MGO One Seven LLC Boosts Position in Costco Wholesale Corporation $COST

MGO One Seven LLC raised its position in Costco Wholesale Corporation (NASDAQ:COST) by 13.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,412 shares of the retailer’s stock after acquiring an additional 2,064 shares during the quarter. MGO One Seven LLC’s holdings in Costco Wholesale were worth $16,289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Garde Capital Inc. grew its stake in shares of Costco Wholesale by 0.3% during the 2nd quarter. Garde Capital Inc. now owns 4,213 shares of the retailer’s stock valued at $3,942,000 after purchasing an additional 12 shares during the period. Natural Investments LLC lifted its stake in shares of Costco Wholesale by 24.0% in the 2nd quarter. Natural Investments LLC now owns 4,144 shares of the retailer’s stock worth $3,876,000 after purchasing an additional 803 shares during the period. Payden & Rygel lifted its stake in shares of Costco Wholesale by 1,006.7% in the 2nd quarter. Payden & Rygel now owns 9,960 shares of the retailer’s stock worth $9,317,000 after purchasing an additional 9,060 shares during the period. Ascent Wealth Partners LLC boosted its holdings in shares of Costco Wholesale by 1.8% in the second quarter. Ascent Wealth Partners LLC now owns 5,451 shares of the retailer’s stock worth $5,099,000 after buying an additional 95 shares during the last quarter. Finally, Diversified Enterprises LLC boosted its holdings in shares of Costco Wholesale by 0.4% in the second quarter. Diversified Enterprises LLC now owns 3,644 shares of the retailer’s stock worth $3,409,000 after buying an additional 16 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale News Summary

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

• Positive Sentiment: Medicare expansion creates a new growth opportunity. Costco is partnering with nonprofit insurer SCAN Group to offer limited Costco-branded Medicare Advantage and supplemental plans, initially in select states. The initiative targets Costco’s sizable senior-member base and gives the retailer exposure to the large Medicare market, although the financial contribution is likely to develop gradually. Costco Enters The Medicare Insurance Market
• Positive Sentiment: Costco increased its dividend by 13.1%. The raise signals confidence in cash generation and strengthens the shareholder-return case, though the regular dividend yield remains relatively modest because of COST’s high share price. Costco Just Upped Its Dividend by 13.1%
• Positive Sentiment: Additional growth engines are emerging. Analysts point to Costco’s membership model, Kirkland Signature products, retail media, artificial-intelligence-powered search and pharmacy operations as areas that could support growth beyond warehouse sales. Costco Is Quietly Building Its Next Big Growth Engine
• Neutral Sentiment: Product news is likely to have limited stock impact. Costco brought back a popular discontinued item, which may support member engagement but is not material to companywide earnings. Costco Brought Back a Popular Favorite
• Negative Sentiment: Valuation and retail concerns are weighing on the shares. COST trades at a high earnings multiple, leaving less room for execution disappointments. Its latest quarterly EPS narrowly missed estimates despite revenue exceeding expectations, while the stock declined more than the broader market in the latest session. Why Costco Fell More Than the Broader Market

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group upped their target price on shares of Costco Wholesale from $1,205.00 to $1,275.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Mizuho set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, June 1st. BTIG Research restated a “buy” rating and issued a $1,125.00 price objective on shares of Costco Wholesale in a research note on Friday, May 29th. Royal Bank Of Canada began coverage on Costco Wholesale in a report on Monday, July 13th. They issued a “sector perform” rating and a $1,000.00 target price on the stock. Finally, Bank of America lifted their target price on Costco Wholesale from $1,185.00 to $1,200.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $1,059.53.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, Director Kenneth D. Denman sold 885 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total transaction of $847,343.25. Following the sale, the director directly owned 4,779 shares of the company’s stock, valued at $4,575,653.55. This trade represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $933.51 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.61. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,096.50. The company has a market capitalization of $413.99 billion, a P/E ratio of 46.96, a P/E/G ratio of 4.55 and a beta of 0.87. The firm’s 50 day simple moving average is $947.83 and its two-hundred day simple moving average is $981.19.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). The firm had revenue of $70.53 billion during the quarter, compared to analysts’ expectations of $70.12 billion. Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.During the same period last year, the company earned $4.28 earnings per share. Research analysts expect that Costco Wholesale Corporation will post 20.42 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

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

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.