Baypointe Partners LLC Takes $11.35 Million Position in Costco Wholesale Corporation $COST

Key Points

• Baypointe Partners bought a new stake of 13,163 Costco shares valued at approximately $11.35 million in Q4, making Costco about 23.9% of the firm's portfolio and its largest holding.
• Costco posted a slight earnings beat with $4.58 EPS (vs. $4.55 est.) and revenue of $69.6B (up 9.2% YoY), and raised its quarterly dividend to $1.47 ($5.88 annualized; yield ~0.6%), ex-dividend May 1.
• EVP Claudine Adamo sold 730 shares (~$732k), insiders now own ~0.10%, institutional investors hold ~68.48%, and the stock trades at a high P/E (~52.6) with a MarketBeat consensus target near $1,046 ("Moderate Buy").

Baypointe Partners LLC bought a new stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,163 shares of the retailer's stock, valued at approximately $11,351,000. Costco Wholesale comprises about 23.9% of Baypointe Partners LLC's investment portfolio, making the stock its biggest holding.

Other large investors have also recently made changes to their positions in the company. Hurley Capital LLC increased its position in shares of Costco Wholesale by 120.0% during 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 last quarter. Joseph Group Capital Management purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at $33,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Costco Wholesale during the 3rd quarter valued at $34,000. Collier Financial purchased a new stake in shares of Costco Wholesale during the 3rd quarter valued at $35,000. Finally, AXS Investments LLC purchased a new stake in shares of Costco Wholesale during the 3rd quarter valued at $36,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Costco Wholesale news, EVP Claudine Adamo sold 730 shares of the firm's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $1,003.02, for a total value of $732,204.60. Following the completion of the transaction, the executive vice president owned 6,121 shares in the company, valued at $6,139,485.42. This trade represents a 10.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Key Stories Impacting Costco Wholesale

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

• Positive Sentiment: Amy’s Kitchen will roll select frozen meals into more than 150 Costco warehouses across key U.S. markets, expanding fresh/organic assortment and potentially boosting food sales and member engagement. Amy's Kitchen Lands Costco Distribution in Three Major Markets, Bringing Organic Frozen Meals to Millions of Members
• Positive Sentiment: Costco is hiring ahead of a new Guilderland, NY warehouse opening — a sign of continued unit growth that supports revenue and membership expansion over time. Costco begins hiring as opening of Guilderland warehouse nears
• Positive Sentiment: Analyst/market pieces highlight Costco’s strong membership metrics and ability to convert members to higher-fee Executive tiers, supporting recurring revenue and margins. This ongoing narrative underpins bullish views despite macro uncertainty. Better Buy: Walmart or Costco Stock
• Positive Sentiment: Costco received recognition in TIME’s influential companies coverage, reinforcing brand strength that supports long-term customer loyalty and pricing power. Costco Wholesale
• Neutral Sentiment: Retail-focused stories on seasonal merchandise and promotions (patio furniture roundups, a Dyson sale) reflect normal merchandising and traffic drivers but are routine and unlikely to move fundamentals by themselves. 9 Costco Patio Dining Furniture Sets To Look For In 2026
• Neutral Sentiment: Costco quietly changed elements of its long-standing $1.50 hot dog combo (product tweaks, price intact), a brand-story item that signals attention to costs but keeps the iconic price point. Costco changed the hot dog combo after 40 years. Is it still $1.50? Here's what to know
• Negative Sentiment: Several pieces question whether COST’s strong YTD performance and premium valuation leave ample upside from current levels, highlighting its high P/E and recent run — a valuation headwind that can pressure the stock if growth expectations slip. Is It Too Late To Consider Costco Wholesale (COST) After Its Strong Year To Date Run?

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $1,011.70 on Monday. Costco Wholesale Corporation has a 52 week low of $844.06 and a 52 week high of $1,067.08. The business has a 50-day simple moving average of $996.93 and a two-hundred day simple moving average of $950.04. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $448.84 billion, a P/E ratio of 52.61, a P/E/G ratio of 4.98 and a beta of 0.92.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its earnings results on Wednesday, March 11th. The retailer reported $4.58 EPS for the quarter, topping the consensus estimate of $4.55 by $0.03. Costco Wholesale had a return on equity of 28.57% and a net margin of 2.99%.The business had revenue of $69.60 billion during the quarter, compared to the consensus estimate of $68.96 billion. During the same quarter last year, the company earned $4.02 EPS. The firm's revenue was up 9.2% compared to the same quarter last year. Research analysts anticipate that Costco Wholesale Corporation will post 20.32 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a $1.47 dividend. The ex-dividend date is Friday, May 1st. This represents a $5.88 annualized dividend 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 30.58%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on COST shares. Raymond James Financial raised their target price on Costco Wholesale from $1,000.00 to $1,100.00 and gave the company an "outperform" rating in a research report on Friday, March 6th. Jefferies Financial Group reaffirmed a "buy" rating and set a $1,050.00 target price on shares of Costco Wholesale in a research report on Thursday, March 5th. Wells Fargo & Company raised their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Thursday, April 9th. TD Cowen reiterated a "buy" rating on shares of Costco Wholesale in a research note on Friday, March 6th. Finally, The Goldman Sachs Group cut their price target on Costco Wholesale from $1,171.00 to $1,088.00 and set a "buy" rating for the company in a research note on Friday, March 6th. Twenty-two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,045.97.

Costco Wholesale 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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