SeaCrest Wealth Management LLC Sells 1,379 Shares of Costco Wholesale Corporation $COST

SeaCrest Wealth Management LLC cut its position in Costco Wholesale Corporation (NASDAQ:COST) by 17.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,365 shares of the retailer’s stock after selling 1,379 shares during the quarter. Costco Wholesale makes up about 0.6% of SeaCrest Wealth Management LLC’s investment portfolio, making the stock its 29th largest position. SeaCrest Wealth Management LLC’s holdings in Costco Wholesale were worth $5,795,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northern Lights Advisors Inc. raised its position in Costco Wholesale by 69.6% in the third quarter. Northern Lights Advisors Inc. now owns 714 shares of the retailer’s stock worth $650,000 after acquiring an additional 293 shares in the last quarter. Legacy Financial Group Inc. boosted its stake in shares of Costco Wholesale by 12.4% during the 3rd quarter. Legacy Financial Group Inc. now owns 280 shares of the retailer’s stock worth $255,000 after acquiring an additional 31 shares in the last quarter. NBT Bank N.A. acquired a new position in shares of Costco Wholesale during the 3rd quarter valued at about $11,936,000. Adams Diversified Equity Fund Inc. lifted its holdings in Costco Wholesale by 154.7% in the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 34,900 shares of the retailer’s stock worth $31,771,000 after purchasing an additional 21,200 shares during the last quarter. Finally, Precedent Wealth Partners LLC lifted its holdings in Costco Wholesale by 12.7% in the 3rd quarter. Precedent Wealth Partners LLC now owns 567 shares of the retailer’s stock worth $516,000 after purchasing an additional 64 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale News Summary

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

• Positive Sentiment: Analyst support remains strong. CICC initiated coverage with an Outperform rating, while Tigress Financial raised its price target to $1,250. Erste Group also increased its FY2028 EPS estimate to $25.07 from $25.01, above the current-year consensus estimate of $22.70. CICC coverage article Tigress Financial price target article
• Positive Sentiment: Growth and customer engagement remain key positives. Costco’s membership model has delivered substantial long-term shareholder returns, and the company is reportedly using purchasing data to better target high-spending members. REJURAN Cosmetics is also expanding through Costco’s first Beauty Table program, potentially adding traffic and broadening its premium beauty offering. Costco customer spending article REJURAN retail expansion article
• Neutral Sentiment: Long-term growth screens are favorable, and analysts’ average recommendation is equivalent to a Buy. However, these reports largely reiterate existing optimism rather than provide a new earnings catalyst. Zacks growth stock article
• Negative Sentiment: Valuation and competition remain concerns. Costco trades at a high earnings multiple, leaving the stock sensitive to profit-taking or disappointing growth. Kroger is planning major investments and price cuts to win back market share from Costco and Walmart, which could intensify grocery competition and pressure margins. Kroger competition article

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. 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. Bank of America cut their price target on Costco Wholesale from $1,200.00 to $1,095.00 and set a “buy” rating for the company in a report on Wednesday, September 16th. DA Davidson increased their price objective on Costco Wholesale from $1,000.00 to $1,040.00 and gave the company a “neutral” rating in a research report on Friday, September 25th. JPMorgan Chase & Co. lowered their price objective on shares of Costco Wholesale from $1,100.00 to $1,015.00 and set an “overweight” rating on the stock in a research note on Friday, September 25th. Finally, Freedom Broker dropped their target price on shares of Costco Wholesale from $1,030.00 to $1,010.00 and set a “buy” rating on the stock in a research report on Friday, September 25th. Twenty-five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,086.19.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP William Richard Wilcox sold 1,100 shares of Costco Wholesale stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $958.21, for a total value of $1,054,031.00. Following the sale, the executive vice president owned 3,094 shares of the company’s stock, valued at $2,964,701.74. This trade represents a 26.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Claudine Adamo sold 2,200 shares of the business’s stock in a transaction dated 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 owned 7,134 shares in the company, valued at approximately $6,534,244.62. This trade represents a 23.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by corporate insiders.

Costco Wholesale Trading Down 1.5%

Shares of NASDAQ COST opened at $1,003.32 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 50-day moving average of $937.96 and a two-hundred day moving average of $963.21. The company has a market cap of $444.60 billion, a PE ratio of 48.33, a P/E/G ratio of 4.35 and a beta of 0.88. The company has a current ratio of 1.06, a quick ratio of 0.62 and a debt-to-equity ratio of 0.11.

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

Costco Wholesale Announces Dividend

The business 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 $1.47 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s dividend payout ratio is presently 28.32%.

Costco Wholesale Profile

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.