Resonant Capital Advisors LLC Has $5.61 Million Stake in Costco Wholesale Corporation $COST

Resonant Capital Advisors LLC raised its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 12.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 5,631 shares of the retailer’s stock after purchasing an additional 616 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Costco Wholesale were worth $5,611,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Diamant Asset Management Inc. increased its stake in Costco Wholesale by 99,278.0% during the first quarter. Diamant Asset Management Inc. now owns 6,726,899 shares of the retailer’s stock valued at $672,690,000 after acquiring an additional 6,720,130 shares during the period. Norges Bank acquired a new position in Costco Wholesale in the 4th quarter valued at approximately $5,195,415,000. Corient Private Wealth LLC lifted its position in shares of Costco Wholesale by 838.9% in the 4th quarter. Corient Private Wealth LLC now owns 6,125,405 shares of the retailer’s stock worth $5,282,182,000 after acquiring an additional 5,472,968 shares during the period. Cardano Risk Management B.V. lifted its position in shares of Costco Wholesale by 907.1% in the 4th quarter. Cardano Risk Management B.V. now owns 1,785,080 shares of the retailer’s stock worth $1,539,346,000 after acquiring an additional 1,607,833 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Costco Wholesale by 1,586.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,137,436 shares of the retailer’s stock worth $980,857,000 after purchasing an additional 1,070,005 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity

In other news, Director Kenneth D. Denman sold 885 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total value of $847,343.25. Following the sale, the director 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

COST has been the topic of a number of research reports. Bank of America boosted their price objective on 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. JPMorgan Chase & Co. lifted their price target on shares of Costco Wholesale from $1,060.00 to $1,110.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Roth Capital boosted their price target on shares of Costco Wholesale from $769.00 to $781.00 and gave the company a “sell” rating in a report on Friday, May 29th. BTIG Research reissued a “buy” rating and issued a $1,125.00 price target on shares of Costco Wholesale in a report on Friday, May 29th. Finally, DA Davidson restated a “neutral” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a research note on Thursday, June 4th. Twenty-two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,061.45.

Key Headlines Impacting Costco Wholesale

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

• Positive Sentiment: Wall Street analysts are described as increasingly optimistic on Costco, which can support the stock by reinforcing the market’s view that the company still deserves a premium valuation. Is Costco (COST) a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Several articles highlight Costco as a durable long-term compounder and a resilient business, suggesting investors continue to favor its defensive model and steady membership-driven cash flow. Costco Wholesale Corporation (COST) Benefits from Investors’ Focus on Resilient Businesses
• Positive Sentiment: Costco’s move to build a retail media business with Google Commerce Media and YouTube could open a new high-margin revenue stream, which investors may view as a meaningful growth lever. Can Costco Stock Build a Meaningful Retail Media Business?
• Positive Sentiment: Coverage suggesting Costco is benefiting from investor preference for resilient consumer businesses may help the stock if the market remains focused on defensive retail names amid economic uncertainty. Is Costco Wholesale Corporation (COST) a Durable Long-Term Compounder?
• Neutral Sentiment: Multiple stories comparing Costco with Walmart and other retail peers keep the stock in focus, but these pieces are more discussion-oriented than company-specific catalysts. Costco vs Walmart: What’s the Better Retail Stock to Buy Right Now?
• Neutral Sentiment: Articles about Costco’s famous hot dog, food-court franks, and milk are largely consumer-interest pieces and are unlikely to materially affect the stock. Are Costco’s famous food court franks available for bulk purchase?
• Negative Sentiment: Some commentary argues Costco’s valuation leaves limited upside versus cheaper alternatives, which could weigh on sentiment if investors become more valuation-sensitive. When I Try to Imagine the Best Investment Opportunity for the Next 10 Years, Costco Stock Just Doesn’t Make the Cut. That’s Why I Keep Coming Back to This Stock.

Costco Wholesale Price Performance

Shares of COST stock traded up $2.90 during trading hours on Tuesday, hitting $953.15. The company had a trading volume of 614,648 shares, compared to its average volume of 2,230,827. Costco Wholesale Corporation has a 12 month low of $844.06 and a 12 month high of $1,096.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 1.07. The firm’s fifty day moving average is $990.38 and its 200 day moving average is $973.36. The firm has a market capitalization of $422.70 billion, a price-to-earnings ratio of 47.84, a PEG ratio of 4.61 and a beta of 0.88.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, May 28th. The retailer reported $4.93 EPS for the quarter, missing the consensus estimate of $4.94 by ($0.01). The company 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 last year, the business earned $4.28 EPS. On average, sell-side analysts predict that Costco Wholesale Corporation will post 20.38 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, May 1st. This is a boost 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%. Costco Wholesale’s dividend payout ratio (DPR) is 29.58%.

Costco Wholesale Profile

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.