Costco Wholesale Corporation $COST Stock: Thurston Springer Miller Herd & Titak Inc. Cuts Stake

Thurston Springer Miller Herd & Titak Inc. lowered its position in Costco Wholesale Corporation (NASDAQ:COST) by 68.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 574 shares of the retailer’s stock after selling 1,238 shares during the quarter. Costco Wholesale comprises 0.9% of Thurston Springer Miller Herd & Titak Inc.’s investment portfolio, making the stock its 18th largest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in Costco Wholesale were worth $523,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Sarasin & Partners LLP grew its position in shares of Costco Wholesale by 6.9% in the second quarter. Sarasin & Partners LLP now owns 214,194 shares of the retailer’s stock valued at $200,372,000 after purchasing an additional 13,795 shares in the last quarter. Nissay Asset Management Corp Japan lifted its holdings in Costco Wholesale by 4.1% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 158,416 shares of the retailer’s stock worth $148,193,000 after purchasing an additional 6,200 shares in the last quarter. Hyperion Asset Management Ltd boosted its stake in Costco Wholesale by 9.0% in the 2nd quarter. Hyperion Asset Management Ltd now owns 68,762 shares of the retailer’s stock worth $64,325,000 after purchasing an additional 5,656 shares during the period. Silvant Capital Management LLC bought a new position in Costco Wholesale in the 2nd quarter worth about $16,013,000. Finally, Concurrent Investment Advisors LLC boosted its stake in Costco Wholesale by 15.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 22,766 shares of the retailer’s stock worth $21,297,000 after purchasing an additional 2,974 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Costco Wholesale stock traded up $21.75 during midday trading on Wednesday, hitting $976.38. 1,200,229 shares of the company’s stock were exchanged, compared to its average volume of 2,179,270. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week high of $1,096.50. The stock has a 50-day moving average price of $930.95 and a two-hundred day moving average price of $963.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.62 and a current ratio of 1.06. The company has a market cap of $432.67 billion, a P/E ratio of 47.01, a PEG ratio of 4.07 and a beta of 0.88.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 24th. The retailer reported $6.75 earnings per share for the quarter, beating the consensus estimate of $6.54 by $0.21. The firm had revenue of $95.72 billion for the quarter, compared to analysts’ expectations of $94.97 billion. Costco Wholesale had a return on equity of 27.60% and a net margin of 3.04%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $5.87 EPS. On average, equities research analysts forecast that Costco Wholesale Corporation will post 22.85 earnings per share for the current year.

Insider Activity at Costco Wholesale

In other news, EVP Claudine Adamo sold 2,200 shares of the business’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $915.93, for a total transaction of $2,015,046.00. Following the completion of the transaction, the executive vice president owned 7,134 shares of the company’s stock, valued at approximately $6,534,244.62. The trade was a 23.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Roth Capital reiterated a “sell” rating and set a $781.00 price target on shares of Costco Wholesale in a research report on Friday, September 25th. Mizuho lowered their price target on shares of Costco Wholesale from $1,100.00 to $1,065.00 and set an “outperform” rating on the stock in a report on Friday, September 25th. Evercore restated an “outperform” rating on shares of Costco Wholesale in a research report on Tuesday, September 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a research note on Friday, October 9th. Finally, TD Cowen reiterated a “buy” rating on shares of Costco Wholesale in a research note on Friday, September 25th. Twenty-three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,046.27.

Costco Wholesale News Roundup

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

• Positive Sentiment: Costco reported September net sales of approximately $30.02 billion, up 13% year over year, while digitally enabled sales increased 19%. The figures support continued momentum in membership-driven retail and e-commerce. Should Costco’s September Sales Jump and Faster Digital Growth Require Action From Costco Wholesale Investors?
• Positive Sentiment: A Florida city council gave preliminary approval for a new Costco warehouse, adding to the company’s long-term growth pipeline. New locations can increase membership revenue and sales, although the project still requires additional approvals. Costco gets early OK from Florida city council for new retail store
• Positive Sentiment: Analysts highlighted Costco’s roughly $21.3 billion liquidity cushion, manageable debt and strong cash flows. That balance-sheet strength gives the company flexibility to fund warehouse expansion, technology investments and shareholder returns. How Costco’s Balance Sheet Gives It an Edge Over Retail Competitors
• Positive Sentiment: Reports point to Costco attracting younger members, potentially improving the company’s customer lifetime value and supporting future membership renewal and spending growth. Costco is getting a new kind of member
• Neutral Sentiment: Erste Group raised its FY2027 EPS forecast modestly to $22.80 and projects $25.01 for FY2028, but the FY2027 estimate remains close to the broader $22.85 consensus for the current fiscal year. Costco earnings estimates
• Neutral Sentiment: A limited-time Häagen-Dazs holiday candy offering exclusive to Costco could support seasonal traffic and member engagement, but it is unlikely to materially affect companywide results. Costco adds exclusive limited-time candy treat
• Negative Sentiment: Costco trades at a lofty earnings multiple, making the stock sensitive to interest rates and any slowdown in sales or membership growth. The 10-year Treasury yield near 5.2% also offers investors substantially more income than Costco’s dividend, reducing the stock’s appeal to yield-focused buyers. Costco Wholesale Stock Loses to 10-Year U.S. Treasury Notes on Yield

Costco Wholesale Company Profile

Costco Wholesale Corporation operates a membership-based warehouse retail business under the Costco name. The company sells a broad selection of merchandise, including groceries, fresh foods, beverages, appliances, electronics, furniture, apparel, jewelry, hardware, and seasonal products. It also offers services such as gasoline, pharmacies, optical departments, hearing-aid centers, food courts, travel services, and business delivery in selected markets.

Costco markets many products under its private-label Kirkland Signature brand and sells merchandise through warehouse locations and e-commerce platforms.