Secure Asset Management LLC Sells 599 Shares of Costco Wholesale Corporation $COST

Secure Asset Management LLC trimmed its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 6.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,155 shares of the retailer’s stock after selling 599 shares during the period. Costco Wholesale comprises about 1.1% of Secure Asset Management LLC’s portfolio, making the stock its 22nd largest position. Secure Asset Management LLC’s holdings in Costco Wholesale were worth $7,629,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Costco Wholesale during the fourth quarter worth about $27,000. Lifetime Wealth Management P.C. acquired a new stake in Costco Wholesale in the 4th quarter valued at approximately $28,000. C M Bidwell & Associates Ltd. acquired a new stake in Costco Wholesale in the 2nd quarter valued at approximately $28,000. Mcguire Capital Advisors Inc. bought a new stake in Costco Wholesale in the 4th quarter valued at approximately $28,000. Finally, Burk Holdings LLC bought a new stake in Costco Wholesale in the 2nd quarter valued at approximately $30,000. 68.48% of the stock is owned by institutional investors.

Insider Activity at Costco Wholesale

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

Costco Wholesale Price Performance

NASDAQ:COST opened at $902.38 on Friday. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,096.50. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $941.02 and a 200 day simple moving average of $974.99. The stock has a market capitalization of $400.19 billion, a PE ratio of 45.39, a P/E/G ratio of 3.76 and a beta of 0.86.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, July 24th. Costco Wholesale’s dividend payout ratio (DPR) is 29.58%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Truist Financial raised their price target on shares of Costco Wholesale from $977.00 to $1,011.00 and gave the stock a “hold” rating in a research note on Friday, May 29th. BTIG Research reissued a “buy” rating and issued a $1,125.00 price objective on shares of Costco Wholesale in a research report on Thursday, September 3rd. Oppenheimer increased their target price on shares of Costco Wholesale from $1,100.00 to $1,160.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. The Goldman Sachs Group raised their target price on shares of Costco Wholesale from $1,088.00 to $1,159.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, UBS Group lifted 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 research note on Wednesday, May 20th. Twenty-two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,056.03.

Key Costco Wholesale News

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

• Positive Sentiment: Expansion supports long-term growth: Costco plans to open 14 warehouses across the United States and Canada before the end of 2026, including five in October and nine in November. New locations could increase membership, sales and recurring fee revenue. Costco set to expand with 14 new warehouses across US and Canada
• Positive Sentiment: A relocated Newport News warehouse is scheduled to open in November, providing additional capacity and potentially improving the customer experience in that market. Relocated Newport News Costco set to open in November
• Positive Sentiment: Freedom Broker upgraded COST to Buy, offering supportive analyst sentiment after the stock’s recent underperformance. Costco Wholesale Raised to Buy at Freedom Broker
• Positive Sentiment: Coverage highlights Costco’s efforts to improve shopping convenience and add seasonal merchandise, initiatives that may strengthen member loyalty and spending relative to Walmart and Amazon. Costco fixed the one thing members hated about shopping there
• Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day days-to-cover ratio, but the reported increase was listed as “NaN,” making the figures unreliable and unlikely to provide a meaningful trading signal.
• Neutral Sentiment: A profile of a well-paid Costco meat cutter underscores the company’s wages, benefits and employee retention, but has limited direct impact on near-term financial results. Costco employee discusses wages and career choice
• Negative Sentiment: Costco reportedly shut down its online Marketplace service, raising questions about e-commerce execution and the company’s ability to compete digitally. Costco abruptly shuts down Marketplace online service
• Negative Sentiment: Residents near the planned Lee’s Summit warehouse are concerned about traffic, potentially causing permitting, construction or community-relations friction. Residents concerned Costco’s new Lee’s Summit location will cause traffic issues
• Negative Sentiment: Some commentary argues Costco may have lost part of its competitive edge and questions whether the stock’s premium valuation is justified after recent underperformance. Cramer warns Costco may have lost its edge

Costco Wholesale Profile

Costco Wholesale Corporation operates membership-based warehouse clubs that offer a broad selection of merchandise at generally competitive prices. Its product range includes groceries, fresh foods, apparel, appliances, electronics, furniture, jewelry, hardware, and seasonal goods, along with private-label products sold under the Kirkland Signature brand.

The company also provides a variety of ancillary services, including gasoline stations, pharmacies, optical centers, hearing-aid centers, food courts, tire centers, and travel services.