138,974 Shares in Costco Wholesale Corporation $COST Acquired by Nykredit A S

Key Points

• Nykredit A S acquired 138,974 Costco shares during the second quarter, valued at approximately $130 million. Institutional investors collectively own 68.48% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $1,056.03; individual targets ranged from $1,020 to $1,125.
• Costco recently paid a quarterly dividend of $1.47 per share, equivalent to an annualized $5.88 dividend and a 0.7% yield, while a company director sold 885 shares worth about $847,000.

Nykredit A S bought a new stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 138,974 shares of the retailer's stock, valued at approximately $130,006,000.

Other hedge funds have also bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at $27,000. Lifetime Wealth Management P.C. bought a new stake in shares of Costco Wholesale during the 4th quarter worth $28,000. C M Bidwell & Associates Ltd. purchased a new position in Costco Wholesale in the second quarter worth $28,000. Mcguire Capital Advisors Inc. purchased a new position in Costco Wholesale in the fourth quarter worth $28,000. Finally, Burk Holdings LLC bought a new position in Costco Wholesale in the second quarter valued at $30,000. 68.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Mizuho set a $1,100.00 price target on Costco Wholesale in a research report on Monday, June 1st. Guggenheim reiterated a "neutral" rating on shares of Costco Wholesale in a report on Monday, June 1st. Weiss Ratings lowered Costco Wholesale from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, September 2nd. Citigroup began coverage on Costco Wholesale in a report on Thursday, June 18th. They set a "neutral" rating and a $1,020.00 price objective on the stock. Finally, BTIG Research reissued a "buy" rating and set a $1,125.00 price objective on shares of Costco Wholesale in a report on Thursday, September 3rd. Twenty-two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Costco Wholesale presently has an average rating of "Moderate Buy" and a consensus target price of $1,056.03.

Insiders Place Their Bets

In related news, Director Kenneth Denman sold 885 shares of the firm's stock in a transaction that occurred on Tuesday, June 23rd. The stock was 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 $4,575,653.55. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Costco Wholesale Stock Performance

NASDAQ COST opened at $902.38 on Friday. The company has a 50-day simple moving average of $941.02 and a two-hundred day simple moving average of $974.99. Costco Wholesale Corporation has a 12-month low of $844.06 and a 12-month high of $1,096.50. The firm has a market cap of $400.19 billion, a price-to-earnings ratio of 45.39, a PEG ratio of 3.76 and a beta of 0.86. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.17.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were issued a dividend of $1.47 per share. The ex-dividend date was Friday, July 24th. This represents a $5.88 annualized dividend and a yield of 0.7%. Costco Wholesale's dividend payout ratio is currently 29.58%.

Costco Wholesale News Roundup

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

• Positive Sentiment: Expansion supports long-term growth: Costco plans to open 14 warehouses across the United States and Canada before the end of 2026, including five in October and nine in November. New locations could increase membership, sales and recurring fee revenue. Costco set to expand with 14 new warehouses across US and Canada
• Positive Sentiment: A relocated Newport News warehouse is scheduled to open in November, providing additional capacity and potentially improving the customer experience in that market. Relocated Newport News Costco set to open in November
• Positive Sentiment: Freedom Broker upgraded COST to Buy, offering supportive analyst sentiment after the stock’s recent underperformance. Costco Wholesale Raised to Buy at Freedom Broker
• Positive Sentiment: Coverage highlights Costco’s efforts to improve shopping convenience and add seasonal merchandise, initiatives that may strengthen member loyalty and spending relative to Walmart and Amazon. Costco fixed the one thing members hated about shopping there
• Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day days-to-cover ratio, but the reported increase was listed as “NaN,” making the figures unreliable and unlikely to provide a meaningful trading signal.
• Neutral Sentiment: A profile of a well-paid Costco meat cutter underscores the company’s wages, benefits and employee retention, but has limited direct impact on near-term financial results. Costco employee discusses wages and career choice
• Negative Sentiment: Costco reportedly shut down its online Marketplace service, raising questions about e-commerce execution and the company’s ability to compete digitally. Costco abruptly shuts down Marketplace online service
• Negative Sentiment: Residents near the planned Lee’s Summit warehouse are concerned about traffic, potentially causing permitting, construction or community-relations friction. Residents concerned Costco’s new Lee’s Summit location will cause traffic issues
• Negative Sentiment: Some commentary argues Costco may have lost part of its competitive edge and questions whether the stock’s premium valuation is justified after recent underperformance. Cramer warns Costco may have lost its edge

Costco Wholesale Profile

Costco Wholesale Corporation operates membership-based warehouse clubs that offer a broad selection of merchandise at generally competitive prices. Its product range includes groceries, fresh foods, apparel, appliances, electronics, furniture, jewelry, hardware, and seasonal goods, along with private-label products sold under the Kirkland Signature brand.

The company also provides a variety of ancillary services, including gasoline stations, pharmacies, optical centers, hearing-aid centers, food courts, tire centers, and travel services.

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