Harvest Fund Management Co. Ltd Has $34.69 Million Stake in Costco Wholesale Corporation $COST

Harvest Fund Management Co. Ltd increased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,234 shares of the retailer’s stock after purchasing an additional 5,040 shares during the quarter. Costco Wholesale comprises about 1.3% of Harvest Fund Management Co. Ltd’s portfolio, making the stock its 17th biggest position. Harvest Fund Management Co. Ltd’s holdings in Costco Wholesale were worth $34,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Costco Wholesale by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 43,620,717 shares of the retailer’s stock valued at $37,615,889,000 after purchasing an additional 165,349 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Costco Wholesale by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 10,388,519 shares of the retailer’s stock valued at $8,919,573,000 after purchasing an additional 26,690 shares during the last quarter. Norges Bank bought a new position in Costco Wholesale in the fourth quarter valued at approximately $5,195,415,000. Bank of New York Mellon Corp boosted its stake in Costco Wholesale by 5.1% in the fourth quarter. Bank of New York Mellon Corp now owns 3,518,341 shares of the retailer’s stock valued at $3,034,006,000 after acquiring an additional 170,979 shares during the last quarter. Finally, Amundi boosted its stake in Costco Wholesale by 45.0% in the third quarter. Amundi now owns 3,176,606 shares of the retailer’s stock valued at $2,893,697,000 after acquiring an additional 986,182 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

More Costco Wholesale News

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

• Positive Sentiment: Costco’s May sales came in strong, with revenue up 14.5% year over year and robust comparable-sales growth, reinforcing the company’s momentum in membership-driven retail demand. Article Title
• Positive Sentiment: Analysts remain constructive on COST, with TD Cowen, UBS, William Blair, and DA Davidson maintaining bullish or supportive ratings and price targets that imply upside from current levels. Article Title
• Positive Sentiment: Costco is expanding higher-margin and traffic-driving initiatives, including exclusive products like Ghost beverages, stronger wellness/self-care sales, and faster same-day delivery and online engagement. Article Title
• Positive Sentiment: The company’s gasoline strategy is also boosting store visits, as record fuel volumes and lower-priced gas continue to draw members into warehouses and support overall traffic. Article Title

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 730 shares of Costco Wholesale stock in a transaction on Monday, March 9th. The shares were sold at an average price of $1,003.02, for a total value of $732,204.60. Following the sale, the executive vice president directly owned 6,121 shares in the company, valued at approximately $6,139,485.42. The trade was a 10.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the topic of a number of recent research reports. Sanford C. Bernstein raised their price objective on shares of 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. Bank of America increased their target price on shares of Costco Wholesale from $1,185.00 to $1,200.00 and gave the stock a “buy” rating in a report on Friday, May 29th. HC Wainwright reiterated a “buy” rating on shares of Costco Wholesale in a report on Monday. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale in a report on Monday. Finally, UBS Group increased their target price on shares of Costco Wholesale from $1,205.00 to $1,275.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Twenty-two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $1,060.41.

Costco Wholesale Trading Up 1.1%

Shares of NASDAQ:COST opened at $972.59 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Costco Wholesale Corporation has a 12 month low of $844.06 and a 12 month high of $1,096.50. The company’s fifty day simple moving average is $1,006.77 and its 200 day simple moving average is $963.93. The firm has a market cap of $431.49 billion, a price-to-earnings ratio of 48.92, a PEG ratio of 4.66 and a beta of 0.88.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.94 by ($0.01). Costco Wholesale had a net margin of 3.01% and a return on equity of 28.72%. The business had revenue of $70.53 billion during the quarter, compared to analyst estimates of $70.12 billion. During the same quarter in the previous year, the firm posted $4.28 earnings per share. As a group, 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 declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, May 1st. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.30. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.58%.

Costco Wholesale Profile

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.