Beto Financial Group LLC Purchases Shares of 1,053 Costco Wholesale Corporation $COST

Beto Financial Group LLC purchased a new stake in Costco Wholesale Corporation (NASDAQ:COST) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,053 shares of the retailer’s stock, valued at approximately $908,000.

Several other institutional investors also recently modified their holdings of the stock. Brown Wealth Management LLC increased its holdings in shares of Costco Wholesale by 3.7% in the third quarter. Brown Wealth Management LLC now owns 305 shares of the retailer’s stock valued at $282,000 after buying an additional 11 shares in the last quarter. Caliber Wealth Management LLC KS increased its stake in shares of Costco Wholesale by 1.7% in the third quarter. Caliber Wealth Management LLC KS now owns 655 shares of the retailer’s stock worth $606,000 after acquiring an additional 11 shares during the last quarter. Somerset Group LLC increased its stake in shares of Costco Wholesale by 0.3% in the third quarter. Somerset Group LLC now owns 4,220 shares of the retailer’s stock worth $3,906,000 after acquiring an additional 11 shares during the last quarter. Hughes Financial Services LLC increased its stake in shares of Costco Wholesale by 4.3% in the third quarter. Hughes Financial Services LLC now owns 268 shares of the retailer’s stock worth $245,000 after acquiring an additional 11 shares during the last quarter. Finally, Bank & Trust Co increased its stake in shares of Costco Wholesale by 18.3% in the fourth quarter. Bank & Trust Co now owns 71 shares of the retailer’s stock worth $61,000 after acquiring an additional 11 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 730 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $1,003.02, for a total value of $732,204.60. Following the transaction, the executive vice president directly owned 6,121 shares of the company’s stock, valued at approximately $6,139,485.42. This trade represents a 10.66% 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 the SEC website. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on COST. DA Davidson reaffirmed a “neutral” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a research note on Friday. The Goldman Sachs Group upped their price objective 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. Rothschild & Co Redburn upped their price objective on shares of Costco Wholesale from $890.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Weiss Ratings upgraded shares of Costco Wholesale from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. Finally, Truist Financial boosted their price objective on Costco Wholesale from $977.00 to $1,011.00 and gave the stock a “hold” rating in a research report on Friday. Twenty-two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,056.32.

Costco Wholesale Stock Performance

NASDAQ COST opened at $946.11 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The firm has a market cap of $419.74 billion, a price-to-earnings ratio of 47.59, a PEG ratio of 4.70 and a beta of 0.88. The company has a 50 day moving average of $1,007.23 and a 200-day moving average of $963.04. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,096.50.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $70.12 billion. Costco Wholesale had a net margin of 3.01% and a return on equity of 28.72%. During the same period in the prior year, the business earned $4.28 EPS. On average, equities analysts forecast that Costco Wholesale Corporation will post 20.36 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a $1.47 dividend. The ex-dividend date of this dividend was Friday, May 1st. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.30. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s payout ratio is 30.58%.

Key Costco Wholesale News

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

• Positive Sentiment: Costco’s Q3 comparable sales rose 9.8%, with adjusted comps up 6.6% on higher traffic and bigger baskets, showing healthy underlying demand. Is Costco’s 9.8% Comparable Sales Growth Stronger Than It Looks?
• Positive Sentiment: Analysts at Jefferies said Costco’s value strategy, membership growth, fuel business, and digital operations continue to support sales momentum after a strong fiscal third quarter. Costco’s value strategy, membership growth support outlook after strong quarter, says Jefferies
• Positive Sentiment: DA Davidson reiterated a bullish view, calling Costco a “best-of-breed” retailer with strong returns on equity and a $1,000 price target. Costco Wholesale Is A ‘Best-of-Breed Bison,’ Analyst Explains Why
• Neutral Sentiment: Some commentary notes that part of the sales growth was boosted by fuel and foreign exchange, suggesting the headline comp number may overstate the core business trend. Is Costco’s 9.8% Comparable Sales Growth Stronger Than It Looks?
• Neutral Sentiment: Several articles emphasize that despite strong revenue growth, the stock has not been able to build momentum, implying investors may already expect excellent results from Costco. Why Even 12% Revenue Growth in Q3 Wasn’t Enough to Give Costco’s Stock a Boost
• Negative Sentiment: Costco’s stock has been falling in the wake of earnings, with investors seemingly taking profits or worrying that membership growth is slowing relative to sales momentum. Why analysts are backing Costco despite its post-earnings slump

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.