Costco Wholesale Corporation $COST Stock Position Lifted by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC boosted its stake in Costco Wholesale Corporation (NASDAQ:COST) by 12.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,631 shares of the retailer’s stock after buying an additional 616 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Costco Wholesale were worth $5,611,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of COST. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Costco Wholesale in the fourth quarter worth $27,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Costco Wholesale during the fourth quarter worth $28,000. Lifetime Wealth Management P.C. acquired a new stake in Costco Wholesale during the fourth quarter valued at $28,000. Entrust Financial LLC acquired a new stake in Costco Wholesale during the fourth quarter valued at $31,000. Finally, Joseph Group Capital Management purchased a new position in Costco Wholesale in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Trending Headlines about Costco Wholesale

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

• Positive Sentiment: Wall Street analysts are described as increasingly optimistic on Costco, which can support the stock by reinforcing the market’s view that the company still deserves a premium valuation. Is Costco (COST) a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Several articles highlight Costco as a durable long-term compounder and a resilient business, suggesting investors continue to favor its defensive model and steady membership-driven cash flow. Costco Wholesale Corporation (COST) Benefits from Investors’ Focus on Resilient Businesses
• Positive Sentiment: Costco’s move to build a retail media business with Google Commerce Media and YouTube could open a new high-margin revenue stream, which investors may view as a meaningful growth lever. Can Costco Stock Build a Meaningful Retail Media Business?
• Positive Sentiment: Coverage suggesting Costco is benefiting from investor preference for resilient consumer businesses may help the stock if the market remains focused on defensive retail names amid economic uncertainty. Is Costco Wholesale Corporation (COST) a Durable Long-Term Compounder?
• Neutral Sentiment: Multiple stories comparing Costco with Walmart and other retail peers keep the stock in focus, but these pieces are more discussion-oriented than company-specific catalysts. Costco vs Walmart: What’s the Better Retail Stock to Buy Right Now?
• Neutral Sentiment: Articles about Costco’s famous hot dog, food-court franks, and milk are largely consumer-interest pieces and are unlikely to materially affect the stock. Are Costco’s famous food court franks available for bulk purchase?
• Negative Sentiment: Some commentary argues Costco’s valuation leaves limited upside versus cheaper alternatives, which could weigh on sentiment if investors become more valuation-sensitive. When I Try to Imagine the Best Investment Opportunity for the Next 10 Years, Costco Stock Just Doesn’t Make the Cut. That’s Why I Keep Coming Back to This Stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on COST shares. DA Davidson reaffirmed a “neutral” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a research report on Thursday, June 4th. Truist Financial lifted their price target on Costco Wholesale from $977.00 to $1,011.00 and gave the company a “hold” rating in a report on Friday, May 29th. Sanford C. Bernstein boosted their price target on Costco Wholesale from $1,192.00 to $1,194.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Wells Fargo & Company increased their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. Finally, BTIG Research reaffirmed a “buy” rating and set a $1,125.00 price objective on shares of Costco Wholesale in a research report on Friday, May 29th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,061.45.

Costco Wholesale Stock Performance

NASDAQ:COST traded up $2.90 during midday trading on Tuesday, reaching $953.15. The stock had a trading volume of 614,648 shares, compared to its average volume of 2,230,827. The stock has a market capitalization of $422.70 billion, a P/E ratio of 47.84, a PEG ratio of 4.61 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. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.61. The firm’s fifty day simple moving average is $990.38 and its 200-day simple moving average is $973.36.

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

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, May 1st. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.30. Costco Wholesale’s dividend payout ratio is currently 29.58%.

Insiders Place Their Bets

In other Costco Wholesale news, Director Kenneth D. Denman sold 885 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total value of $847,343.25. Following the sale, the director owned 4,779 shares of the company’s stock, valued at $4,575,653.55. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by insiders.

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.