Costco Wholesale Corporation $COST Stock: Provenance Wealth Advisors LLC Raises Position

Provenance Wealth Advisors LLC boosted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 691.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,821 shares of the retailer’s stock after buying an additional 1,591 shares during the period. Provenance Wealth Advisors LLC’s holdings in Costco Wholesale were worth $1,658,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Contravisory Investment Management Inc. grew its stake in Costco Wholesale by 107.7% during the 3rd quarter. Contravisory Investment Management Inc. now owns 27 shares of the retailer’s stock valued at $25,000 after acquiring an additional 14 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at about $28,000. Burk Holdings LLC acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at about $30,000. Manning & Napier Advisors LLC purchased a new stake in shares of Costco Wholesale in the second quarter worth approximately $30,000. Finally, John Boyer Inc. purchased a new stake in shares of Costco Wholesale in the third quarter worth approximately $32,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on COST shares. Raymond James Financial decreased their price target on shares of Costco Wholesale from $1,100.00 to $1,050.00 and set an “outperform” rating for the company in a report on Friday, September 25th. Weiss Ratings upgraded shares of Costco Wholesale from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. BTIG Research reiterated a “buy” rating and issued a $1,125.00 target price on shares of Costco Wholesale in a research report on Wednesday, September 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a research report on Friday, October 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Costco Wholesale from $1,091.00 to $1,079.00 and set a “buy” rating for the company in a research note on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,086.19.

Insider Activity at Costco Wholesale

In related news, EVP William Richard Wilcox sold 1,100 shares of the stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $958.21, for a total transaction of $1,054,031.00. Following the completion of the sale, the executive vice president owned 3,094 shares in the company, valued at $2,964,701.74. This represents a 26.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Claudine Adamo sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $915.93, for a total value of $2,015,046.00. Following the completion of the sale, the executive vice president directly owned 7,134 shares in the company, valued at $6,534,244.62. This trade represents a 23.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by corporate insiders.

Key Headlines Impacting Costco Wholesale

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

• Positive Sentiment: Costco’s DoorDash and Uber Eats expansion could add sales, reach younger shoppers and support digital growth without reducing warehouse traffic. Read article
• Positive Sentiment: Costco received approval for a new store at Seacoast Landing in Newington, New Hampshire, with a 2027 opening targeted—supporting longer-term expansion. Read article
• Positive Sentiment: Commentary presents Costco as a durable blue-chip investment and highlights its ability to introduce appealing products, including a coffee offering tied to an emerging trend. These are supportive long-term views, not new financial guidance. Read article Read article
• Neutral Sentiment: Articles discuss whether Costco could split its shares in 2027 because the price is above $1,000. A split could improve share accessibility but would not change the company’s underlying value, and no split has been announced. Read article
• Negative Sentiment: ETFs were reported as net sellers of about $75.6 million in COST shares on Oct. 29, which may have contributed to selling pressure; this is backward-looking and does not establish the cause of the latest decline. Read article

Costco Wholesale Stock Down 2.0%

Shares of Costco Wholesale stock opened at $1,019.26 on Wednesday. Costco Wholesale Corporation has a 12-month low of $844.06 and a 12-month high of $1,096.50. The company has a quick ratio of 0.62, a current ratio of 1.06 and a debt-to-equity ratio of 0.11. The stock has a 50 day moving average price of $946.12 and a two-hundred day moving average price of $971.09. The stock has a market capitalization of $451.66 billion, a P/E ratio of 49.10, a PEG ratio of 4.45 and a beta of 0.85.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 24th. The retailer reported $6.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.54 by $0.21. Costco Wholesale had a net margin of 3.04% and a return on equity of 27.60%. The company had revenue of $95.72 billion during the quarter, compared to analysts’ expectations of $94.97 billion. During the same period in the prior year, the company earned $5.87 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities analysts expect that Costco Wholesale Corporation will post 22.70 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a dividend of $1.47 per share. The ex-dividend date is Friday, October 30th. This represents a $5.88 annualized dividend and a yield of 0.6%. Costco Wholesale’s dividend payout ratio is presently 28.32%.

About Costco Wholesale

Costco Wholesale Corporation operates a membership-based warehouse retail business under the Costco name. The company sells merchandise in bulk and at competitive prices through warehouse clubs and e-commerce platforms, serving individual consumers, businesses and other organizations.

Its product selection includes groceries and fresh foods, household supplies, appliances, electronics, furniture, apparel, health and beauty products, jewelry, automotive products and prescription drugs. Costco also provides services such as optical care, pharmacy services, hearing-aid sales, travel offerings and fuel sales, depending on location.

The company traces its roots to Price Club, which opened in San Diego in 1976.