Bank of America Corp DE Has $7.49 Billion Stock Holdings in Costco Wholesale Corporation $COST

Bank of America Corp DE grew its position in Costco Wholesale Corporation (NASDAQ:COST) by 11.5% during the first quarter, HoldingsChannel reports. The firm owned 7,515,031 shares of the retailer’s stock after buying an additional 773,651 shares during the quarter. Bank of America Corp DE’s holdings in Costco Wholesale were worth $7,488,203,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after purchasing an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Costco Wholesale by 13.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after purchasing an additional 130 shares during the period. Sivia Capital Partners LLC grew its holdings in Costco Wholesale by 4.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,853 shares of the retailer’s stock valued at $3,814,000 after buying an additional 165 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in Costco Wholesale by 1.1% in the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,110 shares of the retailer’s stock worth $2,089,000 after buying an additional 23 shares during the period. Finally, Schnieders Capital Management LLC. lifted its holdings in shares of Costco Wholesale by 2.2% during the second quarter. Schnieders Capital Management LLC. now owns 8,502 shares of the retailer’s stock worth $8,416,000 after buying an additional 182 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Costco Wholesale

In other news, Director Kenneth D. Denman sold 885 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total value of $847,343.25. Following the completion of the transaction, the director owned 4,779 shares in the company, valued at approximately $4,575,653.55. This represents a 15.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $974.03 on Thursday. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,096.50. The firm has a market capitalization of $431.96 billion, a PE ratio of 49.00, a PEG ratio of 4.67 and a beta of 0.88. The business’s 50 day moving average is $958.85 and its 200-day moving average is $982.10. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). The firm had revenue of $70.53 billion for the quarter, compared to the consensus estimate of $70.12 billion. Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. During the same quarter in the prior year, the firm posted $4.28 earnings per share. Sell-side analysts predict that Costco Wholesale Corporation will post 20.42 earnings per share for the current year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, July 24th. Costco Wholesale’s payout ratio is 29.58%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on COST. Roth Capital increased their price objective on Costco Wholesale from $769.00 to $781.00 and gave the company a “sell” rating in a research report on Friday, May 29th. TD Cowen reaffirmed a “buy” rating and set a $1,175.00 target price on shares of Costco Wholesale in a research report on Wednesday, June 3rd. Sanford C. Bernstein upped their target price on shares of Costco Wholesale from $1,192.00 to $1,194.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Wells Fargo & Company increased their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Finally, Royal Bank Of Canada assumed coverage on shares of Costco Wholesale in a research report on Monday, July 13th. They issued a “sector perform” rating and a $1,000.00 price target on the stock. Twenty-two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,059.07.

Trending Headlines about Costco Wholesale

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.