Modus Advisors LLC Increases Holdings in Costco Wholesale Corporation $COST

Modus Advisors LLC grew its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 67.4% in the 4th quarter, HoldingsChannel reports. The firm owned 3,568 shares of the retailer’s stock after acquiring an additional 1,436 shares during the quarter. Modus Advisors LLC’s holdings in Costco Wholesale were worth $3,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Comprehensive Financial Planning Inc. PA grew its stake in shares of Costco Wholesale by 3.3% during the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 2,334 shares of the retailer’s stock worth $2,013,000 after acquiring an additional 75 shares during the period. DB&C Advisors LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth $2,677,000. Provident Co of the Employees of the Hebrew University LTD grew its stake in shares of Costco Wholesale by 41.5% during the 4th quarter. Provident Co of the Employees of the Hebrew University LTD now owns 2,049 shares of the retailer’s stock worth $1,767,000 after acquiring an additional 601 shares during the period. Greykasell Wealth Strategies Inc. grew its stake in shares of Costco Wholesale by 0.7% during the 4th quarter. Greykasell Wealth Strategies Inc. now owns 2,465 shares of the retailer’s stock worth $2,126,000 after acquiring an additional 18 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. grew its stake in shares of Costco Wholesale by 3.2% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 573 shares of the retailer’s stock worth $494,000 after acquiring an additional 18 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Key Costco Wholesale News

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

• Positive Sentiment: Costco posted another strong month, with May net sales up 14.5% year over year to $24.01 billion and comparable sales still running at a healthy pace, reinforcing the view that traffic and spending trends remain solid. Costco Wholesale Corporation Reports May Sales Results
• Positive Sentiment: Analysts continued to point to Costco’s defensive fundamentals, strong U.S. comparable sales, fuel-driven traffic, and growing digital business as reasons for optimism on the stock. Costco Stock (COST) Keeps Wall Street Split despite Accelerating Sales
• Positive Sentiment: Costco’s ability to hold up during the broader market sell-off underscored its reputation as a defensive retailer, which may have helped support investor interest. Why Costco Stock Held Steady During Friday’s Market Sell-Off
• Neutral Sentiment: Several articles framed Costco as a high-quality long-term compounder, but also emphasized that its premium valuation leaves less room for error if growth slows. Costco stock price shocks market despite major blowout quarter
• Neutral Sentiment: Costco’s valuation remains a debate point on Wall Street, with some analysts maintaining Buy ratings and high price targets while others argue the stock already reflects much of the good news. Costco: Robust Comps and Reaccelerating Digital Sales Support Buy Rating, Price Target Reaffirmed at $1275
• Negative Sentiment: One recent note argued that Costco’s strong quarter was not enough to offset valuation worries, suggesting investors may be hesitant to pay up after the recent sales-driven rally. Costco’s Strong Quarter Still Leaves Investors with a Valuation Problem

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 730 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $1,003.02, for a total value of $732,204.60. Following the sale, the executive vice president owned 6,121 shares of the company’s stock, valued at $6,139,485.42. This trade represents a 10.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Rothschild & Co Redburn increased their price target on Costco Wholesale from $890.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. The Goldman Sachs Group increased their price target on Costco Wholesale from $1,088.00 to $1,159.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. UBS Group increased their price target on Costco Wholesale from $1,205.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. BMO Capital Markets increased their price target on Costco Wholesale from $1,175.00 to $1,315.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Finally, Daiwa Securities Group increased their price target on Costco Wholesale from $917.00 to $975.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,060.41.

Costco Wholesale Stock Down 0.0%

Shares of NASDAQ COST opened at $971.87 on Friday. 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 $1,006.71 and a two-hundred day simple moving average of $963.99. The company has a quick ratio of 0.59, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. The company has a market cap of $431.00 billion, a P/E ratio of 48.89, a P/E/G ratio of 4.71 and a beta of 0.88.

Costco Wholesale (NASDAQ:COST) last issued its 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). Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.The company had revenue of $70.53 billion during the quarter, compared to the consensus estimate of $70.12 billion. During the same quarter in the prior year, the business earned $4.28 EPS. Research analysts anticipate that Costco Wholesale Corporation will post 20.38 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, May 1st. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.30. Costco Wholesale’s payout ratio is 29.58%.

Costco Wholesale 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.