Focus Partners Advisor Solutions LLC Cuts Stock Holdings in Costco Wholesale Corporation $COST

Focus Partners Advisor Solutions LLC decreased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 38.5% in the 4th quarter, Holdings Channel reports. The firm owned 4,829 shares of the retailer’s stock after selling 3,022 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Costco Wholesale were worth $4,164,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of COST. Hurley Capital LLC boosted its stake in Costco Wholesale by 120.0% in the third quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock worth $31,000 after buying an additional 18 shares in the last quarter. Entrust Financial LLC purchased a new stake in Costco Wholesale in the fourth quarter worth approximately $31,000. Joseph Group Capital Management purchased a new stake in Costco Wholesale in the fourth quarter worth approximately $33,000. Abich Financial Wealth Management LLC purchased a new stake in Costco Wholesale in the third quarter worth approximately $34,000. Finally, Imprint Wealth LLC purchased a new stake in Costco Wholesale in the third quarter worth approximately $36,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on COST shares. TD Cowen reaffirmed a “buy” rating and issued a $1,175.00 target price on shares of Costco Wholesale in a research note on Wednesday, June 3rd. BMO Capital Markets upped their target price on Costco Wholesale from $1,175.00 to $1,315.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,050.00 target price on shares of Costco Wholesale in a research note on Thursday, March 5th. Citigroup reaffirmed a “neutral” rating on shares of Costco Wholesale in a research note on Friday, February 20th. Finally, Roth Mkm upped their target price 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 investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,060.41.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $968.59 on Wednesday. The firm has a market cap of $429.55 billion, a PE ratio of 48.72, a price-to-earnings-growth ratio of 4.72 and a beta of 0.88. 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 quick ratio of 0.61 and a current ratio of 1.07. The business has a 50 day moving average price of $1,006.30 and a 200-day moving average price of $965.46.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data 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). The company had revenue of $70.53 billion for the quarter, compared to analysts’ expectations 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 last year, the company posted $4.28 EPS. Equities research analysts predict that Costco Wholesale Corporation will post 20.38 earnings per share for the current year.

Costco Wholesale Increases Dividend

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

More Costco Wholesale News

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

• Positive Sentiment: Costco reported record demand for gasoline, which reinforces traffic and engagement at its warehouses and supports the company’s value proposition. Costco sees record demand for gas since Middle East war
• Positive Sentiment: Its digital sales jumped more than 21%, signaling continued momentum in e-commerce and omnichannel growth. Costco’s Digital Sales Jumped 21% and Gas Volumes Hit a Record. So Why Did COST Stock Drop 5%?
• Positive Sentiment: Costco also lowered prices on select Kirkland Signature products, a move that could strengthen member loyalty and help drive traffic as shoppers look for value. Costco lowers prices on four private-label products across food, home goods and sports equipment aisles
• Neutral Sentiment: Short-interest data appears unreliable in the filing shown, so it does not provide a clear read on sentiment.
• Negative Sentiment: Despite the strong operational updates, investors appeared to focus on valuation and near-term stock weakness, with commentary noting the shares have been falling in recent weeks. Should You Buy Costco Wholesale Stock While It’s Below $1,000?

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.