Sumitomo Life Insurance Co. Has $4.59 Million Position in Costco Wholesale Corporation (NASDAQ:COST)

14 Jul 2025, 18:38 by Michael Walen · The Markets Daily

Sumitomo Life Insurance Co. lowered its position in Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 1.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,857 shares of the retailer’s stock after selling 74 shares during the period. Sumitomo Life Insurance Co.’s holdings in Costco Wholesale were worth $4,594,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in COST. Brighton Jones LLC increased its holdings in Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after buying an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Costco Wholesale by 13.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after purchasing an additional 130 shares during the period. Bank Pictet & Cie Europe AG boosted its position in Costco Wholesale by 45.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer’s stock worth $107,436,000 after purchasing an additional 36,384 shares during the period. Highview Capital Management LLC DE boosted its position in Costco Wholesale by 0.8% during the fourth quarter. Highview Capital Management LLC DE now owns 4,813 shares of the retailer’s stock worth $4,410,000 after purchasing an additional 40 shares during the period. Finally, Hudson Value Partners LLC boosted its position in Costco Wholesale by 5.7% during the fourth quarter. Hudson Value Partners LLC now owns 8,501 shares of the retailer’s stock worth $7,789,000 after purchasing an additional 455 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $970.33 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. The stock has a fifty day moving average price of $1,003.77 and a two-hundred day moving average price of $982.24. Costco Wholesale Corporation has a 52-week low of $793.00 and a 52-week high of $1,078.24. The firm has a market capitalization of $430.32 billion, a P/E ratio of 55.04, a P/E/G ratio of 6.03 and a beta of 0.97.

Costco Wholesale (NASDAQ:COST – Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.04. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The firm had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. During the same period in the prior year, the company posted $3.78 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were paid a dividend of $1.30 per share. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.16. This represents a $5.20 annualized dividend and a yield of 0.54%. The ex-dividend date was Friday, May 2nd. Costco Wholesale’s dividend payout ratio is currently 29.50%.

Insider Buying and Selling

In other Costco Wholesale news, EVP Patrick J. Callans sold 3,000 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the completion of the transaction, the executive vice president directly owned 58,543 shares in the company, valued at $58,705,164.11. This represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan L. Decker sold 547 shares of the stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total transaction of $536,060.00. Following the sale, the director directly owned 11,531 shares in the company, valued at approximately $11,300,380. This represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,547 shares of company stock valued at $9,496,950. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on COST shares. Wall Street Zen raised Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Stifel Nicolaus set a $1,035.00 target price on Costco Wholesale in a research report on Thursday, May 29th. Truist Financial upped their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a research report on Friday, May 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Thursday. Finally, Cfra Research raised Costco Wholesale from a “hold” rating to a “moderate buy” rating in a research report on Friday, April 4th. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,037.48.

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