Triangle Securities Wealth Management Buys 2,609 Shares of Costco Wholesale Corporation $COST

Triangle Securities Wealth Management lifted its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 126.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,674 shares of the retailer’s stock after purchasing an additional 2,609 shares during the period. Triangle Securities Wealth Management’s holdings in Costco Wholesale were worth $4,255,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Mather Group LLC. raised its stake in Costco Wholesale by 7.8% in the 3rd quarter. Mather Group LLC. now owns 9,823 shares of the retailer’s stock valued at $8,942,000 after purchasing an additional 707 shares during the last quarter. West Wealth Group LLC lifted its holdings in Costco Wholesale by 2,331.9% in the 3rd quarter. West Wealth Group LLC now owns 18,896 shares of the retailer’s stock valued at $17,202,000 after purchasing an additional 18,119 shares in the last quarter. Reliant Investment Management LLC purchased a new position in Costco Wholesale in the 3rd quarter valued at $24,042,000. Fortitude Family Office LLC lifted its holdings in Costco Wholesale by 7.9% in the 3rd quarter. Fortitude Family Office LLC now owns 1,500 shares of the retailer’s stock valued at $1,301,000 after purchasing an additional 110 shares in the last quarter. Finally, Strategy Asset Managers LLC boosted its stake in Costco Wholesale by 6.5% during the 3rd quarter. Strategy Asset Managers LLC now owns 3,474 shares of the retailer’s stock worth $3,162,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale News Summary

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

• Positive Sentiment: Defensive-sector rotation: Higher inflation prompted investors to move toward companies selling everyday necessities. Costco benefited alongside Walmart and Target as a perceived defensive retailer. Walmart Advances as Inflation Data Sends Money Into Defensives
• Positive Sentiment: Strong September sales momentum: Costco reported September net sales of $30.02 billion, up 13% year over year, while digitally enabled sales rose 19%. The figures reinforce the strength of its membership, value-focused pricing and e-commerce operations. Costco September Sales Jump and Faster Digital Growth
• Positive Sentiment: Dividend declared: Costco’s board approved a quarterly cash dividend of $1.47 per share, payable November 13 to shareholders of record October 30. The payout provides a modest shareholder return and signals continued confidence in cash generation. Costco Announces Quarterly Cash Dividend
• Positive Sentiment: Expansion and balance-sheet support: Analysts highlighted Costco’s approximately $21.3 billion liquidity cushion, manageable debt and robust cash flows as advantages for funding new warehouses and digital investments. A Florida city council also gave an early approval for a new store. How Costco’s Balance Sheet Gives It an Edge
• Positive Sentiment: Positive earnings expectations: Erste Group raised its FY2027 EPS forecast to $22.80 from $22.67 and expects $25.01 for FY2028, modestly above the company’s current-year consensus outlook. Costco analyst estimates
• Neutral Sentiment: Articles highlighting Costco’s influence on home-buying decisions, younger membership growth and exclusive seasonal products reinforce brand engagement but are unlikely to materially change near-term earnings expectations. Inside the Costco Effect
• Negative Sentiment: Costco continues to trade at a demanding valuation, with a high price-to-earnings multiple. That leaves COST vulnerable if sales growth, membership trends or consumer spending weaken.

Insiders Place Their Bets

In related news, EVP Claudine Adamo sold 2,200 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $915.93, for a total transaction of $2,015,046.00. Following the completion of the sale, the executive vice president directly owned 7,134 shares in the company, valued at approximately $6,534,244.62. This trade represents a 23.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William Richard Wilcox sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $958.21, for a total transaction of $1,054,031.00. Following the sale, the executive vice president owned 3,094 shares of the company’s stock, valued at approximately $2,964,701.74. The trade was a 26.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by company insiders.

Costco Wholesale Price Performance

NASDAQ:COST opened at $982.00 on Thursday. 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 0.11, a quick ratio of 0.62 and a current ratio of 1.06. The stock has a market cap of $435.15 billion, a PE ratio of 47.30, a P/E/G ratio of 4.08 and a beta of 0.88. The stock has a 50 day moving average price of $931.75 and a 200 day moving average price of $963.13.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 24th. The retailer reported $6.75 EPS for the quarter, topping analysts’ consensus estimates of $6.54 by $0.21. The firm had revenue of $95.72 billion for the quarter, compared to the consensus estimate of $94.97 billion. Costco Wholesale had a return on equity of 27.60% and a net margin of 3.04%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $5.87 earnings per share. Equities research analysts expect that Costco Wholesale Corporation will post 22.70 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is 28.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on COST shares. Citigroup assumed coverage on shares of Costco Wholesale in a research note on Thursday, June 18th. They set a “neutral” rating and a $1,020.00 target price on the stock. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale in a research report on Monday, September 28th. TD Cowen reissued a “buy” rating on shares of Costco Wholesale in a research note on Friday, September 25th. Evercore restated an “outperform” rating on shares of Costco Wholesale in a research report on Tuesday, September 22nd. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $1,000.00 price target on shares of Costco Wholesale in a research report on Friday, October 9th. Twenty-three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,081.79.

About Costco Wholesale

Costco Wholesale Corporation operates a membership-based warehouse retail business under the Costco name. The company sells a broad selection of merchandise, including groceries, fresh foods, beverages, appliances, electronics, furniture, apparel, jewelry, hardware, and seasonal products. It also offers services such as gasoline, pharmacies, optical departments, hearing-aid centers, food courts, travel services, and business delivery in selected markets.

Costco markets many products under its private-label Kirkland Signature brand and sells merchandise through warehouse locations and e-commerce platforms.