TD Asset Management Inc Has $648.74 Million Stock Holdings in Costco Wholesale Corporation $COST

TD Asset Management Inc trimmed its stake in Costco Wholesale Corporation (NASDAQ:COST) by 19.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 752,300 shares of the retailer’s stock after selling 176,198 shares during the quarter. TD Asset Management Inc’s holdings in Costco Wholesale were worth $648,738,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Intellectus Partners LLC grew its holdings in shares of Costco Wholesale by 3.5% during the fourth quarter. Intellectus Partners LLC now owns 388 shares of the retailer’s stock valued at $334,000 after buying an additional 13 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Costco Wholesale by 7.4% during the fourth quarter. Sivia Capital Partners LLC now owns 3,353 shares of the retailer’s stock valued at $2,892,000 after buying an additional 230 shares during the last quarter. Greenspring Advisors LLC grew its holdings in shares of Costco Wholesale by 198.7% during the fourth quarter. Greenspring Advisors LLC now owns 2,318 shares of the retailer’s stock valued at $1,999,000 after buying an additional 1,542 shares during the last quarter. Evolution Wealth Management Inc. grew its holdings in shares of Costco Wholesale by 96.2% during the fourth quarter. Evolution Wealth Management Inc. now owns 51 shares of the retailer’s stock valued at $44,000 after buying an additional 25 shares during the last quarter. Finally, Transatlantique Private Wealth LLC grew its holdings in shares of Costco Wholesale by 5.0% during the fourth quarter. Transatlantique Private Wealth LLC now owns 609 shares of the retailer’s stock valued at $525,000 after buying an additional 29 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on COST. Rothschild & Co Redburn raised their price target on shares of Costco Wholesale from $890.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Mizuho set a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday. Bank of America raised their price target on shares of 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. DA Davidson reissued a “neutral” rating and set a $1,000.00 price target on shares of Costco Wholesale in a research report on Friday, May 29th. Finally, Telsey Advisory Group raised their price target on shares of Costco Wholesale from $1,125.00 to $1,135.00 and gave the company an “outperform” rating in a research report on Thursday, April 9th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $1,060.41.

Costco Wholesale Stock Performance

Shares of COST stock opened at $961.83 on Thursday. The firm has a market cap of $426.72 billion, a price-to-earnings ratio of 48.38, a P/E/G ratio of 4.62 and a beta of 0.88. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.06. Costco Wholesale Corporation has a 52 week low of $844.06 and a 52 week high of $1,096.50. The firm’s 50-day simple moving average is $1,006.79 and its two-hundred day simple moving average is $963.58.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 EPS for the quarter, missing the consensus estimate of $4.94 by ($0.01). The company had revenue of $70.53 billion during the quarter, compared to the consensus estimate of $70.12 billion. Costco Wholesale had a return on equity of 28.72% and a net margin of 3.01%.During the same period in the prior year, the firm posted $4.28 EPS. As a group, equities analysts forecast that Costco Wholesale Corporation will post 20.38 earnings per share for the current year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a $1.47 dividend. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.30. This represents a $5.88 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 1st. Costco Wholesale’s payout ratio is presently 29.58%.

Trending Headlines about Costco Wholesale

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

• Positive Sentiment: Costco reported May net sales of $24.01 billion, up 14.5% year over year, with comparable sales also showing solid growth across the U.S. and e-commerce. Costco Wholesale Corporation Reports May Sales Results
• Positive Sentiment: UBS reiterated a Buy rating and raised its price target to $1,275, citing robust comparable sales and reaccelerating digital sales as signs of sustained operational strength. Costco: Robust Comps and Reaccelerating Digital Sales Support Buy Rating, Price Target Reaffirmed at $1275
• Positive Sentiment: TD Cowen also reaffirmed its Buy rating, reinforcing the view that Costco’s sales momentum and membership model remain attractive to analysts. Costco Wholesale (NASDAQ:COST) Given “Buy” Rating at TD Cowen
• Neutral Sentiment: Recent commentary highlighted Costco’s strong Q3 results, including EPS of $4.93 and revenue of $70.5 billion, but noted that the stock still trades at a rich valuation, which may limit near-term upside. Is Costco Stock a Buy, Hold or Sell After Its Q3 Earnings Beat?
• Neutral Sentiment: Articles also pointed to Costco’s gasoline-driven traffic, rising membership fees, and digital offerings as longer-term growth drivers, while insider sales and valuation concerns remain factors investors are watching. What Costco Wholesale (COST)’s Gasoline-Fueled Q3 Earnings Beat Means For Shareholders
• Negative Sentiment: Some market commentary argued that Costco’s premium multiple leaves little room for error, and one article suggested the stock was downgraded in updated blue-chip rankings. Costco (COST) Keeps Delivering. The Valuation Keeps Getting in the Way

Insider Buying and Selling

In other Costco Wholesale news, EVP Claudine Adamo sold 730 shares of Costco Wholesale stock in a transaction dated 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 owned 6,121 shares of the company’s stock, valued at approximately $6,139,485.42. The trade was a 10.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

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.