Candriam S.C.A. boosted its position in Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 59.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 82,716 shares of the retailer’s stock after purchasing an additional 30,899 shares during the period. Candriam S.C.A.’s holdings in Costco Wholesale were worth $75,575,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Costco Wholesale by 31.7% in the 2nd quarter. State Street Corp now owns 23,901,594 shares of the retailer’s stock worth $22,359,224,000 after buying an additional 5,749,362 shares during the last quarter. Bank of America Corp DE grew its holdings 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 acquiring an additional 773,651 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Costco Wholesale by 5.5% during 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 acquiring an additional 160,893 shares during the last quarter. Amundi increased its position in shares of Costco Wholesale by 11.1% during the first quarter. Amundi now owns 2,839,016 shares of the retailer’s stock valued at $2,828,881,000 after acquiring an additional 283,360 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Costco Wholesale during the second quarter valued at approximately $2,362,188,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.
Trending Headlines about 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. U.S. comparable sales rose 8.1% excluding gasoline-price changes, while digital growth also accelerated—evidence of continued customer demand. Costco’s October Net Sales Jump 12.6% as Digital Growth Accelerates
- Positive Sentiment: JPMorgan raised its price target to $1,150 from $1,015 and maintained an overweight rating. Bank of America also kept its buy rating following the stronger U.S. comparable-sales results. JPMorgan price-target update Costco retains BofA buy as October U.S. comps rise
- Neutral Sentiment: Recent coverage points to solid share-price momentum, supported by a string of earnings beats, but investors may be watching whether earnings growth can justify the stock’s valuation. Costco Stock: Earnings Growth Could Shape the Next Big Move
- Negative Sentiment: Valuation remains a key risk: reports cite a trailing P/E near 49, leaving limited room for disappointment, while earnings revisions have raised concerns. Citi maintained a hold rating with a $1,020 target, reflecting a more cautious view than JPMorgan’s. Costco Stock: Why Analysts Are Split Despite Strong October Sales
Insider Buying and Selling at Costco Wholesale
Costco Wholesale Price Performance
Costco Wholesale stock opened at $1,053.56 on Friday. The business’s 50 day simple moving average is $952.42 and its 200 day simple moving average is $972.49. 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 cap of $466.86 billion, a price-to-earnings ratio of 50.75, a PEG ratio of 4.50 and a beta of 0.85. The company has a current ratio of 1.06, a quick ratio of 0.62 and a debt-to-equity ratio of 0.11.
Costco Wholesale (NASDAQ:COST – Get Free Report) last released its earnings results on Thursday, September 24th. The retailer reported $6.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.54 by $0.21. The business had revenue of $95.72 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $5.87 earnings per share. Sell-side analysts forecast that Costco Wholesale Corporation will post 22.70 EPS for the current year.
Costco Wholesale Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a dividend of $1.47 per share. The ex-dividend date is Friday, October 30th. This represents a $5.88 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio is presently 28.32%.
Analyst Upgrades and Downgrades
Several research firms have weighed in on COST. Roth Capital reissued a “sell” rating and issued a $781.00 price objective on shares of Costco Wholesale in a research report on Friday, September 25th. Robert W. Baird set a $1,175.00 target price on Costco Wholesale in a research report on Friday, September 25th. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale in a research note on Monday, September 28th. Deutsche Bank Aktiengesellschaft lowered their target price on Costco Wholesale from $1,091.00 to $1,079.00 and set a “buy” rating on the stock in a research note on Monday, September 28th. Finally, Evercore reissued an “outperform” rating on shares of Costco Wholesale in a report on Tuesday, September 22nd. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,090.55.
Check Out Our Latest Stock Report on Costco Wholesale
Costco Wholesale Profile
Costco Wholesale Corporation operates membership-based warehouse clubs that offer a broad selection of merchandise at generally low prices. Its products include groceries, fresh foods, appliances, electronics, apparel, furniture, and household goods, as well as its Kirkland Signature private-label line.
The company also provides services such as gasoline stations, pharmacies, optical and hearing-aid centers, food courts, and travel offerings. Costco serves members through warehouses and online channels.
Founded in 1983 in Seattle, Costco has expanded across North America, Europe, Asia, and Australia.
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