Costco Wholesale Corporation $COST Shares Sold by Annex Advisory Services LLC

Annex Advisory Services LLC lessened its position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 84.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,071 shares of the retailer's stock after selling 32,629 shares during the quarter. Annex Advisory Services LLC's holdings in Costco Wholesale were worth $5,526,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of COST. Bank of America Corp DE purchased a new stake in shares of Costco Wholesale during the 2nd quarter worth about $6,781,946,000. Diamant Asset Management Inc. increased its position in Costco Wholesale by 99,278.0% during the first quarter. Diamant Asset Management Inc. now owns 6,726,899 shares of the retailer's stock worth $672,690,000 after buying an additional 6,720,130 shares during the last quarter. State Street Corp raised its holdings in Costco Wholesale by 31.7% during the second quarter. State Street Corp now owns 23,901,594 shares of the retailer's stock valued at $22,359,224,000 after buying an additional 5,749,362 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in Costco Wholesale by 838.9% in the 4th quarter. Corient Private Wealth LLC now owns 6,125,405 shares of the retailer's stock worth $5,282,182,000 after purchasing an additional 5,472,968 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in Costco Wholesale during the second quarter worth approximately $2,362,188,000. Institutional investors and hedge funds own 68.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on COST. Robert W. Baird set a $1,175.00 price objective on shares of Costco Wholesale in a report on Friday, September 25th. Oppenheimer reiterated an "outperform" rating and issued a $1,160.00 target price on shares of Costco Wholesale in a report on Wednesday, September 16th. HSBC raised shares of Costco Wholesale to a "buy" rating in a research report on Friday, September 25th. Wells Fargo & Company decreased their target price on Costco Wholesale from $1,000.00 to $950.00 and set an "equal weight" rating for the company in a research note on Friday, September 25th. Finally, Freedom Broker lowered their target price on Costco Wholesale from $1,030.00 to $1,010.00 and set a "buy" rating on the stock in a report on Friday, September 25th. Twenty-four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $1,087.40.

Key Stories Impacting Costco Wholesale

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

• Positive Sentiment: September sales accelerated: Costco reported September net sales of $30.02 billion, up 13% year over year, while digitally enabled sales increased 19%. The results reinforce the strength of Costco’s membership model, e-commerce business and value-focused offering. September Sales Growth
• Positive Sentiment: Analyst support remains strong: Tigress Financial reiterated a Buy rating while setting a $1,065 price target after previously publicizing a higher $1,250 target. Other coverage highlights Costco’s sales growth, membership loyalty and digital gains, supporting the recent recovery above key moving averages. Tigress Financial Price Target
• Positive Sentiment: Dividend maintained: Costco declared a quarterly dividend of $1.47 per share, payable November 13 to shareholders of record October 30. While the approximately 0.6% yield is modest, the payment signals continued cash-flow strength. Costco Dividend Announcement
• Positive Sentiment: Expansion pipeline: Proposed warehouse projects in Macon and Oakland, along with a planned Merced County relocation, point to continued investment in Costco’s store network. Infrastructure financing of up to $30 million could support the Macon development. Macon Costco Project
• Neutral Sentiment: Costco’s fiscal 2027 executive bonus plan adds sustainability-related measures. The change may support long-term operational goals, but it is unlikely to materially affect near-term earnings. Costco Executive Bonus Update
• Negative Sentiment: Valuation and macro risks remain: Costco trades at a high earnings multiple, leaving the stock vulnerable if growth or membership trends slow. Persistent inflation and potentially higher interest rates could also pressure consumer spending and market valuations.
• Negative Sentiment: An executive sold 1,100 shares worth approximately $1.05 million. The transaction is relatively small compared with Costco’s market value, but it may add a modest cautionary signal for investors. Costco Insider Sale

Insider Buying and Selling at Costco Wholesale

In other news, EVP Claudine Adamo sold 2,200 shares of Costco Wholesale stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $915.93, for a total transaction of $2,015,046.00. Following the transaction, the executive vice president directly owned 7,134 shares of the company's stock, valued at $6,534,244.62. This trade represents a 23.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William Richard Wilcox sold 1,100 shares of the firm's stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $958.21, for a total value of $1,054,031.00. Following the sale, the executive vice president directly owned 3,094 shares in the company, valued at $2,964,701.74. The trade was a 26.23% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.10% of the company's stock.

Costco Wholesale Price Performance

COST opened at $989.11 on Friday. The company has a fifty day moving average price of $933.15 and a two-hundred day moving average price of $963.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.62 and a current ratio of 1.06. Costco Wholesale Corporation has a 52 week low of $844.06 and a 52 week high of $1,096.50. The firm has a market capitalization of $438.30 billion, a PE ratio of 47.64, a P/E/G ratio of 4.18 and a beta of 0.88.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its earnings results on Thursday, September 24th. The retailer reported $6.75 EPS for the quarter, beating the consensus estimate of $6.54 by $0.21. The company had revenue of $95.72 billion during the quarter, compared to analysts' expectations of $94.97 billion. Costco Wholesale had a net margin of 3.04% and a return on equity of 27.60%. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.87 EPS. As a group, analysts anticipate that Costco Wholesale Corporation will post 22.70 earnings per share for the current year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $5.88 annualized dividend and a yield of 0.6%. Costco Wholesale's dividend payout ratio (DPR) is presently 28.32%.

About Costco Wholesale

Costco Wholesale Corporation operates a membership-based warehouse retail business under the Costco name. The company sells a broad selection of merchandise, including groceries, fresh foods, beverages, appliances, electronics, furniture, apparel, jewelry, hardware, and seasonal products. It also offers services such as gasoline, pharmacies, optical departments, hearing-aid centers, food courts, travel services, and business delivery in selected markets.

Costco markets many products under its private-label Kirkland Signature brand and sells merchandise through warehouse locations and e-commerce platforms.

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