Summitry LLC Boosts Stake in Costco Wholesale Corporation $COST

Summitry LLC increased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 233.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,588 shares of the retailer’s stock after acquiring an additional 1,112 shares during the quarter. Summitry LLC’s holdings in Costco Wholesale were worth $1,582,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Diamant Asset Management Inc. lifted its stake in Costco Wholesale by 99,278.0% in the 1st quarter. Diamant Asset Management Inc. now owns 6,726,899 shares of the retailer’s stock worth $672,690,000 after purchasing an additional 6,720,130 shares in the last quarter. Norges Bank purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $5,195,415,000. Corient Private Wealth LLC grew its position in shares of Costco Wholesale by 838.9% in the fourth quarter. Corient Private Wealth LLC now owns 6,125,405 shares of the retailer’s stock valued at $5,282,182,000 after purchasing an additional 5,472,968 shares in the last quarter. Cardano Risk Management B.V. increased its holdings in shares of Costco Wholesale by 907.1% in the fourth quarter. Cardano Risk Management B.V. now owns 1,785,080 shares of the retailer’s stock valued at $1,539,346,000 after purchasing an additional 1,607,833 shares during the last quarter. Finally, Amundi increased its holdings in shares of Costco Wholesale by 45.0% in the third quarter. Amundi now owns 3,176,606 shares of the retailer’s stock valued at $2,893,697,000 after purchasing an additional 986,182 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ:COST opened at $951.89 on Friday. Costco Wholesale Corporation has a 52 week low of $844.06 and a 52 week high of $1,096.50. 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 capitalization of $422.14 billion, a P/E ratio of 47.88, a P/E/G ratio of 4.61 and a beta of 0.88. The stock’s fifty day moving average is $955.42 and its two-hundred day moving average is $982.10.

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

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be paid a dividend of $1.47 per share. 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 dividend payout ratio (DPR) is 29.58%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on COST shares. Roth Capital boosted their price objective on Costco Wholesale from $769.00 to $781.00 and gave the stock a “sell” rating in a research note on Friday, May 29th. 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 research note on Friday, May 29th. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale in a report on Monday, June 1st. Truist Financial boosted their price target on shares of Costco Wholesale from $977.00 to $1,011.00 and gave the company a “hold” rating in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Costco Wholesale from $1,110.00 to $1,100.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Twenty-two investment 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,059.07.

Costco Wholesale News Roundup

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

• Positive Sentiment: Analysts and financial publications continue to highlight Costco’s strong momentum, durable membership model, consistent profit growth and long-term shareholder returns. One analysis suggests the retailer could eventually pursue trillion-dollar-company status if it sustains warehouse expansion, membership growth and operating execution. Why Costco Is a Strong Momentum Stock
• Positive Sentiment: Costco’s reported experiment with expanding or changing gasoline sales could create another source of traffic, member engagement and revenue over time, although the financial impact remains uncertain. Costco Gasoline Sales Experiment
• Positive Sentiment: New product partnerships and continued customer interest—including expanded beverage distribution and popular food offerings—reinforce Costco’s ability to attract shoppers and support sales, though these developments are not expected to materially change near-term earnings. Coco5 Costco Partnership

Insiders Place Their Bets

In other Costco Wholesale news, Director Kenneth D. Denman sold 885 shares of Costco Wholesale stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total transaction of $847,343.25. Following the completion of the sale, the director directly owned 4,779 shares in the company, valued at $4,575,653.55. This trade represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Costco Wholesale Company 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.