Costco Wholesale Corporation $COST Stock Holdings Increased by Private Advisory Group LLC

Private Advisory Group LLC lifted its stake in Costco Wholesale Corporation (NASDAQ:COST) by 15.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,668 shares of the retailer’s stock after buying an additional 3,196 shares during the quarter. Costco Wholesale comprises 1.1% of Private Advisory Group LLC’s portfolio, making the stock its 18th biggest holding. Private Advisory Group LLC’s holdings in Costco Wholesale were worth $21,546,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. State Street Corp increased its holdings in Costco Wholesale by 31.7% in the 2nd quarter. State Street Corp now owns 23,901,594 shares of the retailer’s stock worth $22,359,224,000 after acquiring an additional 5,749,362 shares in the last quarter. Bank of America Corp DE raised its stake in Costco Wholesale by 11.5% during the 1st quarter. Bank of America Corp DE now owns 7,515,031 shares of the retailer’s stock worth $7,488,203,000 after acquiring an additional 773,651 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Costco Wholesale by 5.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,068,312 shares of the retailer’s stock valued at $2,870,314,000 after purchasing an additional 160,893 shares in the last quarter. Amundi lifted its holdings in Costco Wholesale by 11.1% during the first quarter. Amundi now owns 2,839,016 shares of the retailer’s stock valued at $2,828,881,000 after purchasing an additional 283,360 shares in the last quarter. Finally, Ascentis Wealth Management LLC boosted its position in shares of Costco Wholesale by 103,637.0% in the second quarter. Ascentis Wealth Management LLC now owns 2,500,062 shares of the retailer’s stock worth $2,549,616,000 after purchasing an additional 2,497,652 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $1,092.21 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.06 and a quick ratio of 0.62. The company’s 50-day moving average is $963.50 and its 200 day moving average is $974.45. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,102.84. The firm has a market capitalization of $483.99 billion, a P/E ratio of 52.61, a price-to-earnings-growth ratio of 4.81 and a beta of 0.85.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data 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. The company had revenue of $95.72 billion during the quarter, compared to analyst estimates of $94.97 billion. Costco Wholesale had a net margin of 3.04% and a return on equity of 27.60%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $5.87 EPS. Research analysts forecast that Costco Wholesale Corporation will post 22.70 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Friday, December 4th. Shareholders of record on Tuesday, November 24th will be issued a dividend of $30.00 per share. The ex-dividend date is Tuesday, November 24th. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.32%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COST. Tigress Financial increased their price objective on shares of Costco Wholesale from $1,065.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Thursday, October 15th. Evercore restated an “outperform” rating on shares of Costco Wholesale in a research report on Tuesday, September 22nd. Truist Financial dropped their target price on shares of Costco Wholesale from $1,011.00 to $955.00 and set a “hold” rating for the company in a research report on Friday, September 25th. Guggenheim reaffirmed a “neutral” rating on shares of Costco Wholesale in a research note on Monday, September 28th. Finally, Roth Capital reiterated a “sell” rating and issued a $781.00 price target on shares of Costco Wholesale in a report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,092.23.

Key Stories Impacting Costco Wholesale

Here are a few of the latest stories about COST:

• Positive Sentiment: Costco plans to expand its Hyderabad technology center after reporting a 60% productivity gain from AI, potentially supporting efficiency as the company grows. Article: Costco reveals 60% AI productivity gain in major expansion
• Neutral Sentiment: Bernstein raised its price target to $1,155 and maintained an Outperform rating, but noted that expectations ahead of earnings remain demanding. Article: Bernstein Makes Surprising Costco Call Before Earnings
• Neutral Sentiment: EVP Teresa A. Jones sold 900 shares for about $976,000, reducing her position by 13.64% but retaining 5,698 shares. A single executive sale is not necessarily a signal about the company’s outlook. SEC Form 4 filing

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP William Richard Wilcox sold 1,100 shares of the company’s stock in a transaction on 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 completion of the sale, the executive vice president directly owned 3,094 shares in the company, valued at approximately $2,964,701.74. This represents a 26.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Claudine Adamo sold 2,200 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $915.93, for a total value of $2,015,046.00. Following the transaction, the executive vice president directly owned 7,134 shares in the company, valued at $6,534,244.62. The trade was a 23.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,200 shares of company stock valued at $4,044,632 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Costco Wholesale Company Profile

Costco Wholesale Corporation operates membership-based warehouse clubs that offer a broad selection of merchandise at generally low prices. Its products include groceries, fresh foods, appliances, electronics, apparel, furniture, and household goods, as well as its Kirkland Signature private-label line. The company also provides services such as gasoline stations, pharmacies, optical and hearing-aid centers, food courts, and travel offerings. Costco serves members through warehouses and online channels.