market capitalization of $485.50 billion, a P/E ratio of 56.91, a P/E/G ratio of 5.30 and a beta of 0.92.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Wednesday, March 11th. The retailer reported $4.58 earnings per share for the quarter, beating analysts’ consensus estimates of $4.55 by $0.03. Costco Wholesale had a net margin of 2.99% and a return on equity of 28.57%. The firm had revenue of $69.60 billion during the quarter, compared to analyst estimates of $68.96 billion. During the same period last year, the firm posted $4.02 earnings per share. Costco Wholesale’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities analysts predict that Costco Wholesale Corporation will post 20.31 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.5%. 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 30.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. TD Cowen reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Friday, March 6th. BMO Capital Markets upped their price objective on Costco Wholesale from $1,175.00 to $1,315.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Raymond James Financial upped their price objective on Costco Wholesale from $1,000.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. JPMorgan Chase & Co. upped their price objective on Costco Wholesale from $1,060.00 to $1,110.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Finally, Bank of America assumed coverage on Costco Wholesale in a research note on Friday, February 27th. They issued a “buy” rating and a $1,185.00 price objective for the company. Twenty-two 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,049.27.

Costco Wholesale Company 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.