Cibc World Market Inc. Takes Position in Costco Wholesale Corporation $COST

Key Points

• CIBC World Market Inc. acquired 294,335 Costco shares during the second quarter, worth approximately $275.3 million and representing about 0.07% of the company. Institutional investors collectively own 68.48% of Costco.
• Costco’s analyst outlook remains broadly positive, with 21 Buy ratings, 12 Holds and one Sell rating; the average price target is $1,059.53, implying upside from the reported $925.41 opening price.
• Costco continues to show strong sales momentum, while risks include a DOJ investigation into beef pricing and the shutdown of its Costco Next online marketplace. Director Kenneth Denman also sold 885 shares for approximately $847,343.

Cibc World Market Inc. bought a new stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 294,335 shares of the retailer's stock, valued at approximately $275,342,000. Cibc World Market Inc. owned approximately 0.07% of Costco Wholesale as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of COST. C M Bidwell & Associates Ltd. purchased a new position in shares of Costco Wholesale in the 2nd quarter worth $28,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Costco Wholesale in the 4th quarter worth about $27,000. Burk Holdings LLC purchased a new stake in shares of Costco Wholesale during the 2nd quarter valued at about $30,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at about $28,000. Finally, Lifetime Wealth Management P.C. bought a new position in shares of Costco Wholesale in the 4th quarter valued at about $28,000. Institutional investors own 68.48% of the company's stock.

Insider Buying and Selling at Costco Wholesale

In other news, Director Kenneth Denman sold 885 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total value of $847,343.25. Following the sale, the director directly owned 4,779 shares in the company, valued at approximately $4,575,653.55. This represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

COST has been the subject of several recent research reports. DA Davidson reiterated a "neutral" rating and issued a $1,000.00 price target on shares of Costco Wholesale in a research report on Thursday. Mizuho set a $1,100.00 price objective on Costco Wholesale in a research report on Monday, June 1st. Roth Capital raised their price objective on Costco Wholesale from $769.00 to $781.00 and gave the company a "sell" rating in a research note on Friday, May 29th. Oppenheimer boosted their target price on Costco Wholesale from $1,100.00 to $1,160.00 and gave the company an "outperform" rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings downgraded Costco Wholesale from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday. Twenty-one analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,059.53.

Costco Wholesale News Roundup

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

• Positive Sentiment: Strong August and fiscal-year sales: Costco reported August net sales of $23.70 billion, up 9.9% year over year. Fourth-quarter sales rose 11.3% to $93.9 billion, while fiscal-year sales increased 10.2% to $297.3 billion. Total comparable sales grew 8.4% for August and the fiscal year, and digitally enabled sales rose 17.9% for the month and 20.9% for the year. Costco August Sales Results
• Positive Sentiment: Analysts remain constructive: BTIG reaffirmed its Buy rating with a $1,125 price target, while Bank of America maintained a Buy rating and a $1,200 target. These targets imply substantial upside and suggest analysts believe Costco’s membership model and sales momentum support its premium valuation. BTIG Costco Rating
• Neutral Sentiment: Mixed analyst signal: DA Davidson reaffirmed a Neutral rating but lifted its price target to $1,000, indicating limited conviction even while acknowledging potential appreciation.
• Neutral Sentiment: Long-term optimism: Commentary argues Costco could eventually surpass Home Depot and Lowe’s in market value if it sustains membership growth, warehouse expansion and consistent execution. This is a long-range thesis rather than a near-term catalyst. Costco Long-Term Valuation Forecast
• Negative Sentiment: DOJ beef-pricing investigation: The Justice Department is requesting records from Costco and other major retailers regarding beef prices, costs, margins and purchasing strategies. The inquiry creates potential legal, regulatory and operational risks, although no wrongdoing has been established. DOJ Beef Price Inquiry
• Negative Sentiment: Costco Next shutdown: The abrupt ending of the online Costco Next marketplace disappointed some members and raises questions about the company’s digital strategy, though the direct financial effect appears limited. Costco Next Shutdown

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $925.41 on Friday. 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 Corporation has a 1-year low of $844.06 and a 1-year high of $1,096.50. The firm has a market capitalization of $410.40 billion, a P/E ratio of 46.55, a price-to-earnings-growth ratio of 3.85 and a beta of 0.86. The company's 50-day moving average is $944.31 and its 200 day moving average is $978.18.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were paid a dividend of $1.47 per share. 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 dividend payout ratio is currently 29.58%.

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.

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