Harbour Wealth Management Group Inc. Makes New Investment in Costco Wholesale Corporation $COST

Harbour Wealth Management Group Inc. purchased a new position in shares of Costco Wholesale Corporation (NASDAQ:COST) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,069 shares of the retailer’s stock, valued at approximately $922,000.

Other institutional investors have also made changes to their positions in the company. Hurley Capital LLC raised its position in Costco Wholesale by 120.0% during the third quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock valued at $31,000 after acquiring an additional 18 shares in the last quarter. Entrust Financial LLC bought a new stake in Costco Wholesale in the fourth quarter worth approximately $31,000. Joseph Group Capital Management bought a new stake in Costco Wholesale in the fourth quarter worth approximately $33,000. Imprint Wealth LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth $36,000. Finally, eCIO Inc. acquired a new position in shares of Costco Wholesale during the 4th quarter worth $39,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 1.5%

Shares of NASDAQ:COST opened at $951.45 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 1.07. The stock’s 50-day moving average is $1,001.77 and its 200-day moving average is $969.14. The company has a market cap of $421.95 billion, a P/E ratio of 47.86, a P/E/G ratio of 4.68 and a beta of 0.88. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week high of $1,096.50.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 earnings per share for the quarter, missing the consensus estimate of $4.94 by ($0.01). Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.The business had revenue of $70.53 billion for the quarter, compared to analyst estimates of $70.12 billion. During the same period in the prior year, the firm posted $4.28 EPS. Equities research analysts predict that Costco Wholesale Corporation will post 20.38 earnings per share for the current 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 given a dividend of $1.47 per share. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, May 1st. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio is 29.58%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on COST. Sanford C. Bernstein lifted their price objective on shares of Costco Wholesale from $1,192.00 to $1,194.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Evercore set a $1,100.00 target price on shares of Costco Wholesale in a research report on Monday, March 2nd. Weiss Ratings raised Costco Wholesale from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 4th. Guggenheim reaffirmed a “neutral” rating on shares of Costco Wholesale in a research report on Monday, June 1st. Finally, HC Wainwright reiterated a “buy” rating on shares of Costco Wholesale in a research note on Monday, June 1st. Twenty-two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,061.45.

Costco Wholesale News Summary

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

• Positive Sentiment: Costco continues to show strong underlying demand, with May sales growth, high membership renewal rates, and faster-growing digital/e-commerce channels supporting the long-term growth story. How Investors May Respond To Costco (COST) Digital Momentum Amid Valuation Jitters And Macro Uncertainty
• Positive Sentiment: Costco lowered prices on some Kirkland Signature items, reinforcing its value proposition for inflation-conscious shoppers and potentially helping traffic and member loyalty. Why Weakness in Dividend-Paying Costco Stock Is a Strong Buying Opportunity
• Positive Sentiment: A new Costco gas station was approved in a Bay Area city, adding another potential traffic driver and incremental fuel-related sales opportunity. This Bay Area city approves new Costco gas station
• Neutral Sentiment: Citigroup initiated coverage with a neutral rating and a $1,020 price target, which is above the recent trading level but does not signal a strong near-term catalyst. Benzinga coverage of Citigroup initiation
• Negative Sentiment: Analyst commentary is divided, with one report noting that Costco shares fell after Citi and Bernstein issued conflicting views, adding to uncertainty around the stock’s premium valuation. Costco Stock (COST) Drops as Analysts Can’t Agree on the Big-Box Retailer
• Negative Sentiment: Several recent articles focus on whether Costco’s stock is too expensive near the $1,000 level, reflecting valuation jitters that can pressure shares when growth expectations are already high. Costco at $1,000: A Timeless Business, Is the Stock Still a Buy or a Bubble?

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.