71 West Capital Partners Makes New $2 Million Investment in Costco Wholesale Corporation $COST

71 West Capital Partners acquired a new stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,319 shares of the retailer's stock, valued at approximately $2,000,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COST. Hurley Capital LLC lifted its stake in shares of Costco Wholesale by 120.0% in the 3rd quarter. Hurley Capital LLC now owns 33 shares of the retailer's stock valued at $31,000 after purchasing an additional 18 shares during the period. Entrust Financial LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at about $31,000. Joseph Group Capital Management acquired a new position in shares of Costco Wholesale in the 4th quarter valued at about $33,000. Abich Financial Wealth Management LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at about $34,000. Finally, Imprint Wealth LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at about $36,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $979.45 on Tuesday. Costco Wholesale Corporation has a one year low of $844.06 and a one year high of $1,096.50. The firm has a market capitalization of $434.37 billion, a price-to-earnings ratio of 49.27, a PEG ratio of 4.76 and a beta of 0.88. The business has a 50-day simple moving average of $1,004.63 and a 200 day simple moving average of $967.91. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.61.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its earnings results on Thursday, May 28th. The retailer reported $4.93 EPS for the quarter, missing analysts' consensus estimates of $4.94 by ($0.01). Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. The firm had revenue of $70.53 billion during the quarter, compared to the consensus estimate of $70.12 billion. During the same period in the previous year, the firm earned $4.28 earnings per share. On average, research analysts anticipate that Costco Wholesale Corporation will post 20.38 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. This is an increase from Costco Wholesale's previous quarterly dividend of $1.30. Costco Wholesale's dividend payout ratio is presently 29.58%.

Costco Wholesale News Roundup

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

• Positive Sentiment: Costco’s record gasoline sales are supporting member traffic and loyalty, while elevated fuel prices and value-seeking shoppers may help drive in-store and ancillary spending. Costco Leans On Gasoline, E Commerce And Wellness To Deepen Member Value
• Positive Sentiment: Analysts and market commentators continue to highlight Costco as a long-term growth story, pointing to accelerating comparable sales, strong cash generation, and growing credit for its digital business. Why Costco (COST) is a Top Growth Stock for the Long-Term
• Positive Sentiment: Coverage also notes that digitally enabled sales are outpacing the core warehouse business, reinforcing the view that Costco’s online and omnichannel strategy is becoming a more important growth engine. Costco Wholesale Corporation (COST) Shows How Digitally Enabled Sales Are Outrunning Its Core Business
• Neutral Sentiment: Recent articles suggesting Costco could approach $1,100 by 2027 may support a bullish valuation narrative, but they are largely speculative and depend on continued execution. Can Costco Stock Break $1,100 by 2027?
• Negative Sentiment: Despite strong sales trends, some investors remain cautious about Costco’s premium valuation, and recent commentary notes that the stock has seen volatility as the market reassesses how much growth is already priced in. Costco Wholesale (COST) Stock Valuation After Strong May Sales And Growing Digital And Gas Volumes

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. TD Cowen reissued a "buy" rating and issued a $1,175.00 price objective on shares of Costco Wholesale in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. boosted their price objective on Costco Wholesale from $1,060.00 to $1,110.00 and gave the company an "overweight" rating in a research note on Friday, April 17th. Bank of America boosted their price objective on Costco Wholesale from $1,185.00 to $1,200.00 and gave the company a "buy" rating in a research note on Friday, May 29th. Oppenheimer boosted their price objective on Costco Wholesale from $1,100.00 to $1,160.00 and gave the company an "outperform" rating in a research note on Tuesday, May 19th. Finally, BTIG Research reissued a "buy" rating and issued a $1,125.00 price objective on shares of Costco Wholesale in a research note on Friday, May 29th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,060.41.

About Costco Wholesale

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.

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Corporation (NASDAQ:COST - Free Report).

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.