Costco Wholesale Corporation $COST Stock Sold by Convergence Financial LLC

Convergence Financial LLC decreased its position in Costco Wholesale Corporation (NASDAQ:COST) by 50.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,649 shares of the retailer’s stock after selling 2,677 shares during the quarter. Convergence Financial LLC’s holdings in Costco Wholesale were worth $2,411,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in COST. Conning Inc. lifted its stake in shares of Costco Wholesale by 5.3% in the 3rd quarter. Conning Inc. now owns 6,616 shares of the retailer’s stock valued at $6,023,000 after purchasing an additional 335 shares during the last quarter. AMI Investment Management Inc. acquired a new position in Costco Wholesale during the third quarter worth $266,000. Sigma Investment Counselors Inc. increased its position in Costco Wholesale by 10.1% during the third quarter. Sigma Investment Counselors Inc. now owns 12,996 shares of the retailer’s stock worth $11,831,000 after buying an additional 1,191 shares during the last quarter. Victory Financial Group LLC increased its position in Costco Wholesale by 11.5% during the third quarter. Victory Financial Group LLC now owns 2,491 shares of the retailer’s stock worth $2,268,000 after buying an additional 257 shares during the last quarter. Finally, Great Lakes Retirement Inc. raised its holdings in Costco Wholesale by 3.3% during the third quarter. Great Lakes Retirement Inc. now owns 10,474 shares of the retailer’s stock valued at $9,535,000 after buying an additional 336 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Trending Headlines about Costco Wholesale

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

• Positive Sentiment: Costco expanded its healthcare offering through a NationsBenefits partnership, allowing members to redeem eligible benefits in real time at checkout across more than 600 U.S. warehouses. The initiative could increase member engagement, convenience and store traffic while supporting Costco’s growing healthcare business. Costco brings real-time health benefit checkouts to more than 600 stores
• Positive Sentiment: The retailer opened a new warehouse in Western New York, adding capacity and reinforcing its long-term strategy of expanding its membership base and geographic footprint. Costco opens its doors in Western New York
• Positive Sentiment: Recent coverage highlights Costco’s fifth consecutive earnings beat, strong pharmacy growth and improving digital conversions, including gains from AI-powered website search. Analysts also point to improving technical momentum heading into November. Costco momentum is improving heading into November
• Neutral Sentiment: Promotional offers providing new Gold Star members with a $45 digital Costco Shop Card for a $65 membership may help attract sign-ups, although the near-term effect on revenue and margins is unclear. New Costco Gold Star membership promotion
• Neutral Sentiment: Long-term investment commentary remains broadly bullish, with Costco viewed as a defensive compounder and a potential healthcare or Medicare disrupter. However, these are forward-looking theses rather than new financial guidance.
• Negative Sentiment: Analysts continue to question Costco’s valuation near $1,000 per share, arguing that its premium multiple already reflects substantial growth. Expensive valuation and mixed macroeconomic conditions could pressure the stock if sales or margins merely meet expectations. Costco valuation remains a head scratcher
• Negative Sentiment: Exchange-traded funds were reported as net sellers of COST, creating modest technical pressure. Separately, Costco withdrew an application for a proposed Idaho warehouse, highlighting that expansion plans can face local or regulatory setbacks. Costco sees net ETF selling
• Negative Sentiment: The upcoming $1.47 dividend offers a relatively low yield at Costco’s current share price, limiting its appeal to income-focused investors and reducing support from dividend-driven buying.

Analyst Ratings Changes

COST has been the subject of a number of analyst reports. Truist Financial reduced their price target on Costco Wholesale from $1,011.00 to $955.00 and set a “hold” rating for the company in a research report on Friday, September 25th. Mizuho lowered their price objective on 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. Wells Fargo & Company lowered their price objective on Costco Wholesale from $1,000.00 to $950.00 and set an “equal weight” rating on the stock in a report on Friday, September 25th. TD Cowen reissued a “buy” rating on shares of Costco Wholesale in a research note on Friday, September 25th. Finally, Sanford C. Bernstein reduced their target price on Costco Wholesale from $1,144.00 to $1,143.00 and set an “outperform” rating for the company in a report on Friday, September 25th. Twenty-five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $1,086.19.

Costco Wholesale Stock Down 0.9%

COST stock opened at $982.73 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.06 and a quick ratio of 0.62. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week high of $1,096.50. The company has a 50-day moving average of $940.95 and a two-hundred day moving average of $969.55. The stock has a market capitalization of $435.48 billion, a price-to-earnings ratio of 47.34, a price-to-earnings-growth ratio of 4.29 and a beta of 0.88.

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, beating the consensus estimate of $6.54 by $0.21. The company had revenue of $95.72 billion for the quarter, compared to the consensus estimate of $94.97 billion. Costco Wholesale had a return on equity of 27.60% and a net margin of 3.04%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business posted $5.87 earnings per share. As a group, equities research analysts anticipate that Costco Wholesale Corporation will post 22.70 EPS for the current year.

Costco Wholesale Announces Dividend

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

Insider Activity at Costco Wholesale

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

Costco Wholesale Profile

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.