954 Costco Wholesale Corporation $COST Shares Sold by Kelleher Financial Advisors

Kelleher Financial Advisors cut its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 61.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 586 shares of the retailer’s stock after selling 954 shares during the period. Kelleher Financial Advisors’ holdings in Costco Wholesale were worth $533,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sarasin & Partners LLP increased its stake in shares of Costco Wholesale by 6.9% in the 2nd quarter. Sarasin & Partners LLP now owns 214,194 shares of the retailer’s stock valued at $200,372,000 after buying an additional 13,795 shares during the period. Silvant Capital Management LLC bought a new stake in shares of Costco Wholesale during the second quarter worth $16,013,000. Nissay Asset Management Corp Japan raised its position in shares of Costco Wholesale by 4.1% during the second quarter. Nissay Asset Management Corp Japan now owns 158,416 shares of the retailer’s stock worth $148,193,000 after acquiring an additional 6,200 shares during the last quarter. Hyperion Asset Management Ltd lifted its stake in shares of Costco Wholesale by 9.0% during the second quarter. Hyperion Asset Management Ltd now owns 68,762 shares of the retailer’s stock valued at $64,325,000 after acquiring an additional 5,656 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of Costco Wholesale by 15.0% during the second quarter. Concurrent Investment Advisors LLC now owns 22,766 shares of the retailer’s stock valued at $21,297,000 after acquiring an additional 2,974 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on COST. Wells Fargo & Company decreased their price target on Costco Wholesale from $1,000.00 to $950.00 and set an “equal weight” rating on the stock in a report on Friday, September 25th. DA Davidson boosted their price objective on Costco Wholesale from $1,000.00 to $1,040.00 and gave the stock a “neutral” rating in a report on Friday, September 25th. Oppenheimer restated an “outperform” rating and set a $1,160.00 target price on shares of Costco Wholesale in a research report on Wednesday, September 16th. Bank of America reduced their target price on shares of Costco Wholesale from $1,200.00 to $1,095.00 and set a “buy” rating on the stock in a research note on Wednesday, September 16th. Finally, Mizuho lowered their price target on shares of Costco Wholesale from $1,100.00 to $1,065.00 and set an “outperform” rating for the company in a research report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,086.19.

More Costco Wholesale News

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

• Positive Sentiment: Costco reported October net sales of $24.50 billion, up 12.6% year over year. The solid growth supports the view that customer demand and the warehouse model remain healthy. Costco reports October sales results
• Neutral Sentiment: Costco’s defensive reputation and loyal membership base may appeal to investors seeking stability in uncertain markets, though this is not a new company-specific catalyst. Costco’s capital-preservation role
• Negative Sentiment: Recent commentary warns that COST’s valuation already reflects substantial optimism. With shares above $1,000 and a rich earnings multiple, the stock may be vulnerable if earnings growth does not justify expectations; the company’s healthcare initiatives have not removed that concern. Costco stock valuation and healthcare push

Costco Wholesale Stock Performance

COST stock opened at $1,046.47 on Thursday. The business’s fifty day moving average is $947.85 and its 200-day moving average is $971.54. The company has a quick ratio of 0.62, a current ratio of 1.06 and a debt-to-equity ratio of 0.11. The company has a market cap of $463.72 billion, a P/E ratio of 50.41, a price-to-earnings-growth ratio of 4.36 and a beta of 0.85. Costco Wholesale Corporation has a twelve month low of $844.06 and a twelve month high of $1,096.50.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 24th. The retailer reported $6.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.54 by $0.21. Costco Wholesale had a return on equity of 27.60% and a net margin of 3.04%. The business had revenue of $95.72 billion for the quarter, compared to analyst estimates of $94.97 billion. During the same period last year, the company earned $5.87 EPS. The firm’s revenue was up 11.1% on a year-over-year basis. Equities research analysts forecast that Costco Wholesale Corporation will post 22.70 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a dividend of $1.47 per share. The ex-dividend date is Friday, October 30th. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is 28.32%.

Insider Transactions at Costco Wholesale

In other news, EVP Claudine Adamo sold 2,200 shares of the company’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $915.93, for a total value of $2,015,046.00. Following the completion of the sale, the executive vice president directly owned 7,134 shares of the company’s stock, valued at $6,534,244.62. This represents a 23.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP William Richard Wilcox sold 1,100 shares of the stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $958.21, for a total transaction of $1,054,031.00. Following the completion of the sale, the executive vice president owned 3,094 shares in the company, valued at $2,964,701.74. This represents a 26.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by company insiders.

Costco Wholesale Profile

Costco Wholesale Corporation operates a membership-based warehouse retail business under the Costco name. The company sells merchandise in bulk and at competitive prices through warehouse clubs and e-commerce platforms, serving individual consumers, businesses and other organizations.

Its product selection includes groceries and fresh foods, household supplies, appliances, electronics, furniture, apparel, health and beauty products, jewelry, automotive products and prescription drugs. Costco also provides services such as optical care, pharmacy services, hearing-aid sales, travel offerings and fuel sales, depending on location.

The company traces its roots to Price Club, which opened in San Diego in 1976.