Talon Private Wealth LLC Invests $846,000 in Costco Wholesale Corporation $COST

Talon Private Wealth LLC acquired a new position in Costco Wholesale Corporation (NASDAQ:COST) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 849 shares of the retailer’s stock, valued at approximately $846,000.

Several other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in shares of Costco Wholesale by 12.3% in the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after acquiring an additional 2,172 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Costco Wholesale by 13.1% during the fourth 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% during the second quarter. Sivia Capital Partners LLC now owns 3,853 shares of the retailer’s stock worth $3,814,000 after purchasing an additional 165 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in Costco Wholesale by 1.1% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 2,110 shares of the retailer’s stock worth $2,089,000 after purchasing an additional 23 shares in the last quarter. Finally, Schnieders Capital Management LLC. raised its holdings in Costco Wholesale by 2.2% during the second quarter. Schnieders Capital Management LLC. now owns 8,502 shares of the retailer’s stock worth $8,416,000 after purchasing an additional 182 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

More Costco Wholesale News

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

• Positive Sentiment: Costco has begun operating its Port St. Lucie, Florida distribution center independently from the power grid using on-site solar generation and battery storage. The project could reduce energy costs, improve resilience and support Costco’s net-zero and sustainability goals. Breaking Free from the Grid, Costco Teams with Trinity Energy to Pioneer True Commercial Energy Independence
• Positive Sentiment: Analysts and market commentators continue to highlight Costco’s long-term growth profile. Expected earnings growth, recurring membership revenue and strong customer loyalty support the bullish investment case, although the stock already trades at a high earnings multiple. Why Costco Is a Top Growth Stock for the Long-Term
• Positive Sentiment: Kirkland Signature is described as an increasingly important growth engine. Its lower prices, broad product expansion and reported savings of roughly 15% to 20% can strengthen customer loyalty, differentiate Costco and support merchandise margins. Costco’s Kirkland Brand Is Becoming a Powerful Growth Engine
• Neutral Sentiment: Costco’s use of free water samples illustrates its strategy of encouraging shoppers to discover and purchase new products. Retail experts viewed the tactic as a creative engagement and merchandising initiative, but the article does not indicate a material near-term financial impact. Costco Offered Shoppers Free Samples of Water
• Neutral Sentiment: Plans for a proposed Costco store in South Reno remain uncertain, potentially delaying a future contribution from that market. The development issue appears localized and is unlikely to materially affect Costco’s overall valuation. What Happened to the Proposed New South Reno Costco Store?
• Negative Sentiment: Eligible Washington Costco shoppers may receive payments from a reported $14 million settlement. While the settlement appears limited relative to Costco’s size, it creates a legal expense and could add reputational risk. Washington Costco Shoppers Eligible for Cash in $14 Million Settlement
• Negative Sentiment: Promotional gas discounts from 7-Eleven are increasing competition for Costco’s fuel business, potentially weakening one of the membership club’s customer-traffic advantages as households remain pressured by high gasoline prices. 7-Eleven Has a Gas Discount That Challenges Costco

Wall Street Analyst Weigh In

COST has been the subject of a number of research reports. Oppenheimer increased their price target on 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. UBS Group boosted their price objective on Costco Wholesale from $1,205.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Wells Fargo & Company upped their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. DA Davidson reaffirmed a “neutral” rating and set a $1,000.00 target price on shares of Costco Wholesale in a research note on Thursday, June 4th. Finally, Truist Financial lifted their target price on Costco Wholesale from $977.00 to $1,011.00 and gave the stock a “hold” rating in a report on Friday, May 29th. Twenty-two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,059.07.

Insider Activity

In other news, Director Kenneth D. Denman sold 885 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total transaction of $847,343.25. Following the sale, the director directly owned 4,779 shares of the company’s stock, valued at $4,575,653.55. The trade was a 15.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by insiders.

Costco Wholesale Trading Up 1.6%

Shares of NASDAQ:COST opened at $966.58 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 1.07. The stock has a market capitalization of $428.66 billion, a price-to-earnings ratio of 48.62, a PEG ratio of 4.60 and a beta of 0.88. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,096.50. The company has a 50 day moving average price of $960.85 and a 200 day moving average price of $981.69.

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 company had revenue of $70.53 billion during the quarter, compared to the consensus estimate 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 company posted $4.28 EPS. On average, research analysts anticipate that Costco Wholesale Corporation will post 20.42 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, July 24th. Costco Wholesale’s payout ratio is presently 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.