Costco Wholesale Corporation $COST Stock: Summit Wealth Group LLC Co. Increases Stake

Summit Wealth Group LLC Co. lifted its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 546.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,436 shares of the retailer’s stock after purchasing an additional 9,668 shares during the quarter. Costco Wholesale makes up about 0.7% of Summit Wealth Group LLC Co.’s investment portfolio, making the stock its 25th largest position. Summit Wealth Group LLC Co.’s holdings in Costco Wholesale were worth $10,410,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE acquired a new stake in Costco Wholesale during the second quarter worth $6,781,946,000. State Street Corp grew its holdings in shares of Costco Wholesale by 31.7% in the 2nd quarter. State Street Corp now owns 23,901,594 shares of the retailer’s stock worth $22,359,224,000 after purchasing an additional 5,749,362 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Costco Wholesale during the 2nd quarter worth about $2,362,188,000. Ascentis Wealth Management LLC lifted its holdings in Costco Wholesale by 103,637.0% during the 2nd quarter. Ascentis Wealth Management LLC now owns 2,500,062 shares of the retailer’s stock valued at $2,549,616,000 after purchasing an additional 2,497,652 shares during the last quarter. Finally, Corient Private Wealth LP bought a new position in Costco Wholesale during the 2nd quarter valued at about $726,689,000. 68.48% of the stock is currently owned by institutional investors.

Trending Headlines about Costco Wholesale

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

• Positive Sentiment: Costco received approval to build a warehouse at Seacoast Landing in Newington, New Hampshire, with an opening targeted for 2027. The new location should expand Costco’s store base and provide a long-term source of membership and sales growth. Costco gets approval to build at Seacoast Landing
• Positive Sentiment: Expansion through DoorDash and Uber Eats could generate incremental sales, attract younger shoppers and strengthen Costco’s digital presence without materially reducing warehouse traffic. Costco DoorDash and Uber Eats expansion
• Positive Sentiment: Costco and Walmart are gaining grocery market share as consumers increasingly seek value amid higher household costs. This reinforces Costco’s competitive positioning and could support comparable sales and membership retention. Walmart and Costco gaining grocery market share
• Neutral Sentiment: Costco is scheduled to pay its final quarterly dividend of 2026 on November 13, providing a predictable shareholder return but adding little new information about the company’s growth outlook. Costco dividend payment
• Neutral Sentiment: Costco and other companies objected to OKXICE’s proposed tokenized-stock trading platform. The move protects the company’s branding and shareholder rights but is unlikely to affect near-term earnings. Companies oppose OKXICE tokenized stocks plan
• Neutral Sentiment: Articles discussing a possible stock split emphasize that Costco has rarely split its shares and may not do so in 2027. A split would not change underlying value, while the stock’s high valuation leaves less room for execution disappointments. Costco stock split outlook
• Negative Sentiment: Exchange-traded funds were net sellers of approximately $75.6 million of COST shares on October 29, indicating some institutional profit-taking and creating modest short-term selling pressure. ETFs are net sellers of Costco

Wall Street Analysts Forecast Growth

COST has been the topic of several research analyst reports. DA Davidson upped their price objective on shares of Costco Wholesale from $1,000.00 to $1,040.00 and gave the stock a “neutral” rating in a research note on Friday, September 25th. Wells Fargo & Company cut their target price on shares of Costco Wholesale from $1,000.00 to $950.00 and set an “equal weight” rating for the company in a research note on Friday, September 25th. Guggenheim reissued a “neutral” rating on shares of Costco Wholesale in a report on Monday, September 28th. Evercore restated an “outperform” rating on shares of Costco Wholesale in a research report on Tuesday, September 22nd. Finally, Roth Capital reaffirmed a “sell” rating and set a $781.00 price target on shares of Costco Wholesale in a report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,086.19.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP William Richard Wilcox sold 1,100 shares of the 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 transaction, the executive vice president directly owned 3,094 shares in the company, valued at approximately $2,964,701.74. This trade represents a 26.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Claudine Adamo sold 2,200 shares of Costco Wholesale 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 directly owned 7,134 shares of the company’s stock, valued at $6,534,244.62. This trade represents a 23.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by corporate insiders.

Costco Wholesale Trading Up 2.8%

Shares of NASDAQ COST opened at $1,040.55 on Tuesday. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,096.50. The company has a 50-day moving average of $945.16 and a two-hundred day moving average of $970.75. The company has a market cap of $461.10 billion, a PE ratio of 50.12, a P/E/G ratio of 4.20 and a beta of 0.88. The company has a current ratio of 1.06, a quick ratio of 0.62 and a debt-to-equity ratio of 0.11.

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

Costco Wholesale Dividend Announcement

The business 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 $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, October 30th. Costco Wholesale’s payout ratio is 28.32%.

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.