4,007 Shares in Costco Wholesale Corporation $COST Purchased by Peak Asset Management LLC

Key Points

• Peak Asset Management acquired 4,007 Costco shares worth approximately $3.75 million during the second quarter, while institutional investors and hedge funds collectively own 68.48% of the stock.
• Costco director Kenneth Denman sold 885 shares for about $847,000, reducing his position by 15.62%; company insiders own just 0.10% of outstanding shares.
• Costco shares opened at $915.74, down 1.0%, and trade at a high valuation with a P/E ratio of 46.06. The company recently paid a quarterly dividend of $1.47, equivalent to an annualized yield of 0.6%, while analysts maintain a consensus “Moderate Buy” rating and a $1,056.90 price target.

Peak Asset Management LLC purchased a new position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,007 shares of the retailer's stock, valued at approximately $3,748,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of COST. Fiduciary Financial Advisors bought a new position in shares of Costco Wholesale during the 2nd quarter valued at about $1,327,000. Manning & Napier Advisors LLC acquired a new position in shares of Costco Wholesale in the 2nd quarter worth approximately $30,000. Tandem Financial LLC bought a new stake in shares of Costco Wholesale in the 2nd quarter worth approximately $243,000. L2 Asset Management LLC bought a new stake in shares of Costco Wholesale in the 2nd quarter worth approximately $2,374,000. Finally, Vega Investment Solutions acquired a new stake in Costco Wholesale during the second quarter valued at approximately $419,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Kenneth Denman sold 885 shares of the company's stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total transaction of $847,343.25. Following the completion of the sale, the director owned 4,779 shares in the company, valued at approximately $4,575,653.55. This represents a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company's stock.

Costco Wholesale Stock Down 1.0%

Costco Wholesale stock opened at $915.74 on Friday. 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. The firm's fifty day simple moving average is $943.58 and its 200-day simple moving average is $977.75. The company has a market capitalization of $406.11 billion, a P/E ratio of 46.06, a P/E/G ratio of 3.84 and a beta of 0.86.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were given a $1.47 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale's payout ratio is currently 29.58%.

Key Stories Impacting Costco Wholesale

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

• Positive Sentiment: Strong August sales: Net sales increased 9.9% year over year, with comparable sales rising across regions and digitally enabled sales advancing 17.9%. The figures point to resilient member demand and continued e-commerce momentum. Costco's August Sales Rise 9.9% as Digital Growth Stays Strong
• Positive Sentiment: Analyst support remains broad: BTIG reiterated a Buy rating with a $1,125 target, while Bank of America maintained its Buy rating and $1,200 target. Analysts cited resilient core performance, market-share gains, and higher earnings estimates. BTIG Reaffirms Buy on Costco
• Positive Sentiment: Long-term shareholder appeal: Commentary highlighted Costco’s consistent dividend growth since 2004, membership model, customer loyalty, and potential for continued earnings expansion.
• Neutral Sentiment: Store expansion: Costco is reportedly considering a new location in Thompson’s Station, Tennessee, supporting its long-term warehouse growth strategy, although the potential site has no immediate earnings impact.
• Neutral Sentiment: Mixed analyst valuation signals: DA Davidson reaffirmed a Neutral rating with a $1,000 target, while Bernstein retained a Buy rating but lowered its target to $1,144, indicating less room for upside despite confidence in the business.
• Negative Sentiment: Valuation concerns: Jim Cramer and other commentators argued that COST trades at roughly 43–49 times earnings, leaving the stock vulnerable if growth slows or results merely meet expectations. Cramer Says Costco at 49 Times Earnings Is the Mistake Loyal Shoppers Keep Making
• Negative Sentiment: Regulatory risk: The Department of Justice expanded a beef-pricing antitrust inquiry to Costco, seeking information on prices, costs, margins, purchasing, and supply-chain practices. Potential compliance costs or scrutiny could pressure sentiment. US DOJ Widens Beef Price Inquiry
• Negative Sentiment: Costco Next shutdown: The company’s online marketplace reportedly went offline without notice, raising questions about its digital strategy, although the platform is not viewed as central to Costco’s core business. Costco Next Online Marketplace Shut Down

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Mizuho set a $1,100.00 target price on shares of Costco Wholesale in a report on Monday, June 1st. Oppenheimer boosted their target price on Costco Wholesale from $1,100.00 to $1,160.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 19th. UBS Group upped their price target on shares of Costco Wholesale from $1,205.00 to $1,275.00 and gave the company a "buy" rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. reduced their price objective on Costco Wholesale from $1,110.00 to $1,100.00 and set an "overweight" rating for the company in a research note on Thursday, July 9th. Finally, HC Wainwright reissued a "buy" rating on shares of Costco Wholesale in a research note on Monday, June 1st. Twenty-one analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,056.90.

Costco Wholesale Company Profile

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.

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