954 Costco Wholesale Corporation $COST Shares Sold by Kelleher Financial Advisors

Kelleher Financial Advisors cut its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 61.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 586 shares of the retailer’s stock after selling 954 shares during the period. Kelleher Financial Advisors’ holdings in Costco Wholesale were worth $533,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 3Chopt Investment Partners LLC raised its holdings in Costco Wholesale by 11.5% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 1,827 shares of the retailer’s stock worth $1,663,000 after buying an additional 188 shares during the period. Trace Wealth Advisors LLC lifted its stake in Costco Wholesale by 0.4% in the third quarter. Trace Wealth Advisors LLC now owns 2,758 shares of the retailer’s stock valued at $2,511,000 after buying an additional 10 shares in the last quarter. Compass Financial Management LLC boosted its holdings in shares of Costco Wholesale by 2.3% in the third quarter. Compass Financial Management LLC now owns 4,896 shares of the retailer’s stock valued at $4,457,000 after buying an additional 109 shares during the period. Rakuten Investment Management Inc. boosted its holdings in shares of Costco Wholesale by 10.5% in the third quarter. Rakuten Investment Management Inc. now owns 118,071 shares of the retailer’s stock valued at $109,167,000 after buying an additional 11,180 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC boosted its holdings in shares of Costco Wholesale by 2.2% in the third quarter. Parr Mcknight Wealth Management Group LLC now owns 7,471 shares of the retailer’s stock valued at $6,801,000 after buying an additional 161 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of research analyst reports. Guggenheim restated a “neutral” rating on shares of Costco Wholesale in a report on Monday, September 28th. BTIG Research reaffirmed a “buy” rating and issued a $1,125.00 price objective on shares of Costco Wholesale in a research report on Wednesday, September 23rd. Robert W. Baird set a $1,175.00 target price on shares of Costco Wholesale in a research note on Friday, September 25th. DA Davidson increased their target price on Costco Wholesale from $1,000.00 to $1,040.00 and gave the stock a “neutral” rating in a report on Friday, September 25th. Finally, Raymond James Financial lowered their target price on Costco Wholesale from $1,100.00 to $1,050.00 and set an “outperform” rating for the company in a report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $1,086.19.

Key Stories Impacting Costco Wholesale

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

• Positive Sentiment: Costco reported October net sales of $24.50 billion, up 12.6% year over year. The solid growth supports the view that customer demand and the warehouse model remain healthy. Costco reports October sales results
• Neutral Sentiment: Costco’s defensive reputation and loyal membership base may appeal to investors seeking stability in uncertain markets, though this is not a new company-specific catalyst. Costco’s capital-preservation role
• Negative Sentiment: Recent commentary warns that COST’s valuation already reflects substantial optimism. With shares above $1,000 and a rich earnings multiple, the stock may be vulnerable if earnings growth does not justify expectations; the company’s healthcare initiatives have not removed that concern. Costco stock valuation and healthcare push

Costco Wholesale Trading Up 2.7%

NASDAQ COST opened at $1,046.47 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 debt-to-equity ratio of 0.11, a quick ratio of 0.62 and a current ratio of 1.06. The stock’s 50 day moving average price is $947.85 and its two-hundred day moving average price is $971.54. The stock has a market capitalization of $463.72 billion, a price-to-earnings ratio of 50.41, a PEG ratio of 4.36 and a beta of 0.85.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 24th. The retailer reported $6.75 earnings per share for the quarter, topping the consensus estimate of $6.54 by $0.21. Costco Wholesale had a net margin of 3.04% and a return on equity of 27.60%. The company had revenue of $95.72 billion during the quarter, compared to analysts’ expectations of $94.97 billion. During the same period last year, the business earned $5.87 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, analysts anticipate that Costco Wholesale Corporation will post 22.70 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 30th. Costco Wholesale’s payout ratio is currently 28.32%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP William Richard Wilcox sold 1,100 shares of Costco Wholesale stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $958.21, for a total value of $1,054,031.00. Following the sale, the executive vice president directly owned 3,094 shares in the company, valued at approximately $2,964,701.74. The trade was a 26.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claudine Adamo sold 2,200 shares of the business’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $915.93, for a total transaction of $2,015,046.00. Following the sale, the executive vice president directly owned 7,134 shares in the company, valued at $6,534,244.62. This trade represents a 23.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company’s stock.

About Costco Wholesale

Costco Wholesale Corporation operates a membership-based warehouse retail business under the Costco name. The company sells merchandise in bulk and at competitive prices through warehouse clubs and e-commerce platforms, serving individual consumers, businesses and other organizations.

Its product selection includes groceries and fresh foods, household supplies, appliances, electronics, furniture, apparel, health and beauty products, jewelry, automotive products and prescription drugs. Costco also provides services such as optical care, pharmacy services, hearing-aid sales, travel offerings and fuel sales, depending on location.

The company traces its roots to Price Club, which opened in San Diego in 1976.