Sax Wealth Advisors LLC Grows Stock Position in Costco Wholesale Corporation $COST

Sax Wealth Advisors LLC raised its position in Costco Wholesale Corporation (NASDAQ:COST) by 80.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,083 shares of the retailer’s stock after acquiring an additional 1,371 shares during the period. Sax Wealth Advisors LLC’s holdings in Costco Wholesale were worth $3,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Adamsbrown Wealth Consultants LLC lifted its stake in shares of Costco Wholesale by 64.7% during the 2nd quarter. Adamsbrown Wealth Consultants LLC now owns 588 shares of the retailer’s stock valued at $550,000 after buying an additional 231 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Costco Wholesale by 9.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 10,525 shares of the retailer’s stock valued at $9,846,000 after buying an additional 896 shares in the last quarter. Pine Haven Investment Counsel Inc raised its holdings in Costco Wholesale by 0.3% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 5,474 shares of the retailer’s stock valued at $5,121,000 after acquiring an additional 18 shares during the period. Breakwater Capital Group raised its holdings in Costco Wholesale by 5.0% during the 2nd quarter. Breakwater Capital Group now owns 1,006 shares of the retailer’s stock valued at $941,000 after acquiring an additional 48 shares during the period. Finally, Norway Savings Bank lifted its position in shares of Costco Wholesale by 0.9% during the second quarter. Norway Savings Bank now owns 4,318 shares of the retailer’s stock worth $4,039,000 after acquiring an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. 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 report on Friday, May 29th. Roth Capital raised their target price on Costco Wholesale from $769.00 to $781.00 and gave the stock a “sell” rating in a research note on Friday, May 29th. Citigroup initiated coverage on Costco Wholesale in a research report on Thursday, June 18th. They set a “neutral” rating and a $1,020.00 price target on the stock. Royal Bank Of Canada initiated coverage on shares of Costco Wholesale in a report on Monday, July 13th. They issued a “sector perform” rating and a $1,000.00 price target on the stock. Finally, HC Wainwright restated a “buy” rating on shares of Costco Wholesale in a research report on Monday, June 1st. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,059.53.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $947.82 on Monday. 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 1 year low of $844.06 and a 1 year high of $1,096.50. The firm has a market cap of $420.34 billion, a PE ratio of 47.68, a PEG ratio of 4.51 and a beta of 0.87. The company has a 50 day simple moving average of $950.51 and a two-hundred day simple moving average of $982.13.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 EPS for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.The company had revenue of $70.53 billion during the quarter, compared to the consensus estimate of $70.12 billion. During the same period in the previous year, the company earned $4.28 EPS. Analysts expect that Costco Wholesale Corporation will post 20.42 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

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

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, Director Kenneth D. Denman sold 885 shares of Costco Wholesale stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total transaction of $847,343.25. Following the completion of the sale, the director owned 4,779 shares of the company’s stock, valued at $4,575,653.55. The trade was a 15.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Key Headlines Impacting Costco Wholesale

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

• Positive Sentiment: Strong July sales support the growth narrative. Costco reported July net sales of $23.12 billion, up 10.7% year over year. Sales for the first 48 weeks rose 10.1% to $273.55 billion, suggesting resilient consumer demand and continued momentum across its warehouse business. Comparable sales also increased, a key measure for retail investors. Costco Wholesale Corporation Reports July Sales Results
• Positive Sentiment: New warehouse openings are drawing strong customer interest. Reports from the Capital Region and Oconomowoc describe enthusiastic crowds for Costco’s latest locations. Successful openings can expand the membership base, warehouse footprint and long-term sales potential, although the near-term financial contribution is likely limited. New Costco Opens in Oconomowoc to Enthusiastic Shoppers
• Positive Sentiment: Costco’s private-label strategy remains influential. Lord & Taylor is reportedly considering a Costco-like approach centered on private-label merchandise, highlighting the strength of Costco’s Kirkland Signature brand and the competitive value of its membership model. Formerly Bankrupt Lord and Taylor Bets on Costco Strategy
• Neutral Sentiment: Coverage of a potential business-center expansion and the role of pharmacy operations offers possible strategic upside, but no specific financial impact or firm expansion plan was provided. Costco Business Center Plan
• Negative Sentiment: Valuation is limiting enthusiasm. Analysts and tactical-investing commentary characterize COST as fairly valued or advise patience for a pullback, with one analysis identifying a potential buying range near $820–$860. Costco trades at a high earnings multiple, leaving the stock vulnerable if sales growth slows or results fail to exceed expectations. How Tactical Buyers Should Play Costco Today

About Costco Wholesale

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.