Simplicity Wealth LLC Has $22.87 Million Stock Position in Costco Wholesale Corporation $COST

Simplicity Wealth LLC raised its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 162.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,449 shares of the retailer’s stock after acquiring an additional 15,117 shares during the quarter. Costco Wholesale makes up approximately 0.8% of Simplicity Wealth LLC’s holdings, making the stock its 23rd biggest position. Simplicity Wealth LLC’s holdings in Costco Wholesale were worth $22,871,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $27,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $28,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $28,000. Entrust Financial LLC bought a new position in shares of Costco Wholesale in the fourth quarter valued at $31,000. Finally, Joseph Group Capital Management acquired a new position in Costco Wholesale during the fourth quarter worth $33,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $934.66 on Friday. The company has a market cap of $414.50 billion, a price-to-earnings ratio of 47.02, a PEG ratio of 4.55 and a beta of 0.87. The stock has a fifty day moving average price of $945.92 and a 200-day moving average price of $980.16. Costco Wholesale Corporation has a fifty-two week low of $844.06 and a fifty-two week high of $1,096.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 1.07.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data 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). Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.The firm had revenue of $70.53 billion for the quarter, compared to analyst estimates of $70.12 billion. During the same quarter in the previous year, the company earned $4.28 earnings per share. As a group, equities analysts anticipate that Costco Wholesale Corporation will post 20.42 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently declared 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 was Friday, July 24th. This represents a $5.88 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is currently 29.58%.

Insider Transactions at Costco Wholesale

In related news, Director Kenneth D. Denman sold 885 shares of Costco Wholesale 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 transaction, the director directly owned 4,779 shares of the company’s stock, valued at $4,575,653.55. This trade represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on COST. BTIG Research reiterated a “buy” rating and issued a $1,125.00 price target on shares of Costco Wholesale in a research note on Friday, May 29th. JPMorgan Chase & Co. dropped their target price on shares of Costco Wholesale from $1,110.00 to $1,100.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. TD Cowen reaffirmed a “buy” rating and set a $1,175.00 price target on shares of Costco Wholesale in a report on Wednesday, June 3rd. Truist Financial lifted their target price on shares of Costco Wholesale from $977.00 to $1,011.00 and gave the stock a “hold” rating in a report on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,120.00 price target on shares of Costco Wholesale in a report on Thursday, August 6th. Twenty-two 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 stock. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,059.53.

Trending Headlines about Costco Wholesale

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

• Positive Sentiment: Costco’s membership program remains a key long-term growth engine, with recurring membership revenue and renewal strength potentially supporting profitability and cash flow. Costco Has a Secret Growth Engine
• Positive Sentiment: Analysts and commentators continue to view Costco as a durable long-term compounder; one projection suggests a $10,000 investment could grow to $13,400 over five years, although that is an opinion rather than company guidance. Costco Five-Year Investment Projection
• Positive Sentiment: Costco is expanding its physical footprint with a new Celina, Texas, warehouse, while a delivery upgrade could improve convenience and sales of popular merchandise. Costco Celina Warehouse
• Positive Sentiment: A partnership with SCAN Health Plan to offer Medicare Advantage and supplemental plans could create an additional member-engagement and revenue opportunity, though the financial impact is not yet clear. Costco and SCAN Medicare Partnership
• Neutral Sentiment: New projects in Newington, New Hampshire, involving Costco and other companies are advancing, but the report provides limited information on Costco’s direct financial benefit. Newington Projects Advance
• Negative Sentiment: Costco’s premium valuation leaves little room for disappointment: the company recently reported quarterly EPS of $4.93, narrowly missing the $4.94 consensus estimate, despite revenue exceeding expectations. Its P/E ratio near 47 also increases sensitivity to weaker-than-expected results. Costco Stock Performance and Key Facts
• Negative Sentiment: Costco is refunding certain tariff duties while defending a related class-action lawsuit. Refund costs, possible liabilities, and reputational concerns may weigh on investor sentiment. Costco Tariff Refunds and Lawsuit
• Negative Sentiment: Competitive pressure is increasing as JCPenney targets the same value-oriented, “treasure hunt” retail appeal, potentially challenging Costco’s customer engagement at the margin. JCPenney Targets Costco’s Retail Strategy

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.