Costco Wholesale Corporation $COST Shares Bought by Nvest Financial LLC

Nvest Financial LLC boosted its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 37.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,331 shares of the retailer’s stock after acquiring an additional 899 shares during the quarter. Costco Wholesale comprises 1.2% of Nvest Financial LLC’s investment portfolio, making the stock its 23rd biggest holding. Nvest Financial LLC’s holdings in Costco Wholesale were worth $2,872,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Caliber Wealth Management LLC KS increased its stake in Costco Wholesale by 1.7% in the 3rd 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 shares of Costco Wholesale by 0.3% in the 3rd quarter. Somerset Group LLC now owns 4,220 shares of the retailer’s stock worth $3,906,000 after acquiring an additional 11 shares during the period. Hughes Financial Services LLC lifted its stake in shares of Costco Wholesale by 4.3% in the 3rd quarter. Hughes Financial Services LLC now owns 268 shares of the retailer’s stock worth $245,000 after acquiring an additional 11 shares during the period. Bank & Trust Co boosted 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 valued at $61,000 after acquiring an additional 11 shares in the last quarter. Finally, LongView Wealth Management increased its stake in shares of Costco Wholesale by 1.1% during the fourth quarter. LongView Wealth Management now owns 1,025 shares of the retailer’s stock worth $966,000 after acquiring an additional 11 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Claudine Adamo sold 730 shares of Costco Wholesale 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 in the company, valued at $6,139,485.42. The trade was a 10.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Jefferies Financial Group restated a “buy” rating and issued a $1,050.00 price objective on shares of Costco Wholesale in a research report on Thursday, March 5th. Oppenheimer boosted their target price on Costco Wholesale from $1,100.00 to $1,160.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Daiwa Securities Group raised their price target on Costco Wholesale from $917.00 to $975.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft lifted their price target on Costco Wholesale from $1,104.00 to $1,106.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Roth Mkm upped their price objective on Costco Wholesale from $769.00 to $781.00 and gave the stock a “sell” rating in a report on Friday, May 29th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,060.41.

Key Costco Wholesale News

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

• Positive Sentiment: Costco reported robust May sales growth, with net sales up 14.5% year over year and strong comparable sales across key geographies, signaling healthy demand and execution. Costco Wholesale Corporation Reports May Sales Results
• Positive Sentiment: Analysts remained constructive, with TD Cowen reaffirming a Buy rating and lifting its price target to $1,175, suggesting more upside if Costco keeps delivering on sales and memberships. Benzinga coverage of TD Cowen rating
• Positive Sentiment: Articles highlighted Costco’s accelerating growth drivers, including stronger digital demand, membership income, and traffic, which support the long-term bullish case for the stock. 3 Compelling Costco Growth Drivers You Might Not Know About
• Positive Sentiment: Higher gasoline prices may be driving more traffic to Costco fuel stations, helping boost store visits and supporting the warehouse club’s value proposition. Costco gets surprising lift from an everyday expense

Costco Wholesale Trading Up 0.8%

NASDAQ:COST opened at $961.83 on Thursday. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week high of $1,096.50. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $1,006.79 and a 200-day simple moving average of $963.58. The company has a market capitalization of $426.72 billion, a PE ratio of 48.38, a price-to-earnings-growth ratio of 4.62 and a beta of 0.88.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 EPS for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). The business 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 28.72%. During the same period in the previous year, the company posted $4.28 earnings per share. On average, equities research analysts expect that Costco Wholesale Corporation will post 20.38 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

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

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.