956 Shares in Costco Wholesale Corporation $COST Acquired by Goldenstone Wealth Management LLC

Goldenstone Wealth Management LLC acquired a new position in Costco Wholesale Corporation (NASDAQ:COST) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 956 shares of the retailer’s stock, valued at approximately $825,000.

Several other institutional investors also recently modified their holdings of the stock. FourThought Financial Partners LLC increased its position in shares of Costco Wholesale by 5.5% in the fourth quarter. FourThought Financial Partners LLC now owns 13,847 shares of the retailer’s stock worth $11,941,000 after purchasing an additional 727 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Costco Wholesale by 24.1% in the fourth quarter. Global Retirement Partners LLC now owns 19,726 shares of the retailer’s stock worth $17,010,000 after purchasing an additional 3,831 shares during the last quarter. Twin Capital Management Inc. increased its position in shares of Costco Wholesale by 0.7% in the fourth quarter. Twin Capital Management Inc. now owns 6,646 shares of the retailer’s stock worth $5,731,000 after purchasing an additional 49 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC increased its position in shares of Costco Wholesale by 8.6% in the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 1,907 shares of the retailer’s stock worth $1,645,000 after purchasing an additional 151 shares during the last quarter. Finally, Fortis Group Advisors LLC increased its position in shares of Costco Wholesale by 108.1% in the fourth quarter. Fortis Group Advisors LLC now owns 3,635 shares of the retailer’s stock worth $3,417,000 after purchasing an additional 1,888 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Down 1.9%

Shares of NASDAQ COST opened at $1,074.01 on Thursday. 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 current ratio of 1.06 and a quick ratio of 0.59. The firm’s 50 day simple moving average is $1,006.08 and its two-hundred day simple moving average is $958.67. The stock has a market capitalization of $476.48 billion, a P/E ratio of 55.85, a PEG ratio of 5.38 and a beta of 0.92.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Wednesday, March 11th. The retailer reported $4.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $68.96 billion. During the same quarter last year, the business earned $4.02 earnings per share. The business’s revenue was up 9.2% on a year-over-year basis. As a group, analysts expect that Costco Wholesale Corporation will post 20.33 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a $1.47 dividend. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.30. This represents a $5.88 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, May 1st. Costco Wholesale’s dividend payout ratio (DPR) is 30.58%.

Insider Activity

In other news, EVP Claudine Adamo sold 730 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president owned 6,121 shares in the company, valued at approximately $6,139,485.42. This trade represents a 10.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on COST shares. JPMorgan Chase & Co. upped their price objective on shares of Costco Wholesale from $1,060.00 to $1,110.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Oppenheimer increased their price target 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. Jefferies Financial Group reiterated a “buy” rating and set a $1,050.00 price target on shares of Costco Wholesale in a research report on Thursday, March 5th. Daiwa Securities Group increased their price target on shares of Costco Wholesale from $917.00 to $975.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Finally, BTIG Research reiterated a “buy” rating and set a $1,115.00 price target on shares of Costco Wholesale in a research report on Thursday, March 5th. 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 stock. Based on data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $1,052.60.

Key Stories Impacting Costco Wholesale

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

• Positive Sentiment: UBS raised its price target on Costco to $1,275 from $1,205 and reiterated a buy rating, reinforcing the view that the stock still has upside after its strong rally. Benzinga: Costco Wholesale had its price target raised by UBS Group AG from $1,205.00 to $1,275.00
• Positive Sentiment: Higher gas prices may be driving more traffic to Costco’s warehouse clubs as shoppers seek discounted fuel, which could support membership visits and sales. Benzinga: Higher Gas Prices Have Consumers Visiting Costco, Sam’s Club More
• Positive Sentiment: Analysts remain upbeat ahead of Q3, with UBS and other commentators saying Costco should post another strong update despite macro pressures, helped by stable renewal rates and resilient demand. Yahoo Finance: Costco Expected to Deliver Strong Q3 Results Despite Macro Pressures, UBS Says

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.