Costco Wholesale Corporation $COST Shares Acquired by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc boosted its stake in Costco Wholesale Corporation (NASDAQ:COST) by 17.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,100 shares of the retailer’s stock after acquiring an additional 1,757 shares during the quarter. Costco Wholesale accounts for about 0.6% of Texas Capital Bank Wealth Management Services Inc’s portfolio, making the stock its 26th biggest holding. Texas Capital Bank Wealth Management Services Inc’s holdings in Costco Wholesale were worth $11,319,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC raised its position in Costco Wholesale by 1.0% during the second quarter. Tortoise Investment Management LLC now owns 1,444 shares of the retailer’s stock worth $1,351,000 after acquiring an additional 14 shares during the period. K.J. Harrison & Partners Inc grew its position in shares of Costco Wholesale by 0.6% in the second quarter. K.J. Harrison & Partners Inc now owns 3,629 shares of the retailer’s stock valued at $3,395,000 after purchasing an additional 20 shares during the period. Conway Capital Management Inc. increased its stake in shares of Costco Wholesale by 1.4% during the second quarter. Conway Capital Management Inc. now owns 21,822 shares of the retailer’s stock worth $20,413,000 after purchasing an additional 298 shares in the last quarter. Argyle Capital Partners LLC increased its stake in shares of Costco Wholesale by 13.6% during the second quarter. Argyle Capital Partners LLC now owns 1,025 shares of the retailer’s stock worth $959,000 after purchasing an additional 123 shares in the last quarter. Finally, Focused Alpha LLC raised its position in shares of Costco Wholesale by 0.4% during the 2nd quarter. Focused Alpha LLC now owns 2,900 shares of the retailer’s stock worth $2,713,000 after purchasing an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

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 shares were sold at an average price of $957.45, for a total transaction of $847,343.25. Following the completion of the sale, the director owned 4,779 shares in the company, valued at $4,575,653.55. This trade represents a 15.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Costco Wholesale Trading Up 1.2%

Shares of COST stock opened at $945.47 on Friday. The company’s 50-day moving average price is $945.80 and its 200-day moving average price is $979.92. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. The stock has a market cap of $419.30 billion, a price-to-earnings ratio of 47.56, a PEG ratio of 4.50 and a beta of 0.87. Costco Wholesale Corporation has a twelve month low of $844.06 and a twelve month high of $1,096.50.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.94 by ($0.01). Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.The firm had revenue of $70.53 billion for the quarter, compared to analyst estimates of $70.12 billion. During the same quarter in the previous year, the business posted $4.28 earnings per share. As a group, equities analysts predict that Costco Wholesale Corporation will post 20.42 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were paid a $1.47 dividend. The ex-dividend date of this dividend was 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%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on COST. Truist Financial raised their price target on shares of Costco Wholesale from $977.00 to $1,011.00 and gave the company a “hold” rating in a research note on Friday, May 29th. Weiss Ratings lowered Costco Wholesale from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. HC Wainwright reissued a “buy” rating on shares of Costco Wholesale in a report on Monday, June 1st. BTIG Research restated a “buy” rating and issued a $1,125.00 target price on shares of Costco Wholesale in a research report on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,120.00 price target on shares of Costco Wholesale in a research report on Thursday, August 6th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,059.53.

Key Costco Wholesale News

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

• Positive Sentiment: Delivery expansion could boost engagement: Costco is now offering delivery for customizable sheet cakes and party platters, improving convenience and potentially encouraging larger, higher-margin event-related purchases. Costco delivery for cakes and party platters
• Positive Sentiment: Physical expansion continues: Costco opened its first warehouse in Celina, Texas, one of the nation’s fastest-growing cities. New locations can add membership revenue and sales over time, although the financial contribution will develop gradually. Costco opens Celina store
• Positive Sentiment: Long-term investor appeal remains intact: Commentary highlights Costco’s strong competitive moat, membership economics and potential for dividend growth. Its partnership with SCAN Health Plan to offer Medicare Advantage and supplemental plans also provides a potential new customer-engagement channel. Costco Medicare partnership
• Neutral Sentiment: Pricing strategy is both a strength and a challenge: Costco continues to hold its iconic rotisserie chicken at $4.99 by controlling production costs. The price reinforces customer loyalty, but inflation and supply costs could pressure margins if the company maintains the price indefinitely. Costco rotisserie chicken and inflation
• Negative Sentiment: Legal and valuation concerns are weighing on sentiment: Costco is refunding certain tariff duties while contesting a related class-action lawsuit, creating uncertainty over costs and potential liabilities. Separately, the stock’s high earnings multiple and position below its 200-day moving average leave it vulnerable to profit-taking; its latest quarterly EPS narrowly missed estimates despite a revenue beat. Costco tariff refunds and lawsuit

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.