Evexia Wealth LLC Lowers Holdings in Costco Wholesale Corporation $COST

Evexia Wealth LLC decreased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 17.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,292 shares of the retailer’s stock after selling 1,940 shares during the quarter. Costco Wholesale comprises 2.6% of Evexia Wealth LLC’s holdings, making the stock its 16th largest holding. Evexia Wealth LLC’s holdings in Costco Wholesale were worth $9,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Costco Wholesale in the fourth quarter valued at about $5,195,415,000. Corient Private Wealth LLC boosted its stake 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. Cardano Risk Management B.V. increased its position in shares of Costco Wholesale by 907.1% during the fourth quarter. Cardano Risk Management B.V. now owns 1,785,080 shares of the retailer’s stock valued at $1,539,346,000 after acquiring an additional 1,607,833 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Costco Wholesale by 1,586.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,137,436 shares of the retailer’s stock valued at $980,857,000 after acquiring an additional 1,070,005 shares during the last quarter. Finally, Amundi raised its stake in shares of Costco Wholesale by 45.0% in the 3rd quarter. Amundi now owns 3,176,606 shares of the retailer’s stock valued at $2,893,697,000 after acquiring an additional 986,182 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.0%

COST opened at $951.35 on Tuesday. The business has a fifty day moving average price of $998.58 and a 200 day moving average price of $969.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.61. Costco Wholesale Corporation has a 12 month low of $844.06 and a 12 month high of $1,096.50. The stock has a market capitalization of $421.90 billion, a price-to-earnings ratio of 47.85, a PEG ratio of 4.61 and a beta of 0.88.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) 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 28.04%. During the same period in the prior year, the business earned $4.28 EPS. Sell-side analysts expect that Costco Wholesale Corporation will post 20.38 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of Costco Wholesale from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, June 4th. Raymond James Financial lifted their target price on shares of Costco Wholesale from $1,000.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Daiwa Securities Group upped their price target on Costco Wholesale from $917.00 to $975.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Truist Financial raised their price target on Costco Wholesale from $977.00 to $1,011.00 and gave the stock a “hold” rating in a research report on Friday, May 29th. Finally, Bank of America lifted their price objective on Costco Wholesale from $1,185.00 to $1,200.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $1,061.45.

More Costco Wholesale News

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

• Positive Sentiment: Analysts and market commentary said Costco’s membership model looks even stronger, citing higher renewal rates, executive upgrades, and solid fee income growth that point to durable customer loyalty and steady recurring revenue. Is Costco Wholesale’s Membership Model Getting Even Stronger?
• Positive Sentiment: Higher fuel prices may be sending more shoppers to Costco gas stations, which can increase in-store traffic and support a spillover lift in merchandise sales. 1 Big Catalyst for Costco Stock Right Now
• Positive Sentiment: One article argued that Costco’s low-price model can remain resilient even if the Fed keeps rates elevated, because value-oriented shopping tends to hold up well in inflationary periods. 1 Reason Why the Fed’s Decision to Keep Interest Rates Steady Is No Match for Costco Stock
• Neutral Sentiment: Costco is also getting attention as a potential beneficiary of heavy summer spending and online competition, but the articles focus more on Amazon’s Prime Day and broader retail activity than on a direct new catalyst for Costco. Amazon’s Prime Day sale could spur $26.3B in US e-commerce
• Neutral Sentiment: There was also chatter about Costco’s CFO and the timing of a possible special dividend, but the discussion did not confirm any new payout decision, so it is more of a speculation-driven headline than a clear catalyst. Costco’s CFO just answered the special-dividend question
• Negative Sentiment: One report noted that some Costco members are raising inventory complaints, which could hint at occasional merchandising or availability issues that may frustrate shoppers. Costco members voice surprising inventory complaint
• Negative Sentiment: A Fortune report said quartz countertop fabrication has caused serious lung disease among workers, including in jobs tied to Costco kitchens, which could add reputational or legal pressure. Your quartz countertop is the new asbestos — for the workers who cut it

Costco Wholesale Company 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.