Generate Investment Management Ltd Invests $608,000 in Costco Wholesale Corporation $COST

Generate Investment Management Ltd bought a new position in shares of Costco Wholesale Corporation (NASDAQ:COST) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 610 shares of the retailer’s stock, valued at approximately $608,000.

Several other hedge funds have also modified their holdings of the business. Clark Asset Management LLC lifted its holdings in Costco Wholesale by 22.0% in the first quarter. Clark Asset Management LLC now owns 966 shares of the retailer’s stock valued at $963,000 after acquiring an additional 174 shares during the period. Roble Belko & Company Inc boosted its position in shares of Costco Wholesale by 10.6% during the 1st quarter. Roble Belko & Company Inc now owns 136 shares of the retailer’s stock worth $136,000 after purchasing an additional 13 shares in the last quarter. OxenFree Capital LLC grew its stake in shares of Costco Wholesale by 7.8% during the 1st quarter. OxenFree Capital LLC now owns 358 shares of the retailer’s stock worth $353,000 after purchasing an additional 26 shares during the period. Tactive Advisors LLC grew its stake in shares of Costco Wholesale by 7.1% during the 1st quarter. Tactive Advisors LLC now owns 876 shares of the retailer’s stock worth $873,000 after purchasing an additional 58 shares during the period. Finally, Capstone Wealth Management Group LLC increased its holdings in shares of Costco Wholesale by 50.7% in the 4th quarter. Capstone Wealth Management Group LLC now owns 737 shares of the retailer’s stock valued at $636,000 after purchasing an additional 248 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale News Summary

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

• Positive Sentiment: Analysts and market commentary said Costco’s membership model looks even stronger, citing higher renewal rates, executive upgrades, and solid fee income growth that point to durable customer loyalty and steady recurring revenue. Is Costco Wholesale’s Membership Model Getting Even Stronger?
• Positive Sentiment: Higher fuel prices may be sending more shoppers to Costco gas stations, which can increase in-store traffic and support a spillover lift in merchandise sales. 1 Big Catalyst for Costco Stock Right Now
• Positive Sentiment: One article argued that Costco’s low-price model can remain resilient even if the Fed keeps rates elevated, because value-oriented shopping tends to hold up well in inflationary periods. 1 Reason Why the Fed’s Decision to Keep Interest Rates Steady Is No Match for Costco Stock
• Neutral Sentiment: Costco is also getting attention as a potential beneficiary of heavy summer spending and online competition, but the articles focus more on Amazon’s Prime Day and broader retail activity than on a direct new catalyst for Costco. Amazon’s Prime Day sale could spur $26.3B in US e-commerce
• Neutral Sentiment: There was also chatter about Costco’s CFO and the timing of a possible special dividend, but the discussion did not confirm any new payout decision, so it is more of a speculation-driven headline than a clear catalyst. Costco’s CFO just answered the special-dividend question
• Negative Sentiment: One report noted that some Costco members are raising inventory complaints, which could hint at occasional merchandising or availability issues that may frustrate shoppers. Costco members voice surprising inventory complaint
• Negative Sentiment: A Fortune report said quartz countertop fabrication has caused serious lung disease among workers, including in jobs tied to Costco kitchens, which could add reputational or legal pressure. Your quartz countertop is the new asbestos — for the workers who cut it

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on COST shares. TD Cowen reiterated a “buy” rating and set a $1,175.00 price target on shares of Costco Wholesale in a research report on Wednesday, June 3rd. Guggenheim restated a “neutral” rating on shares of Costco Wholesale in a report on Monday, June 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,050.00 price objective on shares of Costco Wholesale in a research note on Thursday, March 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on Costco Wholesale from $1,104.00 to $1,106.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, UBS Group boosted their target price on Costco Wholesale from $1,205.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,061.45.

Costco Wholesale Stock Down 0.0%

Shares of NASDAQ:COST opened at $951.35 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week high of $1,096.50. The stock’s fifty day simple moving average is $998.58 and its 200-day simple moving average is $969.62. The company has a market capitalization of $421.90 billion, a P/E ratio of 47.85, a P/E/G ratio of 4.61 and a beta of 0.88.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 EPS for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.The company had revenue of $70.53 billion for the quarter, compared to analysts’ expectations of $70.12 billion. During the same quarter in the prior year, the business posted $4.28 EPS. As a group, equities research analysts forecast that Costco Wholesale Corporation will post 20.38 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a dividend of $1.47 per share. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.30. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 1st. Costco Wholesale’s payout ratio is 29.58%.

Costco Wholesale Company Profile

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.