Costco Wholesale Corporation $COST Stock Acquired by Provenance Wealth Advisors LLC

Key Points

• Provenance Wealth Advisors increased its Costco stake by 691.7% in the third quarter, adding 1,591 shares to hold 1,821 shares valued at about $1.66 million. Institutional investors collectively own 68.48% of Costco’s stock.
• Costco’s latest quarterly results beat expectations: EPS was $6.75 versus a $6.54 consensus, while revenue reached $95.72 billion, up 11.1% year over year.
• The stock was reported down 2.0%; analysts’ average rating is Moderate Buy, with an average price target of $1,086.19. Executives also disclosed selling shares, including EVP William Wilcox’s sale of 1,100 shares.

Provenance Wealth Advisors LLC increased its position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 691.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,821 shares of the retailer's stock after purchasing an additional 1,591 shares during the period. Provenance Wealth Advisors LLC's holdings in Costco Wholesale were worth $1,658,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its holdings in Costco Wholesale by 31.7% during the 2nd quarter. State Street Corp now owns 23,901,594 shares of the retailer's stock worth $22,359,224,000 after buying an additional 5,749,362 shares during the last quarter. Bank of America Corp DE grew its position in shares of Costco Wholesale by 11.5% in the 1st quarter. Bank of America Corp DE now owns 7,515,031 shares of the retailer's stock worth $7,488,203,000 after acquiring an additional 773,651 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Costco Wholesale by 5.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,068,312 shares of the retailer's stock valued at $2,870,314,000 after acquiring an additional 160,893 shares during the last quarter. Amundi increased its holdings in shares of Costco Wholesale by 11.1% in the 1st quarter. Amundi now owns 2,839,016 shares of the retailer's stock valued at $2,828,881,000 after acquiring an additional 283,360 shares during the last quarter. Finally, Ascentis Wealth Management LLC increased its holdings in shares of Costco Wholesale by 103,637.0% in the 2nd quarter. Ascentis Wealth Management LLC now owns 2,500,062 shares of the retailer's stock valued at $2,549,616,000 after acquiring an additional 2,497,652 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Trending Headlines about Costco Wholesale

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

• Positive Sentiment: Costco’s DoorDash and Uber Eats expansion could add sales, reach younger shoppers and support digital growth without reducing warehouse traffic. Read article
• Positive Sentiment: Costco received approval for a new store at Seacoast Landing in Newington, New Hampshire, with a 2027 opening targeted—supporting longer-term expansion. Read article
• Positive Sentiment: Commentary presents Costco as a durable blue-chip investment and highlights its ability to introduce appealing products, including a coffee offering tied to an emerging trend. These are supportive long-term views, not new financial guidance. Read article Read article
• Neutral Sentiment: Articles discuss whether Costco could split its shares in 2027 because the price is above $1,000. A split could improve share accessibility but would not change the company’s underlying value, and no split has been announced. Read article
• Negative Sentiment: ETFs were reported as net sellers of about $75.6 million in COST shares on Oct. 29, which may have contributed to selling pressure; this is backward-looking and does not establish the cause of the latest decline. Read article

Insiders Place Their Bets

In other news, EVP William Richard Wilcox sold 1,100 shares of the stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $958.21, for a total value of $1,054,031.00. Following the completion of the transaction, the executive vice president directly owned 3,094 shares in the company, valued at $2,964,701.74. This trade represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $2,015,046.00. Following the transaction, the executive vice president owned 7,134 shares in the company, valued at approximately $6,534,244.62. This trade represents a 23.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.10% of the company's stock.

Costco Wholesale Stock Down 2.0%

NASDAQ:COST opened at $1,019.26 on Wednesday. The firm has a market capitalization of $451.66 billion, a PE ratio of 49.10, a price-to-earnings-growth ratio of 4.45 and a beta of 0.85. The stock has a 50 day moving average of $946.12 and a 200-day moving average of $971.09. Costco Wholesale Corporation has a 52 week low of $844.06 and a 52 week high of $1,096.50. The company has a current ratio of 1.06, a quick ratio of 0.62 and a debt-to-equity ratio of 0.11.

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

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a $1.47 dividend. 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 currently 28.32%.

Analyst Ratings Changes

Several research firms recently issued reports on COST. BTIG Research reissued a "buy" rating and set a $1,125.00 price target on shares of Costco Wholesale in a research report on Wednesday, September 23rd. TD Cowen initiated coverage on shares of Costco Wholesale in a report on Friday, October 30th. They issued a "strong-buy" rating for the company. Evercore reiterated an "outperform" rating on shares of Costco Wholesale in a research note on Tuesday, September 22nd. Mizuho lowered their target price on shares of Costco Wholesale from $1,100.00 to $1,065.00 and set an "outperform" rating for the company in a research note on Friday, September 25th. Finally, DA Davidson increased their target price on shares of Costco Wholesale from $1,000.00 to $1,040.00 and gave the stock a "neutral" rating in a report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,086.19.

Costco Wholesale Company Profile

Costco Wholesale Corporation operates a membership-based warehouse retail business under the Costco name. The company sells merchandise in bulk and at competitive prices through warehouse clubs and e-commerce platforms, serving individual consumers, businesses and other organizations.

Its product selection includes groceries and fresh foods, household supplies, appliances, electronics, furniture, apparel, health and beauty products, jewelry, automotive products and prescription drugs. Costco also provides services such as optical care, pharmacy services, hearing-aid sales, travel offerings and fuel sales, depending on location.

The company traces its roots to Price Club, which opened in San Diego in 1976.

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