Thoroughbred Financial Services LLC Has $7.53 Million Stock Holdings in Costco Wholesale Corporation $COST

Thoroughbred Financial Services LLC decreased its stake in Costco Wholesale Corporation (NASDAQ:COST) by 5.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,729 shares of the retailer’s stock after selling 547 shares during the period. Thoroughbred Financial Services LLC’s holdings in Costco Wholesale were worth $7,527,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Brown Wealth Management LLC lifted its stake in Costco Wholesale by 3.7% in the third quarter. Brown Wealth Management LLC now owns 305 shares of the retailer’s stock valued at $282,000 after buying an additional 11 shares during the period. Caliber Wealth Management LLC KS lifted its stake in Costco Wholesale by 1.7% in the third quarter. Caliber Wealth Management LLC KS now owns 655 shares of the retailer’s stock valued at $606,000 after buying an additional 11 shares during the period. Somerset Group LLC lifted its stake in Costco Wholesale by 0.3% in the third quarter. Somerset Group LLC now owns 4,220 shares of the retailer’s stock valued at $3,906,000 after buying an additional 11 shares during the period. Hughes Financial Services LLC increased its holdings in shares of Costco Wholesale by 4.3% in the third quarter. Hughes Financial Services LLC now owns 268 shares of the retailer’s stock worth $245,000 after acquiring an additional 11 shares in the last quarter. Finally, Bank & Trust Co increased its holdings in shares of Costco Wholesale by 18.3% in the fourth quarter. Bank & Trust Co now owns 71 shares of the retailer’s stock worth $61,000 after acquiring an additional 11 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Key Costco Wholesale News

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

• Positive Sentiment: Wall Street remains generally constructive on Costco ahead of earnings, with analysts expecting another solid quarter, forecast changes pointing to continued revenue and EPS growth, and a history of beating estimates in most recent quarters. Article Title
• Positive Sentiment: Recent commentary highlighted Costco’s defensive appeal, strong digital engagement, and robust executive membership trends, which support the view that the business is still growing despite a tougher consumer backdrop. Article Title
• Positive Sentiment: Higher gas prices may be helping traffic and memberships at Costco, reinforcing the bull case that the company can continue to benefit from value-focused shopping behavior. Article Title
• Neutral Sentiment: Multiple previews say investors are closely watching Costco’s earnings and consumer demand trends, making this more of a wait-and-see setup than a catalyst from a single headline. Article Title
• Neutral Sentiment: Costco is being compared with the broader market and with rivals like Sam’s Club, but the competitive-news angle is not yet a direct fundamental hit to COST. Article Title
• Negative Sentiment: Shares have been slipping ahead of the report as investors de-risk into earnings, with the stock also facing valuation pressure after a strong run. Article Title
• Negative Sentiment: A federal jury ruling in a disability discrimination case adds a small legal overhang and keeps compliance risk in focus, even if the financial impact appears limited. Article Title

Insider Buying and Selling

In related news, EVP Claudine Adamo sold 730 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $1,003.02, for a total transaction of $732,204.60. Following the completion of the transaction, the executive vice president directly owned 6,121 shares of the company’s stock, valued at approximately $6,139,485.42. This represents a 10.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Costco Wholesale Stock Up 0.1%

NASDAQ:COST opened at $1,003.69 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.06. The company has a market cap of $445.29 billion, a PE ratio of 52.19, a PEG ratio of 4.93 and a beta of 0.92. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week high of $1,096.50. The stock has a 50-day simple moving average of $1,008.29 and a 200 day simple moving average of $962.02.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Wednesday, March 11th. The retailer reported $4.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.55 by $0.03. The business had revenue of $69.60 billion during the quarter, compared to the consensus estimate of $68.96 billion. Costco Wholesale had a return on equity of 28.57% and a net margin of 2.99%.Costco Wholesale’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $4.02 earnings per share. On average, sell-side analysts expect that Costco Wholesale Corporation will post 20.33 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a dividend of $1.47 per share. The ex-dividend date was Friday, May 1st. 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%. Costco Wholesale’s dividend payout ratio is 30.58%.

Wall Street Analysts Forecast Growth

COST has been the subject of several recent analyst reports. Truist Financial increased their price target on Costco Wholesale from $926.00 to $977.00 and gave the stock a “hold” rating in a report on Friday, March 6th. Sanford C. Bernstein restated an “outperform” rating and issued a $1,192.00 price target on shares of Costco Wholesale in a report on Tuesday, May 12th. BMO Capital Markets increased their price target on Costco Wholesale from $1,175.00 to $1,315.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Roth Mkm restated a “sell” rating on shares of Costco Wholesale in a report on Wednesday, February 4th. Finally, Raymond James Financial increased their price target on Costco Wholesale from $1,000.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Twenty-two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,052.60.

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.