Deuterium Capital Management LLC Buys New Holdings in Costco Wholesale Corporation $COST

Deuterium Capital Management LLC bought a new stake in Costco Wholesale Corporation (NASDAQ:COST) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,050 shares of the retailer’s stock, valued at approximately $3,492,000. Costco Wholesale comprises 5.1% of Deuterium Capital Management LLC’s investment portfolio, making the stock its 8th largest position.

Several other hedge funds have also bought and sold shares of COST. Brighton Jones LLC raised its holdings in Costco Wholesale by 12.3% in the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after acquiring an additional 2,172 shares during the period. Revolve Wealth Partners LLC raised its holdings in Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after acquiring an additional 130 shares during the period. Sivia Capital Partners LLC raised its holdings in Costco Wholesale by 4.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,853 shares of the retailer’s stock valued at $3,814,000 after acquiring an additional 165 shares during the period. Pinnacle Wealth Planning Services Inc. raised its holdings in Costco Wholesale by 1.1% in the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,110 shares of the retailer’s stock valued at $2,089,000 after acquiring an additional 23 shares during the period. Finally, Schnieders Capital Management LLC. raised its holdings in Costco Wholesale by 2.2% in the 2nd quarter. Schnieders Capital Management LLC. now owns 8,502 shares of the retailer’s stock valued at $8,416,000 after acquiring an additional 182 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

NASDAQ COST opened at $946.11 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $419.74 billion, a price-to-earnings ratio of 47.59, a P/E/G ratio of 4.70 and a beta of 0.88. The firm’s 50 day simple moving average is $1,007.23 and its 200 day simple moving average is $963.04. 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 posted its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.94 by ($0.01). The firm had revenue of $70.53 billion for the quarter, compared to analyst estimates of $70.12 billion. Costco Wholesale had a return on equity of 28.72% and a net margin of 3.01%.During the same quarter in the prior year, the business posted $4.28 EPS. As a group, research analysts expect that Costco Wholesale Corporation will post 20.36 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. Investors of record on Friday, May 1st were given a dividend of $1.47 per share. The ex-dividend date was Friday, May 1st. This represents a $5.88 annualized dividend and a dividend yield of 0.6%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.30. Costco Wholesale’s dividend payout ratio (DPR) is 30.58%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on COST shares. Roth Mkm increased their price target on shares of Costco Wholesale from $769.00 to $781.00 and gave the company a “sell” rating in a report on Friday. Robert W. Baird set a $1,100.00 price target on shares of Costco Wholesale in a report on Thursday, February 5th. Jefferies Financial Group reissued a “buy” rating and issued a $1,050.00 price target on shares of Costco Wholesale in a report on Thursday, March 5th. Truist Financial increased their price target on shares of Costco Wholesale from $977.00 to $1,011.00 and gave the company a “hold” rating in a report on Friday. Finally, UBS Group increased their price target on shares of Costco Wholesale from $1,205.00 to $1,275.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Twenty-two equities research 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,056.32.

Key Costco Wholesale News

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

• Positive Sentiment: Costco’s Q3 comparable sales rose 9.8%, with adjusted comps up 6.6% on higher traffic and bigger baskets, showing healthy underlying demand. Is Costco’s 9.8% Comparable Sales Growth Stronger Than It Looks?
• Positive Sentiment: Analysts at Jefferies said Costco’s value strategy, membership growth, fuel business, and digital operations continue to support sales momentum after a strong fiscal third quarter. Costco’s value strategy, membership growth support outlook after strong quarter, says Jefferies
• Positive Sentiment: DA Davidson reiterated a bullish view, calling Costco a “best-of-breed” retailer with strong returns on equity and a $1,000 price target. Costco Wholesale Is A ‘Best-of-Breed Bison,’ Analyst Explains Why
• Neutral Sentiment: Some commentary notes that part of the sales growth was boosted by fuel and foreign exchange, suggesting the headline comp number may overstate the core business trend. Is Costco’s 9.8% Comparable Sales Growth Stronger Than It Looks?
• Neutral Sentiment: Several articles emphasize that despite strong revenue growth, the stock has not been able to build momentum, implying investors may already expect excellent results from Costco. Why Even 12% Revenue Growth in Q3 Wasn’t Enough to Give Costco’s Stock a Boost
• Negative Sentiment: Costco’s stock has been falling in the wake of earnings, with investors seemingly taking profits or worrying that membership growth is slowing relative to sales momentum. Why analysts are backing Costco despite its post-earnings slump

Insider Activity

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

Costco Wholesale 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.