Abound Financial LLC Invests $466,000 in Costco Wholesale Corporation $COST

Abound Financial LLC acquired a new position in Costco Wholesale Corporation (NASDAQ:COST) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 540 shares of the retailer’s stock, valued at approximately $466,000.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Costco Wholesale by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 43,620,717 shares of the retailer’s stock worth $37,615,889,000 after acquiring an additional 165,349 shares during the period. Geode Capital Management LLC grew its holdings in Costco Wholesale by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 10,388,519 shares of the retailer’s stock worth $8,919,573,000 after acquiring an additional 26,690 shares during the period. Morgan Stanley grew its holdings in Costco Wholesale by 1.1% during the fourth quarter. Morgan Stanley now owns 9,523,423 shares of the retailer’s stock worth $8,212,433,000 after acquiring an additional 107,775 shares during the period. Norges Bank acquired a new stake in Costco Wholesale during the fourth quarter worth about $5,195,415,000. Finally, Capital World Investors grew its holdings in Costco Wholesale by 2.0% during the fourth quarter. Capital World Investors now owns 3,937,286 shares of the retailer’s stock worth $3,395,301,000 after acquiring an additional 77,650 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $979.45 on Tuesday. 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 business’s 50 day moving average price is $1,004.63 and its 200-day moving average price is $967.91. The firm has a market capitalization of $434.37 billion, a PE ratio of 49.27, a P/E/G ratio of 4.76 and a beta of 0.88. Costco Wholesale Corporation has a 1 year low of $844.06 and a 1 year high of $1,096.50.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). The firm had revenue of $70.53 billion during the quarter, compared to analyst estimates of $70.12 billion. Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.During the same period in the prior year, the firm earned $4.28 earnings per share. As a group, equities research analysts expect that Costco Wholesale Corporation will post 20.38 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

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

Key Headlines Impacting Costco Wholesale

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

• Positive Sentiment: Costco’s record gasoline sales are supporting member traffic and loyalty, while elevated fuel prices and value-seeking shoppers may help drive in-store and ancillary spending. Costco Leans On Gasoline, E Commerce And Wellness To Deepen Member Value
• Positive Sentiment: Analysts and market commentators continue to highlight Costco as a long-term growth story, pointing to accelerating comparable sales, strong cash generation, and growing credit for its digital business. Why Costco (COST) is a Top Growth Stock for the Long-Term
• Positive Sentiment: Coverage also notes that digitally enabled sales are outpacing the core warehouse business, reinforcing the view that Costco’s online and omnichannel strategy is becoming a more important growth engine. Costco Wholesale Corporation (COST) Shows How Digitally Enabled Sales Are Outrunning Its Core Business
• Neutral Sentiment: Recent articles suggesting Costco could approach $1,100 by 2027 may support a bullish valuation narrative, but they are largely speculative and depend on continued execution. Can Costco Stock Break $1,100 by 2027?
• Negative Sentiment: Despite strong sales trends, some investors remain cautious about Costco’s premium valuation, and recent commentary notes that the stock has seen volatility as the market reassesses how much growth is already priced in. Costco Wholesale (COST) Stock Valuation After Strong May Sales And Growing Digital And Gas Volumes

Wall Street Analysts Forecast Growth

Several analysts recently commented on COST shares. Mizuho set a $1,100.00 target price on Costco Wholesale in a report on Monday, June 1st. UBS Group raised their target price on Costco Wholesale from $1,205.00 to $1,275.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Wells Fargo & Company raised their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. Truist Financial raised their target price on Costco Wholesale from $977.00 to $1,011.00 and gave the stock a “hold” rating in a report on Friday, May 29th. Finally, Roth Mkm raised their target price on Costco Wholesale from $769.00 to $781.00 and gave the stock a “sell” rating in a report on Friday, May 29th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,060.41.

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.