Costco Wholesale Corporation $COST is Everett Harris & Co. CA's 4th Largest Position

Key Points

• Everett Harris & Co. CA slightly reduced its Costco stake by 0.4% in the fourth quarter, but Costco still represents about 8.2% of the firm’s portfolio and remains its 4th-largest holding.
• Several institutional investors also adjusted their positions, and 68.48% of Costco shares are held by hedge funds and other institutional investors, underscoring continued Wall Street interest in the stock.
• Costco continues to draw positive attention for price cuts on Kirkland/private-label items and strong digital sales momentum, while analysts remain broadly constructive with a consensus Moderate Buy rating and a price target above the current share price.

Everett Harris & Co. CA trimmed its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 784,138 shares of the retailer's stock after selling 3,332 shares during the period. Costco Wholesale comprises approximately 8.2% of Everett Harris & Co. CA's portfolio, making the stock its 4th largest position. Everett Harris & Co. CA owned about 0.18% of Costco Wholesale worth $676,194,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of COST. Brighton Jones LLC boosted its holdings in shares of Costco Wholesale by 12.3% during the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer's stock worth $18,165,000 after purchasing an additional 2,172 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Costco Wholesale by 13.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer's stock worth $1,029,000 after purchasing an additional 130 shares during the period. Sivia Capital Partners LLC boosted its holdings in shares of Costco Wholesale by 4.5% during the second quarter. Sivia Capital Partners LLC now owns 3,853 shares of the retailer's stock worth $3,814,000 after purchasing an additional 165 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Costco Wholesale by 1.1% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 2,110 shares of the retailer's stock worth $2,089,000 after purchasing an additional 23 shares during the period. Finally, Schnieders Capital Management LLC. boosted its holdings in shares of Costco Wholesale by 2.2% during the second quarter. Schnieders Capital Management LLC. now owns 8,502 shares of the retailer's stock worth $8,416,000 after purchasing an additional 182 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

More Costco Wholesale News

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

• Positive Sentiment: Costco lowered prices on several Kirkland Signature/private-label items, including food, home goods, and sports equipment, signaling a continued focus on member value and traffic retention. Costco lowers prices on four private-label products across food, home goods and sports equipment aisles
• Positive Sentiment: Reports say Costco is cutting prices on popular Kirkland items, which could strengthen its value image versus competitors and help keep members shopping more often. Why Costco Just Voluntarily Lowered Prices on These Popular Kirkland Items
• Positive Sentiment: Costco’s digital business showed strong momentum, with digital comps up sharply and app traffic rising, suggesting a bigger opportunity for online sales and personalization-driven growth. Costco’s Lowered Prices Show Why Shoppers Keep Returning
• Positive Sentiment: Analysts highlighted Costco’s digital surge as a sign the retailer may be becoming an even stronger omnichannel winner. Costco Leans On Kirkland Price Cuts To Support Growth Narrative
• Neutral Sentiment: Several lifestyle and shopping guides featured Costco products for summer and Fourth of July hosting, which adds visibility but is unlikely to materially move the stock. 9 Costco finds to host the best Fourth of July BBQ ever
• Neutral Sentiment: Commentary about CEO Ron Vachris’s rise from the warehouse floor is largely narrative-driven and does not appear to change the near-term outlook. Costco CEO Ron Vachris rose from the warehouse floor to the corner office without a college degree—and he says it’s thanks to not job hopping
• Negative Sentiment: One article noted Costco’s stock has been falling in recent weeks and is still below recent highs, reflecting some investor caution despite the operational positives. Should You Buy Costco Wholesale Stock While It's Below $1,000?
• Negative Sentiment: Broader consumer commentary about $4 gas and inflation pressure could weigh on discretionary spending and keep investors cautious about margins and demand trends. Consumers look resilient on the surface, but $4 gas was a tipping point and Costco members are filling up more often in case prices go even higher

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on COST shares. Oppenheimer increased their target price on shares of Costco Wholesale from $1,100.00 to $1,160.00 and gave the stock an "outperform" rating in a report on Tuesday, May 19th. Telsey Advisory Group increased their target price on shares of Costco Wholesale from $1,125.00 to $1,135.00 and gave the stock an "outperform" rating in a report on Thursday, April 9th. TD Cowen reiterated a "buy" rating and set a $1,175.00 target price on shares of Costco Wholesale in a report on Wednesday, June 3rd. Truist Financial increased their target price on shares of Costco Wholesale from $977.00 to $1,011.00 and gave the stock a "hold" rating in a report on Friday, May 29th. Finally, Evercore set a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday, March 2nd. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,060.41.

Costco Wholesale Price Performance

COST stock opened at $974.75 on Tuesday. Costco Wholesale Corporation has a 1 year low of $844.06 and a 1 year high of $1,096.50. The company has a market cap of $432.28 billion, a P/E ratio of 49.03, a PEG ratio of 4.71 and a beta of 0.88. The firm has a 50-day moving average of $1,006.61 and a 200 day moving average of $964.91. 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 quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.94 by ($0.01). The business had revenue of $70.53 billion during the quarter, compared to the consensus estimate of $70.12 billion. Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.During the same quarter in the previous year, the business earned $4.28 earnings per share. On average, sell-side analysts forecast that Costco Wholesale Corporation will post 20.38 EPS for the current year.

Costco Wholesale Increases Dividend

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

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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