Costco Wholesale Corporation $COST Shares Acquired by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC increased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 151.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,628 shares of the retailer’s stock after acquiring an additional 12,425 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Costco Wholesale were worth $18,778,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of COST. State Street Corp boosted its position in shares of Costco Wholesale by 31.7% during the 2nd quarter. State Street Corp now owns 23,901,594 shares of the retailer’s stock worth $22,359,224,000 after purchasing an additional 5,749,362 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Costco Wholesale by 11.5% in the first quarter. Bank of America Corp DE now owns 7,515,031 shares of the retailer’s stock valued at $7,488,203,000 after purchasing an additional 773,651 shares during the period. Corient Private Wealth LLC grew 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 worth $5,282,182,000 after buying an additional 5,472,968 shares during the period. Invesco Ltd. grew its position in Costco Wholesale by 3.4% during the fourth quarter. Invesco Ltd. now owns 4,328,729 shares of the retailer’s stock worth $3,732,836,000 after buying an additional 143,150 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Costco Wholesale by 5.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,068,312 shares of the retailer’s stock valued at $2,870,314,000 after buying an additional 160,893 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale News Roundup

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

• Positive Sentiment: Costco reported September net sales of $30.02 billion, up 13% year over year. Total comparable sales increased 11.4%, with U.S. comps up 12.5%, Canada up 6.3% and other international markets up 10.8%. Costco September Sales Results
• Positive Sentiment: Underlying demand remained healthy: comparable sales excluding gasoline-price and foreign-exchange effects rose approximately 7.6%, supported by stronger traffic and transaction growth. Digital sales also increased 19%, indicating broad momentum beyond Costco’s warehouse locations. Costco September Sales Growth
• Positive Sentiment: The strong start to fiscal 2027 supports the view that Costco continues to gain from value-conscious consumers and a resilient membership-based model. Analysts highlighted traffic and transaction growth as particularly important indicators for future revenue performance. Costco Sales Rise in September
• Neutral Sentiment: Several reports note that part of the headline sales increase was helped by higher gasoline prices and potentially temporary, lower-margin sales categories. Investors may therefore focus more closely on traffic, transactions and core sales than on the 13% reported growth rate. Costco Sales Rebound Analysis
• Negative Sentiment: Costco’s premium valuation leaves limited room for disappointing growth or margin trends. Ongoing tariff and margin-pressure concerns, along with a lawsuit alleging misleading “sugar-free” labeling for a Kirkland drink mix, represent potential risks, though neither appears material to current sales momentum.

Insider Activity

In related news, EVP Claudine Adamo sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $915.93, for a total transaction of $2,015,046.00. Following the sale, the executive vice president owned 7,134 shares in the company, valued at approximately $6,534,244.62. This trade represents a 23.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on COST. Raymond James Financial decreased their price target on Costco Wholesale from $1,100.00 to $1,050.00 and set an “outperform” rating on the stock in a research note on Friday, September 25th. Freedom Broker dropped their price objective on Costco Wholesale from $1,030.00 to $1,010.00 and set a “buy” rating for the company in a research note on Friday, September 25th. Sanford C. Bernstein decreased their target price on Costco Wholesale from $1,144.00 to $1,143.00 and set an “outperform” rating on the stock in a research report on Friday, September 25th. Citigroup assumed coverage on Costco Wholesale in a report on Thursday, June 18th. They issued a “neutral” rating and a $1,020.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Costco Wholesale from $1,091.00 to $1,079.00 and set a “buy” rating for the company in a research report on Monday, September 28th. Twenty-two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,046.27.

Costco Wholesale Price Performance

Costco Wholesale stock traded up $5.67 during mid-day trading on Thursday, hitting $947.92. 2,267,778 shares of the company were exchanged, compared to its average volume of 2,195,423. Costco Wholesale Corporation has a 12-month low of $844.06 and a 12-month high of $1,096.50. The company has a market capitalization of $420.38 billion, a P/E ratio of 45.66, a PEG ratio of 4.00 and a beta of 0.88. The business’s 50 day simple moving average is $930.81 and its two-hundred day simple moving average is $963.49. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.06 and a quick ratio of 0.62.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, September 24th. The retailer reported $6.75 EPS for the quarter, beating analysts’ consensus estimates of $6.54 by $0.21. The business had revenue of $95.72 billion for the quarter, compared to analyst estimates of $94.97 billion. Costco Wholesale had a return on equity of 27.60% and a net margin of 3.04%.The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $5.87 earnings per share. Analysts forecast that Costco Wholesale Corporation will post 22.86 earnings per share for the current fiscal year.

About Costco Wholesale

Costco Wholesale Corporation operates a membership-based warehouse retail business under the Costco name. The company sells a broad selection of merchandise, including groceries, fresh foods, beverages, appliances, electronics, furniture, apparel, jewelry, hardware, and seasonal products. It also offers services such as gasoline, pharmacies, optical departments, hearing-aid centers, food courts, travel services, and business delivery in selected markets.

Costco markets many products under its private-label Kirkland Signature brand and sells merchandise through warehouse locations and e-commerce platforms.