1,034 Shares of Costco Wholesale Corporation $COST Acquired by Fortress Financial Solutions LLC

Key Points

• Fortress Financial Solutions acquired 1,034 Costco shares worth approximately $942,000, while institutional investors overall own 68.48% of the company.
• Costco reported a quarterly earnings and revenue beat, with EPS of $6.75 and revenue of $95.72 billion, up 11.1% year over year. The company declared a quarterly dividend of $1.47 per share, yielding about 0.6%.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and $1,081.79 price target, although Costco’s elevated valuation and recent insider selling remain potential risks.

Fortress Financial Solutions LLC acquired a new stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,034 shares of the retailer's stock, valued at approximately $942,000. Costco Wholesale makes up approximately 0.8% of Fortress Financial Solutions LLC's portfolio, making the stock its 29th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Sarasin & Partners LLP lifted its holdings in shares of Costco Wholesale by 6.9% in the 2nd quarter. Sarasin & Partners LLP now owns 214,194 shares of the retailer's stock worth $200,372,000 after acquiring an additional 13,795 shares during the last quarter. Nissay Asset Management Corp Japan grew its holdings in Costco Wholesale by 4.1% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 158,416 shares of the retailer's stock worth $148,193,000 after acquiring an additional 6,200 shares during the last quarter. Hyperion Asset Management Ltd grew its stake in shares of Costco Wholesale by 9.0% in the second quarter. Hyperion Asset Management Ltd now owns 68,762 shares of the retailer's stock worth $64,325,000 after purchasing an additional 5,656 shares during the last quarter. Silvant Capital Management LLC bought a new stake in shares of Costco Wholesale in the 2nd quarter worth approximately $16,013,000. Finally, Concurrent Investment Advisors LLC boosted its holdings in Costco Wholesale by 15.0% in the second quarter. Concurrent Investment Advisors LLC now owns 22,766 shares of the retailer's stock valued at $21,297,000 after acquiring an additional 2,974 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Up 2.9%

Shares of COST stock opened at $982.00 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.62 and a current ratio of 1.06. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week high of $1,096.50. The stock has a fifty day simple moving average of $931.75 and a two-hundred day simple moving average of $963.13. The firm has a market capitalization of $435.15 billion, a PE ratio of 47.30, a PEG ratio of 4.08 and a beta of 0.88.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings results on Thursday, September 24th. The retailer reported $6.75 EPS for the quarter, topping analysts' consensus estimates of $6.54 by $0.21. The company had revenue of $95.72 billion for the quarter, compared to analysts' expectations of $94.97 billion. Costco Wholesale had a return on equity of 27.60% and a net margin of 3.04%. The firm's revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.87 EPS. On average, analysts predict that Costco Wholesale Corporation will post 22.70 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company 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. This represents a $5.88 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 30th. Costco Wholesale's payout ratio is 28.32%.

Insider Buying and Selling

In other news, EVP Claudine Adamo sold 2,200 shares of the company's 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 sale, the executive vice president directly owned 7,134 shares of the company's stock, valued at $6,534,244.62. This represents a 23.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William Richard Wilcox sold 1,100 shares of the company's stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $958.21, for a total transaction of $1,054,031.00. Following the sale, the executive vice president directly owned 3,094 shares in the company, valued at approximately $2,964,701.74. The trade was a 26.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

COST has been the topic of several research reports. Truist Financial dropped their price target on Costco Wholesale from $1,011.00 to $955.00 and set a "hold" rating on the stock in a research report on Friday, September 25th. Bank of America reduced their price target on shares of Costco Wholesale from $1,200.00 to $1,095.00 and set a "buy" rating for the company in a research report on Wednesday, September 16th. Wells Fargo & Company reduced their price objective on Costco Wholesale from $1,000.00 to $950.00 and set an "equal weight" rating for the company in a report on Friday, September 25th. HSBC raised shares of Costco Wholesale to a "buy" rating in a research report on Friday, September 25th. Finally, JPMorgan Chase & Co. cut their price target on Costco Wholesale from $1,100.00 to $1,015.00 and set an "overweight" rating for the company in a research note on Friday, September 25th. Twenty-three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,081.79.

Costco Wholesale News Roundup

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

• Positive Sentiment: Defensive-sector rotation: Higher inflation prompted investors to move toward companies selling everyday necessities. Costco benefited alongside Walmart and Target as a perceived defensive retailer. Walmart Advances as Inflation Data Sends Money Into Defensives
• Positive Sentiment: Strong September sales momentum: Costco reported September net sales of $30.02 billion, up 13% year over year, while digitally enabled sales rose 19%. The figures reinforce the strength of its membership, value-focused pricing and e-commerce operations. Costco September Sales Jump and Faster Digital Growth
• Positive Sentiment: Dividend declared: Costco’s board approved a quarterly cash dividend of $1.47 per share, payable November 13 to shareholders of record October 30. The payout provides a modest shareholder return and signals continued confidence in cash generation. Costco Announces Quarterly Cash Dividend
• Positive Sentiment: Expansion and balance-sheet support: Analysts highlighted Costco’s approximately $21.3 billion liquidity cushion, manageable debt and robust cash flows as advantages for funding new warehouses and digital investments. A Florida city council also gave an early approval for a new store. How Costco’s Balance Sheet Gives It an Edge
• Positive Sentiment: Positive earnings expectations: Erste Group raised its FY2027 EPS forecast to $22.80 from $22.67 and expects $25.01 for FY2028, modestly above the company’s current-year consensus outlook. Costco analyst estimates
• Neutral Sentiment: Articles highlighting Costco’s influence on home-buying decisions, younger membership growth and exclusive seasonal products reinforce brand engagement but are unlikely to materially change near-term earnings expectations. Inside the Costco Effect
• Negative Sentiment: Costco continues to trade at a demanding valuation, with a high price-to-earnings multiple. That leaves COST vulnerable if sales growth, membership trends or consumer spending weaken.

Costco Wholesale Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.