WNY Asset Management LLC Makes New $807,000 Investment in Costco Wholesale Corporation $COST

WNY Asset Management LLC bought a new stake in shares of Costco Wholesale Corporation (NASDAQ:COST) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 810 shares of the retailer’s stock, valued at approximately $807,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of COST. Segall Bryant & Hamill LLC purchased a new stake in shares of Costco Wholesale in the first quarter worth about $103,794,000. Essential Partners LLC grew its stake in Costco Wholesale by 903.7% during the first quarter. Essential Partners LLC now owns 271 shares of the retailer’s stock valued at $270,000 after acquiring an additional 244 shares in the last quarter. BankChampaign National Association purchased a new position in Costco Wholesale during the first quarter valued at approximately $1,416,000. SHUTTLEWORTH & Co grew its stake in Costco Wholesale by 0.4% during the first quarter. SHUTTLEWORTH & Co now owns 2,442 shares of the retailer’s stock valued at $2,433,000 after acquiring an additional 10 shares in the last quarter. Finally, Leigh Baldwin & CO. LLC increased its holdings in Costco Wholesale by 8.2% during the 1st quarter. Leigh Baldwin & CO. LLC now owns 842 shares of the retailer’s stock worth $839,000 after acquiring an additional 64 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Down 0.2%

COST stock opened at $951.89 on Friday. The company’s 50 day moving average is $955.42 and its 200 day moving average is $982.10. The stock has a market cap of $422.14 billion, a price-to-earnings ratio of 47.88, a price-to-earnings-growth ratio of 4.61 and a beta of 0.88. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,096.50.

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

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be given a dividend of $1.47 per share. The ex-dividend date is 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 29.58%.

More Costco Wholesale News

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

• Positive Sentiment: Analysts and financial publications continue to highlight Costco’s strong momentum, durable membership model, consistent profit growth and long-term shareholder returns. One analysis suggests the retailer could eventually pursue trillion-dollar-company status if it sustains warehouse expansion, membership growth and operating execution. Why Costco Is a Strong Momentum Stock
• Positive Sentiment: Costco’s reported experiment with expanding or changing gasoline sales could create another source of traffic, member engagement and revenue over time, although the financial impact remains uncertain. Costco Gasoline Sales Experiment
• Positive Sentiment: New product partnerships and continued customer interest—including expanded beverage distribution and popular food offerings—reinforce Costco’s ability to attract shoppers and support sales, though these developments are not expected to materially change near-term earnings. Coco5 Costco Partnership

Insider Buying and Selling at Costco Wholesale

In related news, Director Kenneth D. Denman sold 885 shares of the company’s stock in a transaction 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. BTIG Research reiterated a “buy” rating and issued a $1,125.00 target price on shares of Costco Wholesale in a research note on Friday, May 29th. Oppenheimer boosted their price target on shares of Costco Wholesale from $1,100.00 to $1,160.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. The Goldman Sachs Group upped their price target on shares of Costco Wholesale from $1,088.00 to $1,159.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Citigroup initiated coverage on Costco Wholesale in a research report on Thursday, June 18th. They issued a “neutral” rating and a $1,020.00 price objective on the stock. Finally, TD Cowen reissued a “buy” rating and set a $1,175.00 price objective on shares of Costco Wholesale in a research note on Wednesday, June 3rd. Twenty-two analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,059.07.

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.