Engineers Gate Manager LP Sells 12,516 Shares of Costco Wholesale Corporation $COST

Key Points

• Engineers Gate Manager LP cut its Costco position by 60.5% in the second quarter, selling 12,516 shares and retaining 8,172 shares valued at approximately $7.65 million. Institutional investors own 68.48% of the company.
• Costco shares opened at $901.35, below their 50-day and 200-day moving averages, while the company pays a quarterly dividend of $1.47, equivalent to a 0.7% yield.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $1,056.03, despite a recent insider sale and some target-price reductions.

Engineers Gate Manager LP decreased its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 60.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,172 shares of the retailer's stock after selling 12,516 shares during the period. Engineers Gate Manager LP's holdings in Costco Wholesale were worth $7,645,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. C M Bidwell & Associates Ltd. purchased a new position in Costco Wholesale during the 2nd quarter valued at approximately $28,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Costco Wholesale in the 4th quarter worth approximately $27,000. Burk Holdings LLC purchased a new stake in shares of Costco Wholesale during the 2nd quarter worth approximately $30,000. Manning & Napier Advisors LLC purchased a new stake in shares of Costco Wholesale during the 2nd quarter worth approximately $30,000. Finally, Lifetime Wealth Management P.C. bought a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $28,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $901.35 on Wednesday. The firm has a market capitalization of $399.73 billion, a PE ratio of 45.34, a PEG ratio of 3.83 and a beta of 0.86. The stock's fifty day moving average is $938.54 and its 200 day moving average is $973.21. Costco Wholesale Corporation has a fifty-two week low of $844.06 and a fifty-two week high of $1,096.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 1.07.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were paid a $1.47 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $5.88 annualized dividend and a dividend yield of 0.7%. Costco Wholesale's dividend payout ratio is currently 29.58%.

Insider Buying and Selling at Costco Wholesale

In other news, Director Kenneth Denman sold 885 shares of the firm's stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total value of $847,343.25. Following the completion of the sale, the director owned 4,779 shares in the company, valued at approximately $4,575,653.55. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on COST shares. JPMorgan Chase & Co. cut their target price on shares of Costco Wholesale from $1,110.00 to $1,100.00 and set an "overweight" rating for the company in a report on Thursday, July 9th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Costco Wholesale in a research note on Tuesday. Mizuho set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $1,091.00 price objective on shares of Costco Wholesale in a research note on Friday, September 4th. Finally, Oppenheimer boosted 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. Twenty-two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,056.03.

Key Costco Wholesale News

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

• Positive Sentiment: Costco plans to open 10 new warehouses over the next two months, supporting long-term membership growth, sales expansion and geographic reach. Costco has 10 new stores opening in the next two months
• Positive Sentiment: E-commerce sales increased 17.9% in August and 20.9% for fiscal 2026, indicating that digital operations are becoming a meaningful additional growth engine alongside Costco’s warehouses. Costco's E-commerce Momentum Keeps Its Growth Engine Running
• Neutral Sentiment: Costco is scheduled to report fiscal fourth-quarter results later this month, making upcoming sales, membership and margin trends important near-term catalysts. Should You Buy Costco Stock Before Sept. 24?
• Negative Sentiment: Costco nearly doubled the price of a 10-quart case of Kirkland Signature motor oil to $57.99 and limited purchases amid an oil-supply crunch. The move highlights inflationary pressure across consumer goods and could weigh on customer sentiment, even though higher prices may protect some revenue. Costco hikes motor oil prices and puts limits on how much members can buy
• Negative Sentiment: RBC expects higher fuel costs to pressure Costco’s core gross margin in the fourth quarter. Tariff refunds may offset much of the impact, but the mixed outlook reinforces concerns about near-term earnings quality. Costco Gross Margin Pressure From Higher Fuel Costs Likely to be Offset by Tariff Refunds, RBC Says

Costco Wholesale Company Profile

Costco Wholesale Corporation operates membership-based warehouse clubs that offer a broad selection of merchandise at generally competitive prices. Its product range includes groceries, fresh foods, apparel, appliances, electronics, furniture, jewelry, hardware, and seasonal goods, along with private-label products sold under the Kirkland Signature brand.

The company also provides a variety of ancillary services, including gasoline stations, pharmacies, optical centers, hearing-aid centers, food courts, tire centers, and travel services.

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