NewEdge Wealth LLC Purchases 12,643 Shares of Costco Wholesale Corporation $COST

Posted by Jeff Wilder on May 10th, 2026

NewEdge Wealth LLC boosted its position in Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 59.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 33,932 shares of the retailer’s stock after purchasing an additional 12,643 shares during the period. NewEdge Wealth LLC’s holdings in Costco Wholesale were worth $29,261,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of COST. Hurley Capital LLC lifted its stake in shares of Costco Wholesale by 120.0% in the 3rd quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock valued at $31,000 after purchasing an additional 18 shares during the period. Joseph Group Capital Management bought a new stake in shares of Costco Wholesale during the 4th quarter valued at about $33,000. Abich Financial Wealth Management LLC acquired a new stake in Costco Wholesale during the third quarter worth approximately $34,000. Collier Financial acquired a new stake in Costco Wholesale during the third quarter worth approximately $35,000. Finally, AXS Investments LLC bought a new stake in Costco Wholesale in the third quarter worth approximately $36,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.3%

NASDAQ COST opened at $1,008.79 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Costco Wholesale Corporation has a 52 week low of $844.06 and a 52 week high of $1,067.08. The business has a 50 day moving average price of $998.03 and a 200-day moving average price of $951.50. The company has a market cap of $447.55 billion, a price-to-earnings ratio of 52.46, a P/E/G ratio of 4.97 and a beta of 0.92.

Costco Wholesale (NASDAQ:COST – Get Free Report) last posted its quarterly earnings results on Wednesday, March 11th. The retailer reported $4.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.55 by $0.03. The business had revenue of $69.60 billion during the quarter, compared to the consensus estimate of $68.96 billion. Costco Wholesale had a net margin of 2.99% and a return on equity of 28.57%. Costco Wholesale’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.02 EPS. As a group, equities analysts expect that Costco Wholesale Corporation will post 20.32 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be issued a dividend of $1.47 per share. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.30. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, May 1st. Costco Wholesale’s dividend payout ratio is 30.58%.

Key Stories Impacting Costco Wholesale

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

Positive Sentiment: April net sales rose 13% and comparable sales remained strong, signaling resilient demand and solid momentum for Costco’s core business. Costco Wholesale Corporation Reports April Sales Results
Positive Sentiment: Bank of America reiterated a Buy rating after the sales update, pointing to Costco’s steady comparable sales trend despite macro uncertainty. Costco April sales top expectations despite Easter shift, macroeconomic uncertainty
Positive Sentiment: Deutsche Bank raised its price target and kept a Buy rating, adding to bullish sentiment around the stock. Deutsche Bank adjusts Costco Wholesale PT
Positive Sentiment: Market chatter around a possible special dividend later this year may be attracting income-focused investors to COST. Is Costco Preparing Another Special Dividend This Year?
Neutral Sentiment: Costco is also in the news for store expansion plans in California and Florida, which is constructive long term but not an immediate stock catalyst. Costco plots major California expansion as it announces new store openings
Neutral Sentiment: Several lifestyle and product roundups highlight Costco’s strong brand and value perception, but these are unlikely to move the stock much on their own.
Negative Sentiment: A lawsuit over Costco’s tariff-refund pricing strategy could create legal and margin uncertainty, though the longer-term financial impact is still unclear. Costco’s Going to Court Because It Wants to Give You Tariff Refunds

Analysts Set New Price Targets

Several equities analysts have issued reports on COST shares. Deutsche Bank Aktiengesellschaft boosted their price target on Costco Wholesale from $1,104.00 to $1,106.00 and gave the company a “buy” rating in a research note on Thursday. BTIG Research reiterated a “buy” rating and issued a $1,115.00 price objective on shares of Costco Wholesale in a research note on Thursday, March 5th. Roth Mkm reiterated a “sell” rating on shares of Costco Wholesale in a research report on Wednesday, February 4th. Sanford C. Bernstein reissued an “outperform” rating and set a $1,155.00 target price on shares of Costco Wholesale in a research note on Monday, February 9th. Finally, TD Cowen restated a “buy” rating on shares of Costco Wholesale in a report on Friday, March 6th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $1,046.03.

View Our Latest Research Report on COST

Insider Activity

In other news, EVP Claudine Adamo sold 730 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $1,003.02, for a total transaction of $732,204.60. Following the completion of the sale, the executive vice president directly owned 6,121 shares of the company’s stock, valued at $6,139,485.42. The trade was a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is owned by corporate insiders.

Costco Wholesale Profile

(Free Report)

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.