D.A. Davidson & CO. Acquires 994 Shares of Costco Wholesale Corporation $COST

D.A. Davidson & CO. raised its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 189,386 shares of the retailer’s stock after purchasing an additional 994 shares during the quarter. Costco Wholesale accounts for 1.1% of D.A. Davidson & CO.’s portfolio, making the stock its 12th largest holding. D.A. Davidson & CO.’s holdings in Costco Wholesale were worth $188,711,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in 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 purchasing an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Costco Wholesale by 13.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after buying an additional 130 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Costco Wholesale by 4.5% during 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 stake 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 buying an additional 23 shares during the last quarter. Finally, Schnieders Capital Management LLC. increased its holdings in shares of Costco Wholesale by 2.2% during the second quarter. Schnieders Capital Management LLC. now owns 8,502 shares of the retailer’s stock worth $8,416,000 after buying an additional 182 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Kenneth D. Denman sold 885 shares of Costco Wholesale stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total value of $847,343.25. Following the completion of the sale, the director directly owned 4,779 shares in the company, valued at $4,575,653.55. This trade represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by insiders.

Key Stories Impacting Costco Wholesale

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

• Positive Sentiment: Costco’s launch of Borealis Foods’ Chef Woo high-protein noodles is drawing strong early member demand, highlighting Costco’s ability to quickly scale trending, health-oriented products and support traffic in its warehouses. Borealis Foods Expands Access to Protein-Rich Chef Woo Noodles Through Costco
• Positive Sentiment: Another report says Costco will open seven new warehouse locations in August, reinforcing the company’s steady expansion strategy and long-term membership growth potential. Costco announces 7 new warehouse locations to open in August
• Positive Sentiment: Royal Bank of Canada initiated coverage with a $1,000 price target, signaling Wall Street still sees upside from current levels despite recent weakness. Costco Wholesale is now covered by Royal Bank Of Canada
• Neutral Sentiment: Several commentary pieces focused on Costco’s dividend, valuation, and reputation as a defensive retailer; these are supportive of the investment case, but they do not appear to be immediate stock-moving catalysts. Here’s How Many Shares of Costco Stock You’d Need for $1,000 in Yearly Dividends
• Neutral Sentiment: Other articles praised Costco’s resilience in uncertain consumer conditions and its success in international markets, but these were mainly background/analyst commentary rather than new fundamental developments. Casey’s, Costco, and Other Consumer Stocks for Uncertain Times
• Negative Sentiment: Some coverage noted Costco’s stock has been weak recently and that investors are questioning whether the dip is a buying opportunity, which can keep sentiment cautious in the near term. Costco Stock: Buy the Dip?

Costco Wholesale Stock Down 0.6%

NASDAQ:COST opened at $916.54 on Thursday. The stock’s fifty day moving average price is $978.42 and its two-hundred day moving average price is $977.29. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week 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 $406.47 billion, a price-to-earnings ratio of 46.10, a P/E/G ratio of 4.46 and a beta of 0.88.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, May 28th. The retailer reported $4.93 EPS for the quarter, missing the consensus estimate of $4.94 by ($0.01). The firm had revenue of $70.53 billion during the quarter, compared to analyst estimates of $70.12 billion. Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. During the same period last year, the business posted $4.28 earnings per share. On average, analysts anticipate that Costco Wholesale Corporation will post 20.38 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be issued a $1.47 dividend. The ex-dividend date is Friday, July 24th. This represents a $5.88 annualized dividend and a yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is currently 29.58%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Costco Wholesale from $1,110.00 to $1,100.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Bank of America increased their price target on Costco Wholesale from $1,185.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on Costco Wholesale from $1,104.00 to $1,106.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Citigroup started coverage on Costco Wholesale in a research note on Thursday, June 18th. They issued a “neutral” rating and a $1,020.00 price objective on the stock. Finally, The Goldman Sachs Group increased their target price on Costco Wholesale from $1,088.00 to $1,159.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Twenty-two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,059.07.

About Costco Wholesale

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.