Glenmede Trust Co. NA Sells 832 Shares of Costco Wholesale Corporation $COST

Glenmede Trust Co. NA decreased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,090 shares of the retailer’s stock after selling 832 shares during the quarter. Glenmede Trust Co. NA’s holdings in Costco Wholesale were worth $124,643,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Costco Wholesale during the 4th quarter worth about $27,000. Lifetime Wealth Management P.C. acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $28,000. Mcguire Capital Advisors Inc. bought a new position in shares of Costco Wholesale in the 4th quarter valued at about $28,000. Entrust Financial LLC bought a new position in shares of Costco Wholesale in the 4th quarter valued at about $31,000. Finally, Joseph Group Capital Management acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $33,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale News Roundup

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

• Positive Sentiment: Analysts and financial publications continue to highlight Costco’s strong momentum, durable membership model, consistent profit growth and long-term shareholder returns. One analysis suggests the retailer could eventually pursue trillion-dollar-company status if it sustains warehouse expansion, membership growth and operating execution. Why Costco Is a Strong Momentum Stock
• Positive Sentiment: Costco’s reported experiment with expanding or changing gasoline sales could create another source of traffic, member engagement and revenue over time, although the financial impact remains uncertain. Costco Gasoline Sales Experiment
• Positive Sentiment: New product partnerships and continued customer interest—including expanded beverage distribution and popular food offerings—reinforce Costco’s ability to attract shoppers and support sales, though these developments are not expected to materially change near-term earnings. Coco5 Costco Partnership

Insider Activity

In other news, Director Kenneth D. Denman sold 885 shares of Costco Wholesale stock in a transaction that occurred 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 completion of the transaction, the director directly owned 4,779 shares in the company, valued at approximately $4,575,653.55. The trade was a 15.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. DA Davidson reiterated a “neutral” rating and set a $1,000.00 target price on shares of Costco Wholesale in a report on Thursday, June 4th. Royal Bank Of Canada began coverage on Costco Wholesale in a research note on Monday, July 13th. They issued a “sector perform” rating and a $1,000.00 price target for the company. UBS Group upped 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 increased 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. Finally, Sanford C. Bernstein raised their target price on shares of Costco Wholesale from $1,192.00 to $1,194.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Twenty-two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $1,059.07.

Costco Wholesale Stock Down 0.2%

Shares of COST stock opened at $951.89 on Friday. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week high of $1,096.50. The stock has a market cap of $422.14 billion, a price-to-earnings ratio of 47.88, a PEG ratio of 4.61 and a beta of 0.88. The firm’s 50-day moving average is $955.42 and its 200-day moving average is $982.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 1.07.

Costco Wholesale (NASDAQ:COST) last posted 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). The business had revenue of $70.53 billion for the quarter, compared to the consensus estimate of $70.12 billion. Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.During the same quarter in the previous year, the business posted $4.28 EPS. Sell-side analysts predict that Costco Wholesale Corporation will post 20.42 EPS for the current year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be given 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 of this dividend is Friday, July 24th. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.58%.

About Costco Wholesale

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.