TIAA Trust National Association Sells 615 Shares of Costco Wholesale Corporation $COST

TIAA Trust National Association decreased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 2.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,426 shares of the retailer’s stock after selling 615 shares during the period. TIAA Trust National Association’s holdings in Costco Wholesale were worth $17,614,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Costco Wholesale by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 43,620,717 shares of the retailer’s stock worth $37,615,889,000 after buying an additional 165,349 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Costco Wholesale by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 10,388,519 shares of the retailer’s stock worth $8,919,573,000 after buying an additional 26,690 shares during the period. Norges Bank bought a new stake in shares of Costco Wholesale during the 4th quarter worth about $5,195,415,000. Capital World Investors boosted its holdings in shares of Costco Wholesale by 2.0% during the 4th quarter. Capital World Investors now owns 3,937,286 shares of the retailer’s stock worth $3,395,301,000 after buying an additional 77,650 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Costco Wholesale by 5.1% during the 4th quarter. Bank of New York Mellon Corp now owns 3,518,341 shares of the retailer’s stock worth $3,034,006,000 after buying an additional 170,979 shares during the period. Institutional investors own 68.48% of the company’s stock.

More Costco Wholesale News

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

• Positive Sentiment: Costco reported strong May sales, with net sales up 14.5% year over year, and one report said digital sales jumped about 21% while gas volumes reached a record, reinforcing that demand remains healthy. Costco’s Digital Sales Jumped 21% and Gas Volumes Hit a Record. So Why Did COST Stock Drop 5%?
• Positive Sentiment: Costco is cutting prices on select Kirkland Signature and other private-label items, which could support traffic and strengthen its value proposition with inflation-conscious shoppers. Costco Leans On Kirkland Price Cuts To Support Growth Narrative
• Positive Sentiment: Analysts and media coverage continue to highlight Costco’s digital surge, member loyalty, and broad appeal to budget-minded consumers, which supports the company’s long-term growth story. Is Costco’s Digital Surge Making It a Bigger Retail Winner?
• Neutral Sentiment: CEO Ron Vachris being recognized for leadership in women’s board representation and corporate governance adds an ESG-positive angle, but it is unlikely to move the stock on its own. Costco Governance In Focus As CEO Earned Board Diversity Leadership Honor
• Negative Sentiment: Despite solid sales trends, investors appear to be taking profits because expectations are already high and the stock had recently run up, making even good news less impactful in the short term. Is Costco Stock Finally Cheap Enough to Buy?
• Negative Sentiment: One report specifically noted the stock fell even after the company posted strong digital growth and record fuel volumes, suggesting the market is focused more on valuation and near-term expectations than on operating momentum. Costco’s Digital Sales Jumped 21% and Gas Volumes Hit a Record. So Why Did COST Stock Drop 5%?

Analyst Upgrades and Downgrades

COST has been the subject of several research analyst reports. TD Cowen reaffirmed a “buy” rating and set a $1,175.00 target price on shares of Costco Wholesale in a report on Wednesday, June 3rd. Mizuho set a $1,100.00 target price on shares of Costco Wholesale in a report on Monday, June 1st. Truist Financial lifted their target price on shares of Costco Wholesale from $977.00 to $1,011.00 and gave the stock a “hold” rating in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Costco Wholesale from $1,104.00 to $1,106.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Evercore set a $1,100.00 target price on shares of Costco Wholesale in a report on Monday, March 2nd. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,060.41.

Costco Wholesale Stock Performance

NASDAQ COST opened at $968.59 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $429.55 billion, a P/E ratio of 48.72, a P/E/G ratio of 4.72 and a beta of 0.88. Costco Wholesale Corporation has a 12-month low of $844.06 and a 12-month high of $1,096.50. The firm has a 50-day moving average price of $1,006.30 and a two-hundred day moving average price of $965.46.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $70.12 billion. Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. During the same period in the prior year, the firm earned $4.28 EPS. Analysts anticipate that Costco Wholesale Corporation will post 20.38 earnings per share for the current year.

Costco Wholesale Increases Dividend

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

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.