Livforsakringsbolaget Skandia Omsesidigt Sells 2,980 Shares of Costco Wholesale Corporation $COST

Livforsakringsbolaget Skandia Omsesidigt trimmed its position in Costco Wholesale Corporation (NASDAQ:COST) by 23.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,651 shares of the retailer’s stock after selling 2,980 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Costco Wholesale were worth $8,321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of COST. Hurley Capital LLC raised its holdings in shares of Costco Wholesale by 120.0% in the 3rd quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock valued at $31,000 after purchasing an additional 18 shares during the period. Entrust Financial LLC bought a new stake in shares of Costco Wholesale in the 4th quarter valued at about $31,000. Joseph Group Capital Management bought a new stake in shares of Costco Wholesale in the 4th quarter valued at about $33,000. Abich Financial Wealth Management LLC bought a new position in Costco Wholesale in the 3rd quarter valued at about $34,000. Finally, Collier Financial bought a new position in Costco Wholesale in the 3rd quarter valued at about $35,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $972.59 on Friday. The company’s 50 day moving average price is $1,006.77 and its two-hundred day moving average price is $963.93. Costco Wholesale Corporation has a 12-month low of $844.06 and a 12-month high of $1,096.50. The firm has a market cap of $431.49 billion, a PE ratio of 48.92, a PEG ratio of 4.66 and a beta of 0.88. 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 (NASDAQ:COST) last announced its earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). The business had revenue of $70.53 billion for the quarter, compared to analyst estimates of $70.12 billion. Costco Wholesale had a return on equity of 28.72% and a net margin of 3.01%.During the same quarter in the previous year, the company earned $4.28 EPS. Equities research analysts predict that Costco Wholesale Corporation will post 20.38 earnings per share for the current year.

Costco Wholesale Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on COST. Weiss Ratings raised shares of Costco Wholesale from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. Citigroup reissued a “neutral” rating on shares of Costco Wholesale in a report on Friday, February 20th. JPMorgan Chase & Co. increased their price target on shares of Costco Wholesale from $1,060.00 to $1,110.00 and gave the company an “overweight” rating in a report on Friday, April 17th. HC Wainwright reissued a “buy” rating on shares of Costco Wholesale in a report on Monday. Finally, Bank of America increased 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 report on Friday, May 29th. Twenty-two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $1,060.41.

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 Activity

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

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.