Costco Wholesale Corporation $COST Stock Position Raised by Carderock Capital Management Inc.

Carderock Capital Management Inc. grew its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 11.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,821 shares of the retailer’s stock after buying an additional 1,105 shares during the quarter. Costco Wholesale makes up about 2.2% of Carderock Capital Management Inc.’s investment portfolio, making the stock its 17th largest holding. Carderock Capital Management Inc.’s holdings in Costco Wholesale were worth $10,123,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in COST. Waller Financial Planning Group Inc. acquired a new position in Costco Wholesale in the second quarter worth approximately $308,000. Grove Bank & Trust raised its position in Costco Wholesale by 7.3% during the second quarter. Grove Bank & Trust now owns 7,406 shares of the retailer’s stock valued at $6,928,000 after acquiring an additional 501 shares in the last quarter. CGN Advisors LLC lifted its stake in Costco Wholesale by 1.9% in the second quarter. CGN Advisors LLC now owns 2,916 shares of the retailer’s stock valued at $2,728,000 after acquiring an additional 54 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Costco Wholesale by 2.0% in the second quarter. CoreCap Advisors LLC now owns 5,117 shares of the retailer’s stock valued at $4,786,000 after acquiring an additional 102 shares during the last quarter. Finally, Pacific Excel Wealth Advisors Inc. grew its position in Costco Wholesale by 144.2% in the second quarter. Pacific Excel Wealth Advisors Inc. now owns 796 shares of the retailer’s stock worth $745,000 after acquiring an additional 470 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

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 owned by company insiders.

Trending Headlines about Costco Wholesale

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

• Positive Sentiment: Costco is expanding its store footprint with construction underway for a new location near Kuna and Meridian, Idaho. The opening could support future sales, membership growth and regional convenience. Costco construction underway near Kuna border
• Positive Sentiment: The company’s low gasoline prices are designed to attract shoppers and increase warehouse visits. Although fuel itself generates limited profit, the strategy can indirectly lift merchandise sales, memberships and overall customer retention. Costco keeps its gas super cheap for a very specific reason
• Positive Sentiment: Analysts highlighted a 92.2% U.S.-Canada renewal rate, growth in Executive memberships and improving digital retention. These trends reinforce Costco’s recurring-revenue model and suggest customer loyalty remains strong despite changes in membership mix. Costco’s Renewal Trends Point to Lasting Customer Loyalty
• Positive Sentiment: Reported changes aimed at resolving members’ biggest pain points could help Costco protect membership sales and retention, which are central to its profitability. Costco’s changes fix members’ biggest problems
• Neutral Sentiment: Positive attention around a frozen food item highlights Costco’s ability to generate value-oriented consumer engagement, but the product buzz is unlikely to materially affect near-term earnings. One of Costco’s best frozen items
• Negative Sentiment: Costco reportedly agreed to a $14 million settlement involving allegedly misleading “fake urgency” emails. The financial impact appears manageable for a company of Costco’s size, but the matter creates legal, compliance and reputational concerns. Costco’s $14M settlement over fake urgency emails

Analyst Upgrades and Downgrades

Several research analysts have recently commented on COST shares. Telsey Advisory Group increased their price target on shares of Costco Wholesale from $1,125.00 to $1,135.00 and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Mizuho set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday, June 1st. Roth Capital upped their price objective on shares of Costco Wholesale from $769.00 to $781.00 and gave the stock a “sell” rating in a report on Friday, May 29th. The Goldman Sachs Group increased their target price on shares of Costco Wholesale from $1,088.00 to $1,159.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, Wells Fargo & Company raised their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Twenty-two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,059.07.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $947.85 on Wednesday. Costco Wholesale Corporation has a 1 year low of $844.06 and a 1 year high of $1,096.50. The firm’s fifty day simple moving average is $952.84 and its 200 day simple moving average is $982.44. 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 firm has a market capitalization of $420.35 billion, a PE ratio of 47.68, a PEG ratio of 4.61 and a beta of 0.87.

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, sell-side analysts anticipate that Costco Wholesale Corporation will post 20.42 EPS for the current year.

Costco Wholesale Announces Dividend

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

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.