Klingenstein Fields & Co. LP Sells 564 Shares of Costco Wholesale Corporation $COST

Klingenstein Fields & Co. LP trimmed its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,467 shares of the retailer’s stock after selling 564 shares during the period. Costco Wholesale accounts for about 1.6% of Klingenstein Fields & Co. LP’s investment portfolio, making the stock its 20th biggest holding. Klingenstein Fields & Co. LP’s holdings in Costco Wholesale were worth $43,519,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Integrity Investment Advisors LLC bought a new stake in Costco Wholesale in the fourth quarter valued at approximately $257,000. Wealthspire Advisors LLC increased its stake in Costco Wholesale by 24.2% in the fourth quarter. Wealthspire Advisors LLC now owns 20,435 shares of the retailer’s stock valued at $17,622,000 after purchasing an additional 3,979 shares in the last quarter. Columbia Bank increased its stake in Costco Wholesale by 1.2% in the fourth quarter. Columbia Bank now owns 4,195 shares of the retailer’s stock valued at $3,618,000 after purchasing an additional 49 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management increased its stake in Costco Wholesale by 6.8% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 5,498 shares of the retailer’s stock valued at $4,741,000 after purchasing an additional 350 shares in the last quarter. Finally, M1 Capital Management LLC increased its stake in Costco Wholesale by 6.4% in the fourth quarter. M1 Capital Management LLC now owns 685 shares of the retailer’s stock valued at $591,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Key Headlines Impacting Costco Wholesale

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.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Roth Mkm upped their target price on shares of Costco Wholesale from $769.00 to $781.00 and gave the company a “sell” rating in a research note on Friday, May 29th. Wells Fargo & Company upped their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th. Telsey Advisory Group upped their target price on shares of Costco Wholesale from $1,125.00 to $1,135.00 and gave the company an “outperform” rating in a research note on Thursday, April 9th. Evercore set a $1,100.00 target price on shares of Costco Wholesale in a research note on Monday, March 2nd. Finally, TD Cowen reiterated a “buy” rating and issued a $1,175.00 price target on shares of Costco Wholesale in a report on Wednesday, June 3rd. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $1,060.41.

Costco Wholesale Stock Up 0.7%

Costco Wholesale stock opened at $982.35 on Friday. The stock has a market capitalization of $435.65 billion, a PE ratio of 49.41, a price-to-earnings-growth ratio of 4.73 and a beta of 0.88. Costco Wholesale Corporation has a twelve month low of $844.06 and a twelve month high of $1,096.50. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $1,005.34 and a 200-day moving average of $966.74.

Costco Wholesale (NASDAQ:COST) last released 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). 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 quarter last year, the company earned $4.28 EPS. On average, equities research analysts anticipate that Costco Wholesale Corporation will post 20.38 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

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

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.