Mitsubishi UFJ Asset Management Co. Ltd. Has $1.09 Billion Position in Costco Wholesale Corporation $COST

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 7.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,160,998 shares of the retailer’s stock after buying an additional 83,049 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.26% of Costco Wholesale worth $1,086,034,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in COST. OneDigital Investment Advisors LLC raised its holdings in Costco Wholesale by 10.3% in the 2nd quarter. OneDigital Investment Advisors LLC now owns 17,593 shares of the retailer’s stock valued at $16,457,000 after acquiring an additional 1,648 shares in the last quarter. Plato Investment Management Ltd bought a new stake in shares of Costco Wholesale in the 2nd quarter worth approximately $11,666,000. Bell Investment Advisors Inc grew its holdings in shares of Costco Wholesale by 15.4% during the 2nd quarter. Bell Investment Advisors Inc now owns 539 shares of the retailer’s stock worth $504,000 after purchasing an additional 72 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Costco Wholesale by 16.3% during the 2nd quarter. Hexagon Capital Partners LLC now owns 472 shares of the retailer’s stock worth $441,000 after purchasing an additional 66 shares in the last quarter. Finally, Prospect Financial Group LLC increased its position in shares of Costco Wholesale by 8.1% during the second quarter. Prospect Financial Group LLC now owns 253 shares of the retailer’s stock valued at $237,000 after purchasing an additional 19 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Costco Wholesale

In other news, Director Kenneth D. Denman sold 885 shares of the business’s 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 sale, the director owned 4,779 shares in the company, valued at approximately $4,575,653.55. The trade was a 15.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Mizuho set a $1,100.00 target price on Costco Wholesale in a research note on Monday, June 1st. TD Cowen reiterated a “buy” rating and set a $1,175.00 price target on shares of Costco Wholesale in a research note on Wednesday, June 3rd. Bank of America boosted their price target on shares of Costco Wholesale from $1,185.00 to $1,200.00 and gave the company a “buy” rating in a report on Friday, May 29th. UBS Group increased their price objective on shares of Costco Wholesale from $1,205.00 to $1,275.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings downgraded shares of Costco Wholesale from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Twenty-two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,059.53.

Trending Headlines about Costco Wholesale

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

Costco Wholesale stock opened at $945.47 on Friday. The business has a 50 day simple moving average of $945.80 and a 200 day simple moving average of $979.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.61. The company has a market capitalization of $419.30 billion, a PE ratio of 47.56, a price-to-earnings-growth ratio of 4.45 and a beta of 0.87. Costco Wholesale Corporation has a one year low of $844.06 and a one year high of $1,096.50.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. The company had revenue of $70.53 billion during the quarter, compared to the consensus estimate of $70.12 billion. During the same quarter last year, the company earned $4.28 earnings per share. On average, sell-side analysts forecast that Costco Wholesale Corporation will post 20.42 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.58%.

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.