Jackson Wealth Management LLC Sells 12,975 Shares of Costco Wholesale Corporation $COST

Jackson Wealth Management LLC trimmed its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 90.6% during the second quarter, Holdings Channel.com reports. The fund owned 1,350 shares of the retailer’s stock after selling 12,975 shares during the quarter. Costco Wholesale comprises 0.7% of Jackson Wealth Management LLC’s portfolio, making the stock its 25th biggest holding. Jackson Wealth Management LLC’s holdings in Costco Wholesale were worth $1,263,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. C M Bidwell & Associates Ltd. purchased a new stake in shares of Costco Wholesale during the second quarter valued at approximately $28,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at $27,000. Burk Holdings LLC bought a new stake in shares of Costco Wholesale during the 2nd quarter worth $30,000. Manning & Napier Advisors LLC bought a new stake in shares of Costco Wholesale during the 2nd quarter worth $30,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of Costco Wholesale in the 4th quarter worth about $28,000. Institutional investors own 68.48% of the company’s stock.

Trending Headlines about Costco Wholesale

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

• Positive Sentiment: Analyst upgrade and expansion support the growth outlook. Freedom Broker upgraded Costco from “hold” to “buy” and assigned a $1,030 price target, implying meaningful upside. Separately, Costco plans to open 14 warehouses in the U.S. and Canada before year-end, which could expand membership, sales and long-term earnings. Freedom Broker upgrade and Costco expansion reports Costco warehouse expansion article
• Positive Sentiment: Seasonal merchandising remains a membership benefit. Costco is adding a popular seasonal item to its lineup, reinforcing its strategy of offering limited-time and value-oriented products that can drive store traffic and encourage member purchases. Costco seasonal merchandise article
• Neutral Sentiment: Labor practices highlight Costco’s employee-retention advantage. A report about a meat cutter earning $32 per hour with benefits and job security underscores Costco’s reputation for relatively strong employee compensation. That may support service quality and retention, although higher labor costs could pressure margins over time. Costco employee compensation article
• Neutral Sentiment: Return-product resale operations provide limited incremental value. Reports that Costco sends some returned merchandise to liquidation auctions reveal a secondary channel for recovering value, but the financial impact appears too small to materially change the investment case. Costco returns and liquidation article
• Negative Sentiment: Costco reportedly shut down an online marketplace service. The abrupt closure raises questions about e-commerce execution and could disappoint investors seeking faster digital growth, even if the move ultimately reflects strategic streamlining. Costco online marketplace closure article
• Negative Sentiment: Valuation and competitive concerns are weighing on sentiment. Commentary questioning whether Costco has lost some of its competitive edge, along with comparisons to lower-priced dollar stores, adds pressure to an already expensive stock. The recent underperformance makes investors less willing to pay a premium multiple without stronger growth. Costco competitive edge commentary

Insider Buying and Selling at Costco Wholesale

In other news, Director Kenneth Denman sold 885 shares of the company’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 transaction, the director owned 4,779 shares of the company’s stock, valued at approximately $4,575,653.55. This represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on COST shares. Royal Bank Of Canada began 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 objective on the stock. DA Davidson reaffirmed a “neutral” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a report on Thursday, September 3rd. HC Wainwright reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Monday, June 1st. Bank of America lifted their price objective on Costco Wholesale from $1,185.00 to $1,200.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, TD Cowen reissued a “buy” rating and issued a $1,175.00 price target on shares of Costco Wholesale in a research report on Wednesday, June 3rd. Twenty-two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,056.03.

Costco Wholesale Stock Down 0.8%

Shares of NASDAQ COST opened at $902.60 on Thursday. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. The company has a market cap of $400.29 billion, a P/E ratio of 45.40, a P/E/G ratio of 3.79 and a beta of 0.86. Costco Wholesale Corporation has a 52 week low of $844.06 and a 52 week high of $1,096.50. The business has a 50-day simple moving average of $942.01 and a two-hundred day simple moving average of $975.58.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, July 24th. Costco Wholesale’s payout ratio is 29.58%.

Costco Wholesale Company Profile

Costco Wholesale Corporation operates membership-based warehouse clubs that offer a broad selection of merchandise at generally competitive prices. Its product range includes groceries, fresh foods, apparel, appliances, electronics, furniture, jewelry, hardware, and seasonal goods, along with private-label products sold under the Kirkland Signature brand.

The company also provides a variety of ancillary services, including gasoline stations, pharmacies, optical centers, hearing-aid centers, food courts, tire centers, and travel services.