9,668 Costco Wholesale Corporation $COST Shares Purchased by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. raised its stake in Costco Wholesale Corporation (NASDAQ:COST) by 546.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,436 shares of the retailer’s stock after buying an additional 9,668 shares during the quarter. Costco Wholesale accounts for about 0.7% of Summit Wealth Group LLC Co.’s holdings, making the stock its 25th biggest position. Summit Wealth Group LLC Co.’s holdings in Costco Wholesale were worth $10,410,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in COST. Sarasin & Partners LLP increased its position in Costco Wholesale by 6.9% in the 2nd quarter. Sarasin & Partners LLP now owns 214,194 shares of the retailer’s stock worth $200,372,000 after purchasing an additional 13,795 shares during the last quarter. Silvant Capital Management LLC acquired a new stake in shares of Costco Wholesale during the 2nd quarter valued at about $16,013,000. Nissay Asset Management Corp Japan lifted its holdings in shares of Costco Wholesale by 4.1% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 158,416 shares of the retailer’s stock valued at $148,193,000 after buying an additional 6,200 shares during the last quarter. Hyperion Asset Management Ltd grew its stake in shares of Costco Wholesale by 9.0% in the 2nd quarter. Hyperion Asset Management Ltd now owns 68,762 shares of the retailer’s stock valued at $64,325,000 after buying an additional 5,656 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in shares of Costco Wholesale by 15.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 22,766 shares of the retailer’s stock valued at $21,297,000 after buying an additional 2,974 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale News Roundup

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

• Positive Sentiment: Costco received approval to build a warehouse at Seacoast Landing in Newington, New Hampshire, with an opening targeted for 2027. The new location should expand Costco’s store base and provide a long-term source of membership and sales growth. Costco gets approval to build at Seacoast Landing
• Positive Sentiment: Expansion through DoorDash and Uber Eats could generate incremental sales, attract younger shoppers and strengthen Costco’s digital presence without materially reducing warehouse traffic. Costco DoorDash and Uber Eats expansion
• Positive Sentiment: Costco and Walmart are gaining grocery market share as consumers increasingly seek value amid higher household costs. This reinforces Costco’s competitive positioning and could support comparable sales and membership retention. Walmart and Costco gaining grocery market share
• Neutral Sentiment: Costco is scheduled to pay its final quarterly dividend of 2026 on November 13, providing a predictable shareholder return but adding little new information about the company’s growth outlook. Costco dividend payment
• Neutral Sentiment: Costco and other companies objected to OKXICE’s proposed tokenized-stock trading platform. The move protects the company’s branding and shareholder rights but is unlikely to affect near-term earnings. Companies oppose OKXICE tokenized stocks plan
• Neutral Sentiment: Articles discussing a possible stock split emphasize that Costco has rarely split its shares and may not do so in 2027. A split would not change underlying value, while the stock’s high valuation leaves less room for execution disappointments. Costco stock split outlook
• Negative Sentiment: Exchange-traded funds were net sellers of approximately $75.6 million of COST shares on October 29, indicating some institutional profit-taking and creating modest short-term selling pressure. ETFs are net sellers of Costco

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Robert W. Baird set a $1,175.00 price objective on Costco Wholesale in a report on Friday, September 25th. Wells Fargo & Company decreased their target price on shares of Costco Wholesale from $1,000.00 to $950.00 and set an “equal weight” rating for the company in a research report on Friday, September 25th. Argus restated a “buy” rating and set a $1,230.00 price target on shares of Costco Wholesale in a research note on Monday, September 28th. Weiss Ratings upgraded shares of Costco Wholesale from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Costco Wholesale from $1,091.00 to $1,079.00 and set a “buy” rating on the stock in a report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,086.19.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $1,040.55 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.62 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $945.16 and a 200-day simple moving average of $970.75. The stock has a market capitalization of $461.10 billion, a price-to-earnings ratio of 50.12, a PEG ratio of 4.20 and a beta of 0.88. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,096.50.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 24th. The retailer reported $6.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.54 by $0.21. Costco Wholesale had a net margin of 3.04% and a return on equity of 27.60%. The business had revenue of $95.72 billion for the quarter, compared to analyst estimates of $94.97 billion. During the same period last year, the business posted $5.87 EPS. Costco Wholesale’s revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts expect that Costco Wholesale Corporation will post 22.70 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued 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 yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is 28.32%.

Insider Activity at Costco Wholesale

In other news, EVP Claudine Adamo sold 2,200 shares of the stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $915.93, for a total value of $2,015,046.00. Following the completion of the sale, the executive vice president directly owned 7,134 shares of the company’s stock, valued at approximately $6,534,244.62. This represents a 23.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William Richard Wilcox sold 1,100 shares of the firm’s stock in a transaction on 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 completion of the sale, the executive vice president owned 3,094 shares in the company, valued at approximately $2,964,701.74. The trade was a 26.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

Costco Wholesale Profile

Costco Wholesale Corporation operates a membership-based warehouse retail business under the Costco name. The company sells merchandise in bulk and at competitive prices through warehouse clubs and e-commerce platforms, serving individual consumers, businesses and other organizations.

Its product selection includes groceries and fresh foods, household supplies, appliances, electronics, furniture, apparel, health and beauty products, jewelry, automotive products and prescription drugs. Costco also provides services such as optical care, pharmacy services, hearing-aid sales, travel offerings and fuel sales, depending on location.

The company traces its roots to Price Club, which opened in San Diego in 1976.