Stenger Family Office LLC Acquires 778 Shares of Costco Wholesale Corporation $COST

Stenger Family Office LLC lifted its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 9.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,943 shares of the retailer’s stock after buying an additional 778 shares during the quarter. Costco Wholesale comprises approximately 1.6% of Stenger Family Office LLC’s investment portfolio, making the stock its 14th largest holding. Stenger Family Office LLC’s holdings in Costco Wholesale were worth $8,912,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Costco Wholesale in the fourth quarter worth $27,000. Lifetime Wealth Management P.C. acquired a new position in shares of Costco Wholesale during the fourth quarter valued at about $28,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Costco Wholesale during the fourth quarter valued at about $28,000. Entrust Financial LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth about $31,000. Finally, Joseph Group Capital Management bought a new position in shares of Costco Wholesale during the 4th quarter worth about $33,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.6%

NASDAQ:COST opened at $953.13 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.61. Costco Wholesale Corporation has a one year low of $844.06 and a one year high of $1,096.50. The company has a market cap of $422.69 billion, a PE ratio of 47.94, a PEG ratio of 4.59 and a beta of 0.88. The firm has a 50-day moving average of $986.93 and a 200-day moving average of $975.26.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share for the quarter, missing the consensus estimate of $4.94 by ($0.01). The business had revenue of $70.53 billion during the quarter, compared to the consensus estimate of $70.12 billion. Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. During the same period in the previous year, the business posted $4.28 EPS. As a group, equities research analysts expect that Costco Wholesale Corporation will post 20.38 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $5.88 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio is 29.58%.

Trending Headlines about Costco Wholesale

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

• Positive Sentiment: Costco reported strong June sales of $29.24 billion, signaling continued momentum in its core business and supporting the stock’s defensive growth story. Costco Wholesale Corporation Reports June Sales Results and Announces Quarterly Cash Dividend
• Positive Sentiment: William Blair reiterated a Buy rating, citing resilient traffic and Costco’s defensive positioning despite temporary headwinds, which adds to bullish sentiment around the shares. Analyst Maintains Buy on Costco, Citing Resilient Traffic and Defensive Positioning Despite Transient Headwinds
• Positive Sentiment: Costco also announced its quarterly cash dividend alongside the sales update, reinforcing its shareholder-return profile. Costco Wholesale Corporation Reports June Sales Results and Announces Quarterly Cash Dividend
• Neutral Sentiment: Broader commentary about Costco as a blue-chip, quality retail name may be helping support investor interest, but it is not a direct company-specific catalyst. 3 Blue-Chip Retail Stocks to Trust as Volatility Favors Quality
• Negative Sentiment: A consumer lawsuit alleging Costco sold Orgain protein supplements contaminated with heavy metals could create some headline risk, though it appears less impactful than the strong sales news. Hagens Berman: Consumer Lawsuit Against Costco Alleges Toxic Heavy Metals in Orgain Protein Supplements

Insider Buying and Selling at Costco Wholesale

In other news, Director Kenneth D. Denman sold 885 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total value of $847,343.25. Following the transaction, the director owned 4,779 shares in the company, valued at $4,575,653.55. This trade represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on COST shares. The Goldman Sachs Group boosted their target price on Costco Wholesale from $1,088.00 to $1,159.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft increased their price target on Costco Wholesale from $1,104.00 to $1,106.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Sanford C. Bernstein raised their price objective on Costco Wholesale from $1,192.00 to $1,194.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Weiss Ratings downgraded Costco Wholesale from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Finally, Citigroup assumed coverage on Costco Wholesale in a report on Thursday, June 18th. They set a “neutral” rating and a $1,020.00 price objective for the company. Twenty-two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,061.45.

About Costco Wholesale

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.