CPC Advisors LLC Sells 2,669 Shares of Costco Wholesale Corporation $COST

CPC Advisors LLC decreased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 86.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 424 shares of the retailer’s stock after selling 2,669 shares during the period. CPC Advisors LLC’s holdings in Costco Wholesale were worth $422,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of COST. Palisade Asset Management LLC lifted its stake in Costco Wholesale by 1.4% during the 4th quarter. Palisade Asset Management LLC now owns 702 shares of the retailer’s stock valued at $605,000 after acquiring an additional 10 shares in the last quarter. Graybill Wealth Management LTD. grew its stake in shares of Costco Wholesale by 0.3% in the 4th quarter. Graybill Wealth Management LTD. now owns 3,194 shares of the retailer’s stock worth $2,754,000 after acquiring an additional 10 shares in the last quarter. Lbmc Investment Advisors LLC grew its stake in shares of Costco Wholesale by 0.5% in the 4th quarter. Lbmc Investment Advisors LLC now owns 2,041 shares of the retailer’s stock worth $1,760,000 after acquiring an additional 10 shares in the last quarter. Somerset Group LLC raised its holdings in shares of 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 purchasing an additional 11 shares during the last quarter. Finally, Hughes Financial Services LLC raised 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 valued at $245,000 after purchasing an additional 11 shares during the last quarter. Institutional investors 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: Analysts and market commentary said Costco’s membership model looks even stronger, citing higher renewal rates, executive upgrades, and solid fee income growth that point to durable customer loyalty and steady recurring revenue. Is Costco Wholesale’s Membership Model Getting Even Stronger?
• Positive Sentiment: Higher fuel prices may be sending more shoppers to Costco gas stations, which can increase in-store traffic and support a spillover lift in merchandise sales. 1 Big Catalyst for Costco Stock Right Now
• Positive Sentiment: One article argued that Costco’s low-price model can remain resilient even if the Fed keeps rates elevated, because value-oriented shopping tends to hold up well in inflationary periods. 1 Reason Why the Fed’s Decision to Keep Interest Rates Steady Is No Match for Costco Stock
• Neutral Sentiment: Costco is also getting attention as a potential beneficiary of heavy summer spending and online competition, but the articles focus more on Amazon’s Prime Day and broader retail activity than on a direct new catalyst for Costco. Amazon’s Prime Day sale could spur $26.3B in US e-commerce
• Neutral Sentiment: There was also chatter about Costco’s CFO and the timing of a possible special dividend, but the discussion did not confirm any new payout decision, so it is more of a speculation-driven headline than a clear catalyst. Costco’s CFO just answered the special-dividend question
• Negative Sentiment: One report noted that some Costco members are raising inventory complaints, which could hint at occasional merchandising or availability issues that may frustrate shoppers. Costco members voice surprising inventory complaint
• Negative Sentiment: A Fortune report said quartz countertop fabrication has caused serious lung disease among workers, including in jobs tied to Costco kitchens, which could add reputational or legal pressure. Your quartz countertop is the new asbestos — for the workers who cut it

Costco Wholesale Trading Down 0.0%

NASDAQ COST opened at $951.35 on Tuesday. The business’s fifty day moving average is $998.58 and its 200-day moving average is $969.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.61. The stock has a market capitalization of $421.90 billion, a price-to-earnings ratio of 47.85, a PEG ratio of 4.61 and a beta of 0.88. Costco Wholesale Corporation has a one year low of $844.06 and a one 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 for the quarter, missing the consensus estimate of $4.94 by ($0.01). Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. The company had revenue of $70.53 billion for the quarter, compared to the consensus estimate of $70.12 billion. During the same quarter in the previous year, the company posted $4.28 EPS. Equities research analysts predict that Costco Wholesale Corporation will post 20.38 EPS for the current year.

Costco Wholesale Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Citigroup started coverage on shares of Costco Wholesale in a report on Thursday, June 18th. They set a “neutral” rating and a $1,020.00 price target on the stock. Oppenheimer increased their price objective on shares of Costco Wholesale from $1,100.00 to $1,160.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. HC Wainwright reissued a “buy” rating on shares of Costco Wholesale in a research report on Monday, June 1st. Sanford C. Bernstein boosted their target price on Costco Wholesale from $1,192.00 to $1,194.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $1,125.00 target price on shares of Costco Wholesale 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,061.45.

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.