23,518 Costco Wholesale Corporation $COST Shares Sold by Investment House LLC

Investment House LLC decreased its position in Costco Wholesale Corporation (NASDAQ:COST) by 37.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,755 shares of the retailer’s stock after selling 23,518 shares during the period. Costco Wholesale accounts for 1.5% of Investment House LLC’s investment portfolio, making the stock its 11th biggest holding. Investment House LLC’s holdings in Costco Wholesale were worth $35,281,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. grew its holdings in shares of Costco Wholesale by 107.7% in the third quarter. Contravisory Investment Management Inc. now owns 27 shares of the retailer’s stock valued at $25,000 after acquiring an additional 14 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Costco Wholesale during the second quarter valued at approximately $28,000. Burk Holdings LLC purchased a new stake in shares of Costco Wholesale during the second quarter valued at approximately $30,000. Manning & Napier Advisors LLC purchased a new stake in shares of Costco Wholesale during the second quarter valued at approximately $30,000. Finally, Bullseye Investment Management LLC bought a new stake in Costco Wholesale during the second quarter worth $35,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale News Roundup

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

• Positive Sentiment: Analyst support remains strong. CICC initiated coverage with an Outperform rating, while Tigress Financial raised its price target to $1,250. Erste Group also increased its FY2028 EPS estimate to $25.07 from $25.01, above the current-year consensus estimate of $22.70. CICC coverage article Tigress Financial price target article
• Positive Sentiment: Growth and customer engagement remain key positives. Costco’s membership model has delivered substantial long-term shareholder returns, and the company is reportedly using purchasing data to better target high-spending members. REJURAN Cosmetics is also expanding through Costco’s first Beauty Table program, potentially adding traffic and broadening its premium beauty offering. Costco customer spending article REJURAN retail expansion article
• Neutral Sentiment: Long-term growth screens are favorable, and analysts’ average recommendation is equivalent to a Buy. However, these reports largely reiterate existing optimism rather than provide a new earnings catalyst. Zacks growth stock article
• Negative Sentiment: Valuation and competition remain concerns. Costco trades at a high earnings multiple, leaving the stock sensitive to profit-taking or disappointing growth. Kroger is planning major investments and price cuts to win back market share from Costco and Walmart, which could intensify grocery competition and pressure margins. Kroger competition article

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP William Richard Wilcox sold 1,100 shares of the firm’s stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $958.21, for a total value of $1,054,031.00. Following the completion of the sale, the executive vice president directly owned 3,094 shares of the company’s stock, valued at $2,964,701.74. This trade represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Claudine Adamo sold 2,200 shares of the business’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $915.93, for a total value of $2,015,046.00. Following the completion of the sale, the executive vice president owned 7,134 shares in the company, valued at approximately $6,534,244.62. The trade was a 23.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. BMO Capital Markets reissued an “outperform” rating on shares of Costco Wholesale in a research report on Friday, September 25th. Royal Bank Of Canada restated a “sector perform” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a research note on Friday, October 9th. Tigress Financial raised their target price on Costco Wholesale from $1,065.00 to $1,250.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. CICC Research started coverage on Costco Wholesale in a research note on Wednesday. They set an “outperform” rating and a $1,050.00 target price on the stock. Finally, Truist Financial lowered their target price on Costco Wholesale from $1,011.00 to $955.00 and set a “hold” rating on the stock in a research note on Friday, September 25th. Twenty-five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,086.19.

Costco Wholesale Stock Down 1.5%

Costco Wholesale stock opened at $1,003.32 on Friday. Costco Wholesale Corporation has a twelve month low of $844.06 and a twelve month high of $1,096.50. The firm has a 50 day moving average price of $937.96 and a 200-day moving average price of $963.21. The company has a market capitalization of $444.60 billion, a P/E ratio of 48.33, a P/E/G ratio of 4.35 and a beta of 0.88. The company has a quick ratio of 0.62, a current ratio of 1.06 and a debt-to-equity ratio of 0.11.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 24th. The retailer reported $6.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.54 by $0.21. The company had revenue of $95.72 billion during the quarter, compared to analyst estimates of $94.97 billion. Costco Wholesale had a net margin of 3.04% and a return on equity of 27.60%. Costco Wholesale’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $5.87 EPS. As a group, equities analysts predict that Costco Wholesale Corporation will post 22.70 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, October 30th. Costco Wholesale’s dividend payout ratio is 28.32%.

About Costco Wholesale

Costco Wholesale Corporation operates a membership-based warehouse retail business under the Costco name. The company sells merchandise in bulk and at competitive prices through warehouse clubs and e-commerce platforms, serving individual consumers, businesses and other organizations.

Its product selection includes groceries and fresh foods, household supplies, appliances, electronics, furniture, apparel, health and beauty products, jewelry, automotive products and prescription drugs. Costco also provides services such as optical care, pharmacy services, hearing-aid sales, travel offerings and fuel sales, depending on location.

The company traces its roots to Price Club, which opened in San Diego in 1976.