Costco Wholesale Corporation $COST Shares Purchased by Lmcg Investments LLC

Lmcg Investments LLC increased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 29.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,532 shares of the retailer’s stock after purchasing an additional 2,615 shares during the period. Lmcg Investments LLC’s holdings in Costco Wholesale were worth $11,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Costco Wholesale in the 4th quarter valued at about $27,000. Lifetime Wealth Management P.C. purchased a new position in Costco Wholesale during the fourth quarter valued at approximately $28,000. Mcguire Capital Advisors Inc. acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $28,000. Entrust Financial LLC purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $31,000. Finally, Joseph Group Capital Management acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $33,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

More Costco Wholesale News

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

• Positive Sentiment: Costco reported strong June sales of $29.24 billion, signaling continued momentum in its core business and supporting the stock’s defensive growth story. Costco Wholesale Corporation Reports June Sales Results and Announces Quarterly Cash Dividend
• Positive Sentiment: William Blair reiterated a Buy rating, citing resilient traffic and Costco’s defensive positioning despite temporary headwinds, which adds to bullish sentiment around the shares. Analyst Maintains Buy on Costco, Citing Resilient Traffic and Defensive Positioning Despite Transient Headwinds
• Positive Sentiment: Costco also announced its quarterly cash dividend alongside the sales update, reinforcing its shareholder-return profile. Costco Wholesale Corporation Reports June Sales Results and Announces Quarterly Cash Dividend
• Neutral Sentiment: Broader commentary about Costco as a blue-chip, quality retail name may be helping support investor interest, but it is not a direct company-specific catalyst. 3 Blue-Chip Retail Stocks to Trust as Volatility Favors Quality
• Negative Sentiment: A consumer lawsuit alleging Costco sold Orgain protein supplements contaminated with heavy metals could create some headline risk, though it appears less impactful than the strong sales news. Hagens Berman: Consumer Lawsuit Against Costco Alleges Toxic Heavy Metals in Orgain Protein Supplements

Wall Street Analysts Forecast Growth

COST has been the subject of several recent research reports. The Goldman Sachs Group lifted their target price on shares of Costco Wholesale from $1,088.00 to $1,159.00 and gave the company a “buy” rating in a report on Friday, May 29th. TD Cowen reaffirmed a “buy” rating and issued a $1,175.00 price objective on shares of Costco Wholesale in a report on Wednesday, June 3rd. Truist Financial upped their price objective on shares of Costco Wholesale from $977.00 to $1,011.00 and gave the stock a “hold” rating in a research report on Friday, May 29th. Oppenheimer lifted their price target 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. Finally, Telsey Advisory Group upped their price target on Costco Wholesale from $1,125.00 to $1,135.00 and gave the stock an “outperform” rating in a report on Thursday, April 9th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,061.45.

Costco Wholesale Stock Up 0.6%

COST stock opened at $953.13 on Thursday. Costco Wholesale Corporation has a 52 week low of $844.06 and a 52 week high of $1,096.50. 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 firm has a 50-day simple moving average of $986.93 and a 200-day simple moving average of $975.26. The stock has a market capitalization of $422.69 billion, a P/E ratio of 47.94, a P/E/G ratio of 4.59 and a beta of 0.88.

Costco Wholesale (NASDAQ:COST) last issued its quarterly 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 net margin of 3.01% and a return on equity of 28.04%. The company had revenue of $70.53 billion during the quarter, compared to analysts’ expectations of $70.12 billion. During the same period in the prior year, the business posted $4.28 earnings per share. Equities analysts forecast that Costco Wholesale Corporation will post 20.38 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 paid a $1.47 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is currently 29.58%.

Insider Buying and Selling

In related news, Director Kenneth D. Denman sold 885 shares of the stock in a transaction 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 transaction, the director directly owned 4,779 shares of the company’s stock, valued at approximately $4,575,653.55. This represents a 15.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.