Joel Isaacson & Co. LLC Acquires 518 Shares of Costco Wholesale Corporation $COST

Joel Isaacson & Co. LLC increased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,655 shares of the retailer’s stock after purchasing an additional 518 shares during the period. Joel Isaacson & Co. LLC’s holdings in Costco Wholesale were worth $7,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. grew its position in Costco Wholesale by 107.7% during the 3rd quarter. Contravisory Investment Management Inc. now owns 27 shares of the retailer’s stock worth $25,000 after purchasing an additional 14 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at about $28,000. Burk Holdings LLC acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at about $30,000. Manning & Napier Advisors LLC acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at about $30,000. Finally, John Boyer Inc. purchased a new stake in shares of Costco Wholesale in the third quarter worth about $32,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP William Richard Wilcox sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $958.21, for a total value of $1,054,031.00. Following the sale, the executive vice president directly owned 3,094 shares of the company’s stock, valued at approximately $2,964,701.74. This trade represents a 26.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Claudine Adamo sold 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The shares were 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 owned 7,134 shares of the company’s stock, valued at $6,534,244.62. This trade represents a 23.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of a number of recent research reports. Bank of America lowered their target price on 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. Jefferies Financial Group reduced their price target on Costco Wholesale from $1,130.00 to $1,100.00 in a research report on Friday, September 25th. Sanford C. Bernstein boosted their price target on Costco Wholesale from $1,143.00 to $1,155.00 and gave the company an “outperform” rating in a report on Wednesday. Oppenheimer restated an “outperform” rating and issued a $1,160.00 price objective on shares of Costco Wholesale in a research report on Wednesday, September 16th. Finally, Robert W. Baird set a $1,175.00 price objective on shares of Costco Wholesale in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,092.23.

Costco Wholesale Trading Up 2.0%

Shares of Costco Wholesale stock opened at $1,087.61 on Thursday. The firm has a 50-day simple moving average of $960.23 and a two-hundred day simple moving average of $973.88. The company has a market cap of $481.95 billion, a P/E ratio of 52.39, a price-to-earnings-growth ratio of 4.71 and a beta of 0.85. Costco Wholesale Corporation has a fifty-two week low of $844.06 and a fifty-two week high of $1,096.50. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.62 and a current ratio of 1.06.

Costco Wholesale (NASDAQ:COST) last posted its 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 net margin of 3.04% and a return on equity of 27.60%. The business had revenue of $95.72 billion for the quarter, compared to analyst estimates of $94.97 billion. During the same period in the prior year, the company posted $5.87 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities analysts predict that Costco Wholesale Corporation will post 22.70 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Friday, December 4th. Investors of record on Tuesday, November 24th will be issued a $30.00 dividend. The ex-dividend date of this dividend is Tuesday, November 24th. Costco Wholesale’s dividend payout ratio is presently 28.32%.

Recent Costco Wholesale Headlines

Investors following COST have been watching these headlines:

• Positive Sentiment: Costco declared a $30-per-share special cash dividend, totaling about $13.3 billion, payable December 4 to shareholders of record November 24. The payout signals strong cash generation and may support investor demand, though it is a one-time distribution. Costco dividend and repurchase announcement
• Positive Sentiment: The board also reauthorized a $4 billion stock repurchase program, reinforcing Costco’s capital-return plans. Bernstein raised its price target to $1,155 from $1,143 and maintained an Outperform rating; Mizuho also raised its target following the announcements. Mizuho raises Costco price target
• Neutral Sentiment: Some analysts view Costco’s membership-based, value-focused business as relatively defensive amid uncertainty, which may appeal to investors seeking resilience. Costco as a defensive investment

Costco Wholesale Company Profile

Costco Wholesale Corporation operates membership-based warehouse clubs that offer a broad selection of merchandise at generally low prices. Its products include groceries, fresh foods, appliances, electronics, apparel, furniture, and household goods, as well as its Kirkland Signature private-label line. The company also provides services such as gasoline stations, pharmacies, optical and hearing-aid centers, food courts, and travel offerings. Costco serves members through warehouses and online channels.