Costco Wholesale Corporation $COST Stock Purchased by Turtle Creek Wealth Advisors LLC

by · The Cerbat Gem

Turtle Creek Wealth Advisors LLC grew its position in shares of Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 13.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 18,745 shares of the retailer’s stock after buying an additional 2,183 shares during the period. Costco Wholesale makes up about 0.8% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 28th biggest holding. Turtle Creek Wealth Advisors LLC’s holdings in Costco Wholesale were worth $16,006,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE bought a new position in shares of Costco Wholesale in the 2nd quarter worth $6,781,946,000. Diamant Asset Management Inc. grew its position in Costco Wholesale by 99,278.0% in the 1st quarter. Diamant Asset Management Inc. now owns 6,726,899 shares of the retailer’s stock valued at $672,690,000 after purchasing an additional 6,720,130 shares during the period. State Street Corp increased its stake in Costco Wholesale by 31.7% during the 2nd quarter. State Street Corp now owns 23,901,594 shares of the retailer’s stock valued at $22,359,224,000 after purchasing an additional 5,749,362 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Costco Wholesale by 838.9% during the fourth quarter. Corient Private Wealth LLC now owns 6,125,405 shares of the retailer’s stock valued at $5,282,182,000 after buying an additional 5,472,968 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Costco Wholesale during the second quarter valued at about $2,362,188,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on COST. Royal Bank Of Canada reissued a “sector perform” rating and set a $1,000.00 target price on shares of Costco Wholesale in a research report on Friday, October 9th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Costco Wholesale from $1,091.00 to $1,079.00 and set a “buy” rating on the stock in a research report on Monday, September 28th. BTIG Research reiterated a “buy” rating and set a $1,125.00 price target on shares of Costco Wholesale in a research note on Wednesday, September 23rd. Sanford C. Bernstein dropped their price objective on Costco Wholesale from $1,144.00 to $1,143.00 and set an “outperform” rating on the stock in a research note on Friday, September 25th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Costco Wholesale in a report on Friday, September 25th. Twenty-four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,087.40.

View Our Latest Stock Report on Costco Wholesale

Costco Wholesale Trading Down 0.4%

Shares of COST stock opened at $978.01 on Friday. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week high of $1,096.50. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.62 and a current ratio of 1.06. The company has a 50-day simple moving average of $932.33 and a two-hundred day simple moving average of $963.09. The company has a market capitalization of $433.38 billion, a price-to-earnings ratio of 47.11, a PEG ratio of 4.20 and a beta of 0.88.

Costco Wholesale (NASDAQ:COST – Get Free Report) last posted its quarterly earnings data on Thursday, September 24th. The retailer reported $6.75 EPS for the quarter, beating the consensus estimate of $6.54 by $0.21. Costco Wholesale had a net margin of 3.04% and a return on equity of 27.60%. The firm had revenue of $95.72 billion during the quarter, compared to analyst estimates of $94.97 billion. During the same quarter last year, the business posted $5.87 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Research analysts anticipate that Costco Wholesale Corporation will post 22.70 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $5.88 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio is currently 28.32%.

Costco Wholesale News Summary

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

  • Positive Sentiment: Major price-target increase: Tigress Financial raised its COST price target from $1,065 to $1,250 and assigned a “buy” rating, implying substantial potential upside. Costco analyst price target report
  • Positive Sentiment: Strong operating momentum: Costco reported September net sales of $30.02 billion, up 13% year over year, while digitally enabled sales increased 19%. The results support the strength of its membership model and e-commerce business. Costco September sales report
  • Positive Sentiment: Defensive positioning: Higher-than-expected inflation has encouraged investors to favor retailers selling essential goods. Costco benefited from this rotation alongside Walmart and Target. Retail defensive-sector rotation
  • Positive Sentiment: Dividend and expansion: Costco declared a quarterly dividend of $1.47 per share, payable November 13. Proposed new warehouses in Oakland and Merced County also point to continued long-term store expansion. Costco dividend announcement
  • Neutral Sentiment: Analysts continue to expect earnings growth, with one estimate for fiscal 2027 EPS raised to $22.80. However, commentary describing COST as a portfolio-risk amplifier suggests investors remain focused on its correlation with the broader market and premium valuation. Costco market risk analysis
  • Negative Sentiment: Valuation and insider selling: Costco trades at a high earnings multiple, leaving the stock vulnerable to disappointment in membership, sales or consumer spending trends. Separately, EVP William Richard Wilcox sold 1,100 shares worth approximately $1.05 million, reducing his position by 26.23%. Costco insider sale report

Insider Activity at Costco Wholesale

In related news, EVP Claudine Adamo sold 2,200 shares of the stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $915.93, for a total transaction of $2,015,046.00. Following the completion of the sale, the executive vice president directly owned 7,134 shares of the company’s stock, valued at approximately $6,534,244.62. This trade represents a 23.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP William Richard Wilcox sold 1,100 shares of Costco Wholesale stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $958.21, for a total value of $1,054,031.00. Following the sale, the executive vice president owned 3,094 shares in the company, valued at $2,964,701.74. This trade represents a 26.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.10% of the company’s stock.

Costco Wholesale Company Profile

(Free Report)

Costco Wholesale Corporation operates a membership-based warehouse retail business under the Costco name. The company sells a broad selection of merchandise, including groceries, fresh foods, beverages, appliances, electronics, furniture, apparel, jewelry, hardware, and seasonal products. It also offers services such as gasoline, pharmacies, optical departments, hearing-aid centers, food courts, travel services, and business delivery in selected markets.

Costco markets many products under its private-label Kirkland Signature brand and sells merchandise through warehouse locations and e-commerce platforms.

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