Everett Harris & Co. CA Reduces Position in Costco Wholesale Corporation $COST

Everett Harris & Co. CA trimmed its stake in Costco Wholesale Corporation (NASDAQ:COST) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 784,138 shares of the retailer’s stock after selling 3,332 shares during the quarter. Costco Wholesale accounts for 8.2% of Everett Harris & Co. CA’s portfolio, making the stock its 4th biggest holding. Everett Harris & Co. CA’s holdings in Costco Wholesale were worth $676,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in COST. Norges Bank bought a new stake in Costco Wholesale in the fourth quarter worth $5,195,415,000. Assenagon Asset Management S.A. boosted its holdings in Costco Wholesale by 1,586.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,137,436 shares of the retailer’s stock worth $980,857,000 after acquiring an additional 1,070,005 shares in the last quarter. Amundi boosted its holdings in Costco Wholesale by 45.0% in the third quarter. Amundi now owns 3,176,606 shares of the retailer’s stock worth $2,893,697,000 after acquiring an additional 986,182 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Costco Wholesale by 182.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 536,059 shares of the retailer’s stock worth $462,265,000 after acquiring an additional 346,208 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its position in shares of Costco Wholesale by 112.2% during the third quarter. Voloridge Investment Management LLC now owns 477,425 shares of the retailer’s stock valued at $441,919,000 after acquiring an additional 252,453 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Up 0.3%

NASDAQ:COST opened at $974.75 on Tuesday. 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 Corporation has a 12 month low of $844.06 and a 12 month high of $1,096.50. The company has a market cap of $432.28 billion, a PE ratio of 49.03, a price-to-earnings-growth ratio of 4.71 and a beta of 0.88. The company has a 50 day simple moving average of $1,006.61 and a two-hundred day simple moving average of $964.91.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, May 28th. The retailer reported $4.93 EPS for the quarter, missing analysts’ consensus estimates 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 period last year, the firm posted $4.28 EPS. Research analysts forecast that Costco Wholesale Corporation will post 20.38 earnings per share for the current year.

Costco Wholesale Increases Dividend

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

Analyst Ratings Changes

COST has been the subject of several analyst reports. BTIG Research reissued a “buy” rating and set a $1,125.00 price target on shares of Costco Wholesale in a research report on Friday, May 29th. Sanford C. Bernstein raised their price target on shares of Costco Wholesale from $1,192.00 to $1,194.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. TD Cowen reissued a “buy” rating and set a $1,175.00 price target on shares of Costco Wholesale in a research report on Wednesday, June 3rd. Truist Financial raised 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, BMO Capital Markets raised their price target on shares of Costco Wholesale from $1,175.00 to $1,315.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,060.41.

Costco Wholesale News Roundup

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

• Positive Sentiment: Costco lowered prices on several Kirkland Signature/private-label items, including food, home goods, and sports equipment, signaling a continued focus on member value and traffic retention. Costco lowers prices on four private-label products across food, home goods and sports equipment aisles
• Positive Sentiment: Reports say Costco is cutting prices on popular Kirkland items, which could strengthen its value image versus competitors and help keep members shopping more often. Why Costco Just Voluntarily Lowered Prices on These Popular Kirkland Items
• Positive Sentiment: Costco’s digital business showed strong momentum, with digital comps up sharply and app traffic rising, suggesting a bigger opportunity for online sales and personalization-driven growth. Costco’s Lowered Prices Show Why Shoppers Keep Returning
• Positive Sentiment: Analysts highlighted Costco’s digital surge as a sign the retailer may be becoming an even stronger omnichannel winner. Costco Leans On Kirkland Price Cuts To Support Growth Narrative
• Neutral Sentiment: Several lifestyle and shopping guides featured Costco products for summer and Fourth of July hosting, which adds visibility but is unlikely to materially move the stock. 9 Costco finds to host the best Fourth of July BBQ ever
• Neutral Sentiment: Commentary about CEO Ron Vachris’s rise from the warehouse floor is largely narrative-driven and does not appear to change the near-term outlook. Costco CEO Ron Vachris rose from the warehouse floor to the corner office without a college degree—and he says it’s thanks to not job hopping
• Negative Sentiment: One article noted Costco’s stock has been falling in recent weeks and is still below recent highs, reflecting some investor caution despite the operational positives. Should You Buy Costco Wholesale Stock While It’s Below $1,000?
• Negative Sentiment: Broader consumer commentary about $4 gas and inflation pressure could weigh on discretionary spending and keep investors cautious about margins and demand trends. Consumers look resilient on the surface, but $4 gas was a tipping point and Costco members are filling up more often in case prices go even higher

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.