Secure Asset Management LLC Sells 599 Shares of Costco Wholesale Corporation $COST

Secure Asset Management LLC reduced its stake in Costco Wholesale Corporation (NASDAQ:COST) by 6.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 8,155 shares of the retailer’s stock after selling 599 shares during the period. Costco Wholesale accounts for 1.1% of Secure Asset Management LLC’s holdings, making the stock its 22nd largest holding. Secure Asset Management LLC’s holdings in Costco Wholesale were worth $7,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of COST. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Costco Wholesale in the 4th quarter valued at about $27,000. Lifetime Wealth Management P.C. acquired a new stake in Costco Wholesale during the fourth quarter worth approximately $28,000. C M Bidwell & Associates Ltd. acquired a new stake in Costco Wholesale during the second quarter worth approximately $28,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Costco Wholesale during the fourth quarter worth approximately $28,000. Finally, Burk Holdings LLC bought a new stake in shares of Costco Wholesale during the second quarter worth approximately $30,000. 68.48% of the stock is owned by institutional investors.

Key Costco Wholesale News

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

• Positive Sentiment: Expansion supports long-term growth: Costco plans to open 14 warehouses across the United States and Canada before the end of 2026, including five in October and nine in November. New locations could increase membership, sales and recurring fee revenue. Costco set to expand with 14 new warehouses across US and Canada
• Positive Sentiment: A relocated Newport News warehouse is scheduled to open in November, providing additional capacity and potentially improving the customer experience in that market. Relocated Newport News Costco set to open in November
• Positive Sentiment: Freedom Broker upgraded COST to Buy, offering supportive analyst sentiment after the stock’s recent underperformance. Costco Wholesale Raised to Buy at Freedom Broker
• Positive Sentiment: Coverage highlights Costco’s efforts to improve shopping convenience and add seasonal merchandise, initiatives that may strengthen member loyalty and spending relative to Walmart and Amazon. Costco fixed the one thing members hated about shopping there
• Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day days-to-cover ratio, but the reported increase was listed as “NaN,” making the figures unreliable and unlikely to provide a meaningful trading signal.
• Neutral Sentiment: A profile of a well-paid Costco meat cutter underscores the company’s wages, benefits and employee retention, but has limited direct impact on near-term financial results. Costco employee discusses wages and career choice
• Negative Sentiment: Costco reportedly shut down its online Marketplace service, raising questions about e-commerce execution and the company’s ability to compete digitally. Costco abruptly shuts down Marketplace online service
• Negative Sentiment: Residents near the planned Lee’s Summit warehouse are concerned about traffic, potentially causing permitting, construction or community-relations friction. Residents concerned Costco’s new Lee’s Summit location will cause traffic issues
• Negative Sentiment: Some commentary argues Costco may have lost part of its competitive edge and questions whether the stock’s premium valuation is justified after recent underperformance. Cramer warns Costco may have lost its edge

Analysts Set New Price Targets

COST has been the topic of a number of recent research reports. Mizuho set a $1,100.00 target price on Costco Wholesale in a research note on Monday, June 1st. JPMorgan Chase & Co. reduced their price target on Costco Wholesale from $1,110.00 to $1,100.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Royal Bank Of Canada assumed coverage on Costco Wholesale in a report on Monday, July 13th. They issued a “sector perform” rating and a $1,000.00 price objective on the stock. Freedom Broker upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $1,030.00 price objective on the stock in a research report on Tuesday. Finally, Oppenheimer lifted their target price on Costco Wholesale from $1,100.00 to $1,160.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Twenty-two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,056.03.

Costco Wholesale Stock Performance

COST opened at $902.38 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 1.07. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week high of $1,096.50. The firm has a market cap of $400.19 billion, a P/E ratio of 45.39, a price-to-earnings-growth ratio of 3.76 and a beta of 0.86. The business’s fifty day moving average is $941.02 and its 200-day moving average is $974.99.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, July 24th. Costco Wholesale’s dividend payout ratio (DPR) is currently 29.58%.

Insider Buying and Selling

In other news, Director Kenneth Denman sold 885 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total value of $847,343.25. Following the completion of the transaction, the director directly owned 4,779 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Costco Wholesale Profile

Costco Wholesale Corporation operates membership-based warehouse clubs that offer a broad selection of merchandise at generally competitive prices. Its product range includes groceries, fresh foods, apparel, appliances, electronics, furniture, jewelry, hardware, and seasonal goods, along with private-label products sold under the Kirkland Signature brand.

The company also provides a variety of ancillary services, including gasoline stations, pharmacies, optical centers, hearing-aid centers, food courts, tire centers, and travel services.