Osprey Private Wealth LLC Grows Position in Costco Wholesale Corporation $COST

Osprey Private Wealth LLC boosted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 12.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,513 shares of the retailer’s stock after acquiring an additional 1,068 shares during the period. Costco Wholesale comprises about 2.7% of Osprey Private Wealth LLC’s portfolio, making the stock its 14th largest position. Osprey Private Wealth LLC’s holdings in Costco Wholesale were worth $9,479,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of COST. Vanguard Group Inc. lifted its stake 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 purchasing an additional 165,349 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Costco Wholesale by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 10,388,519 shares of the retailer’s stock valued at $8,919,573,000 after buying an additional 26,690 shares in the last quarter. Morgan Stanley grew its position in shares of Costco Wholesale by 1.1% in the 4th quarter. Morgan Stanley now owns 9,523,423 shares of the retailer’s stock worth $8,212,433,000 after buying an additional 107,775 shares during the last quarter. Diamant Asset Management Inc. raised its stake in shares of Costco Wholesale by 99,278.0% during the 1st quarter. Diamant Asset Management Inc. now owns 6,726,899 shares of the retailer’s stock worth $672,690,000 after acquiring an additional 6,720,130 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in Costco Wholesale by 838.9% during the fourth quarter. Corient Private Wealth LLC now owns 6,125,405 shares of the retailer’s stock valued at $5,282,182,000 after acquiring an additional 5,472,968 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale News Summary

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

• Positive Sentiment: Analysts remained generally constructive, with multiple firms reiterating Buy/Overweight views and price targets around or above current levels, suggesting Wall Street still sees upside for Costco despite the recent pullback.
• Positive Sentiment: Costco announced a quarterly dividend of $1.47 per share, reinforcing its shareholder-return profile. Costco stock overview and dividend note
• Positive Sentiment: Management also expanded its digital wallet feature, which could improve checkout speed and customer convenience. Costco makes payment change that could speed up checkout for members
• Neutral Sentiment: Short-interest data showed no meaningful change, with reported short interest at zero shares, offering little signal for near-term trading.
• Negative Sentiment: Investors are focusing on a slowdown in June sales momentum and weaker adjusted comparable-sales growth, which raises concern that Costco may be losing some near-term growth speed. Reuters article reference
• Negative Sentiment: Competition is intensifying as Walmart and Kroger cut prices, increasing pressure on Costco’s value proposition and margin outlook.
• Negative Sentiment: New headlines about a class-action lawsuit alleging Costco sold protein powder with heavy metals add legal and reputational risk. Consumers sue Costco over heavy metals in protein powder

Insider Activity at Costco Wholesale

In other Costco Wholesale 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 transaction, the director directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

COST has been the topic of several analyst reports. The Goldman Sachs Group lifted their price target on shares of Costco Wholesale from $1,088.00 to $1,159.00 and gave the stock a “buy” rating in a report on Friday, May 29th. BTIG Research reissued a “buy” rating and issued a $1,125.00 price objective on shares of Costco Wholesale in a research report on Friday, May 29th. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale in a research note on Monday, June 1st. HC Wainwright reissued a “buy” rating on shares of Costco Wholesale in a report on Monday, June 1st. Finally, Roth Capital boosted their price target on Costco Wholesale from $769.00 to $781.00 and gave the stock a “sell” rating in a research note on Friday, May 29th. Twenty-two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,061.10.

Costco Wholesale Stock Performance

NASDAQ:COST traded up $3.28 during midday trading on Friday, hitting $916.25. The company’s stock had a trading volume of 2,099,105 shares, compared to its average volume of 2,488,933. Costco Wholesale Corporation has a fifty-two week low of $844.06 and a fifty-two week high of $1,096.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.61. The firm has a market cap of $406.34 billion, a P/E ratio of 46.09, a P/E/G ratio of 4.42 and a beta of 0.88. The firm’s 50 day moving average is $983.66 and its 200-day moving average is $975.25.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 EPS for the quarter, missing the consensus estimate of $4.94 by ($0.01). Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. The business had revenue of $70.53 billion during the quarter, compared to analysts’ expectations of $70.12 billion. During the same period last year, the company earned $4.28 earnings per share. Equities analysts anticipate that Costco Wholesale Corporation will post 20.38 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

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

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.