Telos Capital Management Inc. Buys 1,418 Shares of Costco Wholesale Corporation $COST

Telos Capital Management Inc. increased its stake in shares of Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 10.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,756 shares of the retailer’s stock after buying an additional 1,418 shares during the quarter. Costco Wholesale comprises approximately 1.4% of Telos Capital Management Inc.’s investment portfolio, making the stock its 18th biggest position. Telos Capital Management Inc.’s holdings in Costco Wholesale were worth $14,703,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in COST. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Costco Wholesale during the 4th quarter valued at $27,000. Lifetime Wealth Management P.C. bought a new position in shares of Costco Wholesale in the fourth quarter worth $28,000. Mcguire Capital Advisors Inc. bought a new position in shares of Costco Wholesale in the fourth quarter worth $28,000. Hurley Capital LLC raised its stake in Costco Wholesale by 120.0% in the third quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock valued at $31,000 after purchasing an additional 18 shares in the last quarter. Finally, Entrust Financial LLC acquired a new position in Costco Wholesale in the fourth quarter valued at about $31,000. Institutional investors own 68.48% of the company’s stock.

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Analysts Set New Price Targets

Several research firms have commented on COST. TD Cowen reissued a “buy” rating and issued a $1,175.00 target price on shares of Costco Wholesale in a report on Wednesday, June 3rd. Citigroup initiated coverage on shares of Costco Wholesale in a report on Thursday, June 18th. They set a “neutral” rating and a $1,020.00 price target for the company. Sanford C. Bernstein increased their price target on shares of Costco Wholesale from $1,192.00 to $1,194.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Raymond James Financial lifted their price objective on shares of Costco Wholesale from $1,000.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Finally, Bank of America boosted their price objective on shares of Costco Wholesale from $1,185.00 to $1,200.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,061.45.

Get Our Latest Research Report on Costco Wholesale

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $957.68 on Wednesday. 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 stock has a market cap of $424.71 billion, a PE ratio of 48.17, a P/E/G ratio of 4.61 and a beta of 0.88. Costco Wholesale Corporation has a 12-month low of $844.06 and a 12-month high of $1,096.50. The business’s 50-day moving average price is $997.76 and its two-hundred day moving average price is $969.87.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its 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 company had revenue of $70.53 billion during the quarter, compared to the consensus estimate of $70.12 billion. During the same period last year, the company posted $4.28 EPS. As a group, analysts expect that Costco Wholesale Corporation will post 20.38 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 1st. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.30. Costco Wholesale’s payout ratio is currently 29.58%.

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.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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