Nykredit A S Purchases Shares of 138,974 Costco Wholesale Corporation $COST

Nykredit A S purchased a new position in Costco Wholesale Corporation (NASDAQ:COST) during the second quarter, HoldingsChannel.com reports. The fund purchased 138,974 shares of the retailer’s stock, valued at approximately $130,006,000.

A number of other hedge funds have also recently modified their holdings of the company. InTrack Investment Management Inc raised its stake in shares of Costco Wholesale by 26.0% during the second quarter. InTrack Investment Management Inc now owns 678 shares of the retailer’s stock valued at $634,000 after acquiring an additional 140 shares during the last quarter. Robbins Farley purchased a new stake in shares of Costco Wholesale during the second quarter worth about $4,335,000. B. Metzler seel. Sohn & Co. AG grew its stake in shares of Costco Wholesale by 8.1% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 32,886 shares of the retailer’s stock worth $30,764,000 after purchasing an additional 2,461 shares during the last quarter. PFG Private Wealth Management LLC grew its stake in shares of Costco Wholesale by 23.3% in the second quarter. PFG Private Wealth Management LLC now owns 582 shares of the retailer’s stock worth $544,000 after purchasing an additional 110 shares during the last quarter. Finally, Firestone Capital Management increased its holdings in Costco Wholesale by 2.7% during the 2nd quarter. Firestone Capital Management now owns 756 shares of the retailer’s stock valued at $708,000 after purchasing an additional 20 shares during the period. Hedge funds and other 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: Expansion supports long-term growth: Costco plans to open 14 warehouses across the United States and Canada before the end of 2026, including five in October and nine in November. New locations could increase membership, sales and recurring fee revenue. Costco set to expand with 14 new warehouses across US and Canada
• Positive Sentiment: A relocated Newport News warehouse is scheduled to open in November, providing additional capacity and potentially improving the customer experience in that market. Relocated Newport News Costco set to open in November
• Positive Sentiment: Freedom Broker upgraded COST to Buy, offering supportive analyst sentiment after the stock’s recent underperformance. Costco Wholesale Raised to Buy at Freedom Broker
• Positive Sentiment: Coverage highlights Costco’s efforts to improve shopping convenience and add seasonal merchandise, initiatives that may strengthen member loyalty and spending relative to Walmart and Amazon. Costco fixed the one thing members hated about shopping there
• Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day days-to-cover ratio, but the reported increase was listed as “NaN,” making the figures unreliable and unlikely to provide a meaningful trading signal.
• Neutral Sentiment: A profile of a well-paid Costco meat cutter underscores the company’s wages, benefits and employee retention, but has limited direct impact on near-term financial results. Costco employee discusses wages and career choice
• Negative Sentiment: Costco reportedly shut down its online Marketplace service, raising questions about e-commerce execution and the company’s ability to compete digitally. Costco abruptly shuts down Marketplace online service
• Negative Sentiment: Residents near the planned Lee’s Summit warehouse are concerned about traffic, potentially causing permitting, construction or community-relations friction. Residents concerned Costco’s new Lee’s Summit location will cause traffic issues
• Negative Sentiment: Some commentary argues Costco may have lost part of its competitive edge and questions whether the stock’s premium valuation is justified after recent underperformance. Cramer warns Costco may have lost its edge

Analysts Set New Price Targets

A number of research analysts have commented on COST shares. The Goldman Sachs Group upped their price target on Costco Wholesale from $1,088.00 to $1,159.00 and gave the company a “buy” rating in a research report on Friday, May 29th. UBS Group lifted their price objective on Costco Wholesale from $1,205.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Oppenheimer boosted their target price on Costco Wholesale from $1,100.00 to $1,160.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Bank of America upped their target price on Costco Wholesale from $1,185.00 to $1,200.00 and gave the company a “buy” rating in a report on Friday, May 29th. Finally, Sanford C. Bernstein set a $1,144.00 price target on Costco Wholesale in a research note on Friday, September 4th. 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,056.03.

Insider Activity at Costco Wholesale

In other news, Director Kenneth Denman sold 885 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total value of $847,343.25. Following the sale, the director directly owned 4,779 shares of the company’s stock, valued at $4,575,653.55. The trade was a 15.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Costco Wholesale Trading Down 0.0%

NASDAQ:COST opened at $902.38 on Friday. Costco Wholesale Corporation has a one year low of $844.06 and a one year high of $1,096.50. 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 company’s 50-day simple moving average is $941.02 and its 200 day simple moving average is $974.99. The firm has a market capitalization of $400.19 billion, a P/E ratio of 45.39, a PEG ratio of 3.76 and a beta of 0.86.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, July 24th. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.