Sax Wealth Advisors LLC Purchases 1,371 Shares of Costco Wholesale Corporation $COST

Sax Wealth Advisors LLC grew its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 80.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,083 shares of the retailer’s stock after acquiring an additional 1,371 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Costco Wholesale were worth $3,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Palisade Asset Management LLC increased its position in shares of Costco Wholesale by 1.4% during the fourth quarter. Palisade Asset Management LLC now owns 702 shares of the retailer’s stock worth $605,000 after acquiring an additional 10 shares in the last quarter. Graybill Wealth Management LTD. lifted its position in Costco Wholesale by 0.3% in the 4th quarter. Graybill Wealth Management LTD. now owns 3,194 shares of the retailer’s stock valued at $2,754,000 after acquiring an additional 10 shares in the last quarter. Wealth Effects LLC lifted its position in Costco Wholesale by 1.2% in the 1st quarter. Wealth Effects LLC now owns 874 shares of the retailer’s stock valued at $871,000 after acquiring an additional 10 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. boosted its stake in Costco Wholesale by 1.8% during the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 551 shares of the retailer’s stock valued at $549,000 after purchasing an additional 10 shares during the last quarter. Finally, First National Bank of Hutchinson boosted its stake in Costco Wholesale by 0.9% during the 1st quarter. First National Bank of Hutchinson now owns 1,098 shares of the retailer’s stock valued at $1,094,000 after purchasing an additional 10 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

COST stock opened at $947.82 on Monday. 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 firm has a market cap of $420.34 billion, a PE ratio of 47.68, a P/E/G ratio of 4.51 and a beta of 0.87. The business has a 50 day moving average of $950.51 and a 200-day moving average of $982.13. Costco Wholesale Corporation has a 12-month low of $844.06 and a 12-month high of $1,096.50.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 EPS for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.The business had revenue of $70.53 billion for the quarter, compared to the consensus estimate of $70.12 billion. During the same quarter last year, the business posted $4.28 earnings per share. As a group, sell-side analysts expect that Costco Wholesale Corporation will post 20.42 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, July 24th. Costco Wholesale’s payout ratio is presently 29.58%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Roth Capital increased their price objective on Costco Wholesale from $769.00 to $781.00 and gave the stock a “sell” rating in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,120.00 price target on shares of Costco Wholesale in a report on Thursday. UBS Group increased their price target on Costco Wholesale from $1,205.00 to $1,275.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. DA Davidson reaffirmed a “neutral” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a report on Thursday, June 4th. Finally, 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 objective on the stock. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,059.53.

Insider Buying and Selling at Costco Wholesale

In related news, Director Kenneth D. 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 value of $847,343.25. Following the transaction, the director directly owned 4,779 shares of the company’s stock, valued at approximately $4,575,653.55. The trade was a 15.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

More Costco Wholesale News

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

• Positive Sentiment: Strong July sales support the growth narrative. Costco reported July net sales of $23.12 billion, up 10.7% year over year. Sales for the first 48 weeks rose 10.1% to $273.55 billion, suggesting resilient consumer demand and continued momentum across its warehouse business. Comparable sales also increased, a key measure for retail investors. Costco Wholesale Corporation Reports July Sales Results
• Positive Sentiment: New warehouse openings are drawing strong customer interest. Reports from the Capital Region and Oconomowoc describe enthusiastic crowds for Costco’s latest locations. Successful openings can expand the membership base, warehouse footprint and long-term sales potential, although the near-term financial contribution is likely limited. New Costco Opens in Oconomowoc to Enthusiastic Shoppers
• Positive Sentiment: Costco’s private-label strategy remains influential. Lord & Taylor is reportedly considering a Costco-like approach centered on private-label merchandise, highlighting the strength of Costco’s Kirkland Signature brand and the competitive value of its membership model. Formerly Bankrupt Lord and Taylor Bets on Costco Strategy
• Neutral Sentiment: Coverage of a potential business-center expansion and the role of pharmacy operations offers possible strategic upside, but no specific financial impact or firm expansion plan was provided. Costco Business Center Plan
• Negative Sentiment: Valuation is limiting enthusiasm. Analysts and tactical-investing commentary characterize COST as fairly valued or advise patience for a pullback, with one analysis identifying a potential buying range near $820–$860. Costco trades at a high earnings multiple, leaving the stock vulnerable if sales growth slows or results fail to exceed expectations. How Tactical Buyers Should Play Costco Today

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.