Destination Wealth Management Has $63.76 Million Stock Position in Costco Wholesale Corporation $COST

Destination Wealth Management raised its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 3.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 73,939 shares of the retailer’s stock after buying an additional 2,363 shares during the quarter. Costco Wholesale accounts for about 1.7% of Destination Wealth Management’s investment portfolio, making the stock its 20th largest position. Destination Wealth Management’s holdings in Costco Wholesale were worth $63,760,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Entropy Technologies LP grew its holdings in Costco Wholesale by 158.6% in the 4th quarter. Entropy Technologies LP now owns 15,798 shares of the retailer’s stock valued at $13,623,000 after buying an additional 9,688 shares during the last quarter. Evelyn Partners Investment Management Europe Ltd grew its holdings in Costco Wholesale by 12.8% in the 4th quarter. Evelyn Partners Investment Management Europe Ltd now owns 1,922 shares of the retailer’s stock valued at $1,657,000 after buying an additional 218 shares during the last quarter. Evelyn Partners Investment Management LLP grew its holdings in Costco Wholesale by 5.7% in the 4th quarter. Evelyn Partners Investment Management LLP now owns 10,924 shares of the retailer’s stock valued at $9,420,000 after buying an additional 592 shares during the last quarter. Arkos Global Advisors grew its holdings in Costco Wholesale by 11.2% in the 4th quarter. Arkos Global Advisors now owns 885 shares of the retailer’s stock valued at $763,000 after buying an additional 89 shares during the last quarter. Finally, Avid Wealth Partners LLC grew its holdings in Costco Wholesale by 16.7% in the 4th quarter. Avid Wealth Partners LLC now owns 335 shares of the retailer’s stock valued at $289,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale News Summary

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

• Positive Sentiment: Erste Group Bank lifted its FY2026 and FY2027 earnings forecasts for Costco, signaling expectations for stronger profitability ahead.
• Positive Sentiment: Commentary in 24/7 Wall St. emphasized Costco’s membership-fee model as a resilient source of recurring revenue that can support long-term earnings growth.
• Positive Sentiment: Barchart coverage noted Costco as one of the retail names rewarding shareholders with a higher dividend, reinforcing the company’s capital-return appeal.
• Neutral Sentiment: Coverage that Costco offers shopping without a membership in limited cases is mainly informational and not likely to materially affect the stock.
• Neutral Sentiment: The Iowa court decision involving a former Costco manager appears to be a legal headline with limited direct impact on the company’s overall financial outlook.
• Negative Sentiment: Bloomberg reported rising plastic input costs may lead to higher prices for consumer goods later this year, which could add inflation pressure to Costco’s retail environment and potentially squeeze margins or demand.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $982.35 on Friday. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,096.50. The firm has a market capitalization of $435.65 billion, a PE ratio of 49.41, a PEG ratio of 4.76 and a beta of 0.88. The business’s 50 day moving average is $1,005.34 and its 200-day moving average is $966.74. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 EPS for the quarter, missing the consensus estimate of $4.94 by ($0.01). The company had revenue of $70.53 billion during the quarter, compared to analyst estimates of $70.12 billion. Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. During the same period in the prior year, the firm earned $4.28 EPS. Sell-side analysts predict that Costco Wholesale Corporation will post 20.38 earnings per share for the current year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $1.47 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $5.88 annualized dividend and a yield of 0.6%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.30. Costco Wholesale’s payout ratio is presently 29.58%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on COST shares. DA Davidson reaffirmed a “neutral” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a report on Thursday, June 4th. BTIG Research reissued a “buy” rating and set a $1,125.00 price objective on shares of Costco Wholesale in a report on Friday, May 29th. HC Wainwright reissued a “buy” rating on shares of Costco Wholesale in a report on Monday, June 1st. Evercore set a $1,100.00 price objective on Costco Wholesale in a report on Monday, March 2nd. Finally, BMO Capital Markets lifted their price objective 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. 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 company. Based on data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $1,060.41.

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.