Costco Wholesale Corporation $COST Shares Acquired by Kelleher Financial Advisors

Kelleher Financial Advisors grew its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 162.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,540 shares of the retailer’s stock after acquiring an additional 954 shares during the period. Kelleher Financial Advisors’ holdings in Costco Wholesale were worth $1,440,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in shares of Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after buying an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Costco Wholesale by 13.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after buying an additional 130 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Costco Wholesale by 4.5% in the second quarter. Sivia Capital Partners LLC now owns 3,853 shares of the retailer’s stock worth $3,814,000 after buying an additional 165 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its holdings in Costco Wholesale by 1.1% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 2,110 shares of the retailer’s stock worth $2,089,000 after acquiring an additional 23 shares during the period. Finally, Schnieders Capital Management LLC. raised its position in Costco Wholesale by 2.2% during the second quarter. Schnieders Capital Management LLC. now owns 8,502 shares of the retailer’s stock valued at $8,416,000 after acquiring an additional 182 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Down 0.4%

NASDAQ COST opened at $956.12 on Thursday. The business has a fifty day moving average price of $946.25 and a 200 day moving average price of $980.63. Costco Wholesale Corporation has a one year low of $844.06 and a one year high of $1,096.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 1.07. The company has a market cap of $424.02 billion, a P/E ratio of 48.09, a P/E/G ratio of 4.57 and a beta of 0.87.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $70.12 billion. During the same quarter in the prior year, the firm earned $4.28 earnings per share. Research analysts anticipate that Costco Wholesale Corporation will post 20.42 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, July 24th. Costco Wholesale’s dividend payout ratio is presently 29.58%.

Analysts Set New Price Targets

COST has been the subject of a number of analyst reports. Weiss Ratings downgraded Costco Wholesale from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group lifted their target price on shares of Costco Wholesale from $1,088.00 to $1,159.00 and gave the company a “buy” rating in a report on Friday, May 29th. Truist Financial boosted their target price on shares of Costco Wholesale from $977.00 to $1,011.00 and gave the company a “hold” rating in a research note on Friday, May 29th. Mizuho set a $1,100.00 price target on shares of Costco Wholesale in a report on Monday, June 1st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Costco Wholesale from $1,110.00 to $1,100.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,059.53.

More Costco Wholesale News

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

• Positive Sentiment: Costco’s membership program is being highlighted as an underappreciated growth engine. Recurring membership fees support profitability and customer loyalty, potentially providing a durable catalyst if renewal rates and membership growth remain strong. Costco Has a Secret Growth Engine
• Positive Sentiment: Costco’s partnership with SCAN Health Plan to offer a limited selection of Medicare Advantage and Medicare Supplemental plans gives the retailer a potential new membership and services opportunity. The near-term financial impact is unclear, but the initiative could broaden Costco’s ecosystem and customer reach. Healthcare CEO partnering with Costco outlines Medicare offerings
• Neutral Sentiment: Golden Reserve Retirement increased its Costco position by 133.9%, purchasing 592 additional shares. The investment signals confidence, but the resulting holding of only 1,034 shares is too small to materially affect Costco’s outlook. Golden Reserve increases Costco position
• Neutral Sentiment: Consumer-focused articles highlighting savings, popular products and school snacks reinforce Costco’s value proposition, but they do not provide new financial information likely to move the stock. Coverage also reported zero short interest, though the figures appear incomplete or unreliable.
• Negative Sentiment: Costco is refunding customers for duties it says were unlawfully collected on certain tariffed goods while fighting a related class-action lawsuit. Refund costs, possible legal liabilities and reputational damage could pressure results, although the refunds may help preserve customer trust. Why Is Costco Refunding Tariff Duties?

Insider Activity

In other Costco Wholesale news, Director Kenneth D. Denman sold 885 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total value of $847,343.25. Following the transaction, the director directly owned 4,779 shares in the company, valued at $4,575,653.55. The trade was a 15.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is owned by company insiders.

Costco Wholesale 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.