Costco Wholesale Corporation $COST Stock Holdings Lessened by Constitution Capital LLC

Constitution Capital LLC lessened its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 74.9% in the second quarter, Holdings Channel.com reports. The fund owned 2,452 shares of the retailer’s stock after selling 7,325 shares during the quarter. Costco Wholesale comprises about 1.2% of Constitution Capital LLC’s holdings, making the stock its 25th biggest position. Constitution Capital LLC’s holdings in Costco Wholesale were worth $2,294,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of Costco Wholesale by 12.3% during the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after purchasing an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after purchasing an additional 130 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Costco Wholesale by 4.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,853 shares of the retailer’s stock worth $3,814,000 after purchasing an additional 165 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its stake in Costco Wholesale by 1.1% in the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,110 shares of the retailer’s stock worth $2,089,000 after purchasing an additional 23 shares in the last quarter. Finally, Schnieders Capital Management LLC. raised its holdings in Costco Wholesale by 2.2% during the 2nd quarter. Schnieders Capital Management LLC. now owns 8,502 shares of the retailer’s stock worth $8,416,000 after buying an additional 182 shares during the period. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Up 0.5%

Shares of Costco Wholesale stock opened at $952.75 on Tuesday. Costco Wholesale Corporation has a 1 year low of $844.06 and a 1 year high of $1,096.50. The company has a market cap of $422.53 billion, a P/E ratio of 47.93, a P/E/G ratio of 4.51 and a beta of 0.87. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $950.64 and a 200 day moving average price of $982.05.

Costco Wholesale (NASDAQ:COST) last released its earnings results 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). The business had revenue of $70.53 billion for the quarter, compared to analysts’ expectations 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 last year, the firm earned $4.28 EPS. As a group, analysts expect that Costco Wholesale Corporation will post 20.42 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s payout ratio is presently 29.58%.

Insider Buying and Selling

In other Costco Wholesale news, Director Kenneth D. Denman sold 885 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total value of $847,343.25. Following the completion of the sale, the director owned 4,779 shares in the company, valued at $4,575,653.55. This represents a 15.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% 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 July net sales of $23.12 billion, up 10.7% year over year. Comparable sales increased 8.9% overall and 10.3% in the United States, indicating resilient consumer demand and continued traffic strength. Costco Delivered Another Strong Sales Print in July
• Positive Sentiment: Analysts highlighted Costco’s value-focused pricing, quality merchandise, broad warehouse footprint and strong digitally enabled sales as advantages in a cautious consumer environment. The results suggest momentum could continue into the second half of the year. Can Costco Keep Its Sales Momentum Going After a Solid July?
• Positive Sentiment: Costco may add another warehouse in North Texas, signaling continued investment in store expansion. More locations could increase membership growth, sales and operating scale, although the potential site is not yet confirmed. Costco May Add Another Store in North Texas
• Neutral Sentiment: Coverage of Costco’s rapid store construction points to an efficient expansion process, potentially helping the company open warehouses faster and capture demand, though it does not represent a new financial result. The Secret Behind Why Costco Stores Get Built So Fast
• Neutral Sentiment: Analyst coverage continues to emphasize Costco’s membership strength and growth opportunities, but the shares remain valued at a premium. Costco’s roughly 48 price-to-earnings ratio leaves less room for disappointment if sales growth slows or margins weaken. Top Analyst Reports for Costco, Chevron and Home Depot
• Negative Sentiment: Investors are still watching whether Costco can sustain its rapid sales pace after July. Its recent quarterly EPS slightly missed estimates, adding sensitivity to the upcoming earnings report despite a revenue beat. Can Costco Keep Its Sales Momentum Going After a Solid July?

Analysts Set New Price Targets

A number of analysts have commented on COST shares. Weiss Ratings lowered shares of Costco Wholesale from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. BTIG Research reissued a “buy” rating and issued a $1,125.00 target price on shares of Costco Wholesale in a research report on Friday, May 29th. The Goldman Sachs Group upped their price target on shares of Costco Wholesale from $1,088.00 to $1,159.00 and gave the company a “buy” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. decreased their price objective on shares of Costco Wholesale from $1,110.00 to $1,100.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Finally, Guggenheim reaffirmed a “neutral” 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 issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,059.53.

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.