Talon Private Wealth LLC Invests $846,000 in Costco Wholesale Corporation $COST

Talon Private Wealth LLC purchased a new stake in shares of Costco Wholesale Corporation (NASDAQ:COST) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 849 shares of the retailer’s stock, valued at approximately $846,000.

Several other hedge funds have also made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Costco Wholesale during the 4th quarter worth approximately $27,000. Lifetime Wealth Management P.C. purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at $28,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at $28,000. Entrust Financial LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter worth $31,000. Finally, Joseph Group Capital Management purchased a new position in shares of Costco Wholesale during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $966.58 on Wednesday. The firm has a market cap of $428.66 billion, a price-to-earnings ratio of 48.62, a P/E/G ratio of 4.60 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 current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $960.85 and a 200 day simple moving average of $981.69.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, May 28th. The retailer reported $4.93 EPS for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. The firm had revenue of $70.53 billion during the quarter, compared to analysts’ expectations of $70.12 billion. During the same quarter last year, the firm earned $4.28 EPS. As a group, sell-side analysts predict that Costco Wholesale Corporation will post 20.42 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, July 24th. Costco Wholesale’s payout ratio is currently 29.58%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on COST shares. Sanford C. Bernstein upped their price target on Costco Wholesale from $1,192.00 to $1,194.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Weiss Ratings lowered Costco Wholesale from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Oppenheimer lifted their target price on Costco Wholesale from $1,100.00 to $1,160.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. TD Cowen reiterated a “buy” rating and issued a $1,175.00 target price on shares of Costco Wholesale in a report on Wednesday, June 3rd. Finally, UBS Group increased their price target on shares of Costco Wholesale from $1,205.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Twenty-two investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,059.07.

Insider Activity at Costco Wholesale

In related news, Director Kenneth D. Denman sold 885 shares of the business’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 completion of the sale, the director owned 4,779 shares of the company’s stock, valued at approximately $4,575,653.55. The trade was a 15.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

More Costco Wholesale News

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

• Positive Sentiment: Costco has begun operating its Port St. Lucie, Florida distribution center independently from the power grid using on-site solar generation and battery storage. The project could reduce energy costs, improve resilience and support Costco’s net-zero and sustainability goals. Breaking Free from the Grid, Costco Teams with Trinity Energy to Pioneer True Commercial Energy Independence
• Positive Sentiment: Analysts and market commentators continue to highlight Costco’s long-term growth profile. Expected earnings growth, recurring membership revenue and strong customer loyalty support the bullish investment case, although the stock already trades at a high earnings multiple. Why Costco Is a Top Growth Stock for the Long-Term
• Positive Sentiment: Kirkland Signature is described as an increasingly important growth engine. Its lower prices, broad product expansion and reported savings of roughly 15% to 20% can strengthen customer loyalty, differentiate Costco and support merchandise margins. Costco’s Kirkland Brand Is Becoming a Powerful Growth Engine
• Neutral Sentiment: Costco’s use of free water samples illustrates its strategy of encouraging shoppers to discover and purchase new products. Retail experts viewed the tactic as a creative engagement and merchandising initiative, but the article does not indicate a material near-term financial impact. Costco Offered Shoppers Free Samples of Water
• Neutral Sentiment: Plans for a proposed Costco store in South Reno remain uncertain, potentially delaying a future contribution from that market. The development issue appears localized and is unlikely to materially affect Costco’s overall valuation. What Happened to the Proposed New South Reno Costco Store?
• Negative Sentiment: Eligible Washington Costco shoppers may receive payments from a reported $14 million settlement. While the settlement appears limited relative to Costco’s size, it creates a legal expense and could add reputational risk. Washington Costco Shoppers Eligible for Cash in $14 Million Settlement
• Negative Sentiment: Promotional gas discounts from 7-Eleven are increasing competition for Costco’s fuel business, potentially weakening one of the membership club’s customer-traffic advantages as households remain pressured by high gasoline prices. 7-Eleven Has a Gas Discount That Challenges Costco

Costco Wholesale Company 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.