Costco Wholesale Corporation $COST Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd grew its position in Costco Wholesale Corporation (NASDAQ:COST) by 14.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,234 shares of the retailer’s stock after purchasing an additional 5,040 shares during the period. Costco Wholesale makes up 1.3% of Harvest Fund Management Co. Ltd’s holdings, making the stock its 17th largest position. Harvest Fund Management Co. Ltd’s holdings in Costco Wholesale were worth $34,688,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. FORA Capital LLC acquired a new position in shares of Costco Wholesale in the third quarter valued at about $2,781,000. World Investment Advisors grew its holdings in Costco Wholesale by 8.4% during the fourth quarter. World Investment Advisors now owns 20,081 shares of the retailer’s stock worth $15,835,000 after acquiring an additional 1,560 shares during the period. Teacher Retirement System of Texas grew its holdings in Costco Wholesale by 24.5% during the fourth quarter. Teacher Retirement System of Texas now owns 140,429 shares of the retailer’s stock worth $121,098,000 after acquiring an additional 27,625 shares during the period. Curtis Advisory Group LLC grew its holdings in Costco Wholesale by 56.7% during the fourth quarter. Curtis Advisory Group LLC now owns 4,535 shares of the retailer’s stock worth $3,911,000 after acquiring an additional 1,641 shares during the period. Finally, Mariner LLC grew its holdings in Costco Wholesale by 1.5% during the third quarter. Mariner LLC now owns 399,894 shares of the retailer’s stock worth $370,140,000 after acquiring an additional 5,937 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on COST shares. Oppenheimer raised their target price on Costco Wholesale from $1,100.00 to $1,160.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Sanford C. Bernstein raised their target price on Costco Wholesale from $1,192.00 to $1,194.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft raised their target price on Costco Wholesale from $1,104.00 to $1,106.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. BMO Capital Markets raised their target price on Costco Wholesale from $1,175.00 to $1,315.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Costco Wholesale in a report on Friday, February 20th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,060.41.

Costco Wholesale News Roundup

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

• Positive Sentiment: Costco’s May sales came in strong, with revenue up 14.5% year over year and robust comparable-sales growth, reinforcing the company’s momentum in membership-driven retail demand. Article Title
• Positive Sentiment: Analysts remain constructive on COST, with TD Cowen, UBS, William Blair, and DA Davidson maintaining bullish or supportive ratings and price targets that imply upside from current levels. Article Title
• Positive Sentiment: Costco is expanding higher-margin and traffic-driving initiatives, including exclusive products like Ghost beverages, stronger wellness/self-care sales, and faster same-day delivery and online engagement. Article Title
• Positive Sentiment: The company’s gasoline strategy is also boosting store visits, as record fuel volumes and lower-priced gas continue to draw members into warehouses and support overall traffic. Article Title

Costco Wholesale Stock Up 1.1%

NASDAQ COST opened at $972.59 on Friday. Costco Wholesale Corporation has a twelve month low of $844.06 and a twelve month 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 stock has a market cap of $431.49 billion, a PE ratio of 48.92, a PEG ratio of 4.66 and a beta of 0.88. The firm has a 50-day simple moving average of $1,006.77 and a 200 day simple moving average of $963.93.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.94 by ($0.01). Costco Wholesale had a return on equity of 28.72% and a net margin of 3.01%.The business had revenue of $70.53 billion during the quarter, compared to analyst estimates of $70.12 billion. During the same period last year, the company earned $4.28 EPS. On average, research analysts forecast that Costco Wholesale Corporation will post 20.38 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 0.6%. 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 dividend payout ratio (DPR) is currently 29.58%.

Insider Buying and Selling at Costco Wholesale

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 transaction of $732,204.60. Following the completion of the sale, the executive vice president 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 filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

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.