SteelPeak Wealth LLC Boosts Stake in Costco Wholesale Corporation $COST

SteelPeak Wealth LLC increased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 11.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,440 shares of the retailer’s stock after acquiring an additional 1,554 shares during the period. SteelPeak Wealth LLC’s holdings in Costco Wholesale were worth $15,385,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Brighton Jones LLC increased its position in shares of Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after buying an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Costco Wholesale by 13.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after buying an additional 130 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Costco Wholesale by 4.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,853 shares of the retailer’s stock valued at $3,814,000 after buying an additional 165 shares in the last quarter. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Costco Wholesale by 1.1% during the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,110 shares of the retailer’s stock valued at $2,089,000 after buying an additional 23 shares in the last quarter. Finally, Schnieders Capital Management LLC. grew its stake in Costco Wholesale by 2.2% in the 2nd quarter. Schnieders Capital Management LLC. now owns 8,502 shares of the retailer’s stock valued at $8,416,000 after acquiring an additional 182 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In related news, Director Kenneth D. Denman sold 885 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total transaction of $847,343.25. Following the transaction, the director directly owned 4,779 shares in the company, valued at approximately $4,575,653.55. The trade was a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on COST. Guggenheim reissued a “neutral” rating on shares of Costco Wholesale in a report on Monday, June 1st. Wells Fargo & Company increased their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Roth Capital lifted their target price on shares of Costco Wholesale from $769.00 to $781.00 and gave the company a “sell” rating in a research report on Friday, May 29th. UBS Group boosted their target price on shares of Costco Wholesale from $1,205.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Finally, Telsey Advisory Group upped their price target on shares of Costco Wholesale from $1,125.00 to $1,135.00 and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Twenty-two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,059.07.

Costco Wholesale Stock Up 3.2%

NASDAQ COST opened at $945.57 on Friday. The business has a fifty day moving average price of $977.09 and a 200 day moving average price of $977.80. Costco Wholesale Corporation has a one year low of $844.06 and a one year 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. The company has a market cap of $419.34 billion, a P/E ratio of 47.56, a P/E/G ratio of 4.44 and a beta of 0.88.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 earnings per share for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. The firm had revenue of $70.53 billion during the quarter, compared to analysts’ expectations of $70.12 billion. During the same quarter in the previous year, the business posted $4.28 EPS. Research analysts anticipate that Costco Wholesale Corporation will post 20.38 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, July 24th. Costco Wholesale’s dividend payout ratio (DPR) is currently 29.58%.

Key Stories Impacting Costco Wholesale

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

• Positive Sentiment: Costco is set to go ex-dividend on Friday, July 24, with the payout scheduled for August 7, which may be supporting near-term interest from income-focused investors. 2 Well-Known Stocks Are Ready to Pay You Dividends – But You Must Act Before July 24
• Positive Sentiment: New articles highlighted Costco’s strong long-term performance and continued consumer demand, reinforcing the view that the retailer remains a high-quality defensive name. Verizon to Lay Off 3,000 Workers as Part of Broader Restructuring
• Neutral Sentiment: One report said Costco’s June sales growth slowed, but also noted resilient demand, digital gains, and rising estimates; the takeaway was mixed rather than clearly negative. Is Costco Stock Still a Buy After Its June Sales Update?
• Neutral Sentiment: Another article argued Costco still looks expensive after its big multi-year run, which keeps valuation concerns in focus for investors. Costco (COST) Stock Still Looks Overvalued As Its 133% Run Draws Scrutiny
• Neutral Sentiment: Several other stories were broadly informational, including dividend math, comparisons with Walmart, warehouse expansion chatter, and consumer-product placement at Costco, but they do not appear to be major stock drivers on their own. Here’s How Many Shares of Costco Stock You’d Need for $1,000 in Yearly Dividends

Costco Wholesale 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.