Integrated Wealth Concepts LLC Raises Position in Costco Wholesale Corporation $COST

Key Points

• Integrated Wealth Concepts LLC increased its Costco stake by 35.2% in the second quarter, bringing its holdings to 34,598 shares valued at approximately $32.4 million. Institutional investors collectively own 68.48% of the company.
• Costco shares were trading at $918.91, with a market capitalization of about $407.5 billion and a high valuation of 46.22 times earnings. The stock has a 12-month range of $844.06 to $1,096.50.
• The company paid a quarterly dividend of $1.47 per share, equivalent to $5.88 annually and a 0.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,056.03.

Integrated Wealth Concepts LLC raised its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 35.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,598 shares of the retailer's stock after purchasing an additional 9,006 shares during the period. Integrated Wealth Concepts LLC's holdings in Costco Wholesale were worth $32,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Community Bank N.A. grew its stake in shares of Costco Wholesale by 15.0% during the second quarter. Community Bank N.A. now owns 115 shares of the retailer's stock valued at $108,000 after buying an additional 15 shares during the last quarter. RFG Advisory LLC raised its holdings in shares of Costco Wholesale by 13.8% in the second quarter. RFG Advisory LLC now owns 6,888 shares of the retailer's stock worth $6,443,000 after buying an additional 833 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Costco Wholesale by 1.9% during the 2nd quarter. NewEdge Advisors LLC now owns 155,824 shares of the retailer's stock worth $145,767,000 after acquiring an additional 2,874 shares during the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD lifted its stake in shares of Costco Wholesale by 119.7% during the 2nd quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 8,670 shares of the retailer's stock worth $8,111,000 after acquiring an additional 4,723 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Costco Wholesale by 1.1% during the 2nd quarter. Baird Financial Group Inc. now owns 622,012 shares of the retailer's stock valued at $581,873,000 after acquiring an additional 6,864 shares during the period. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Up 1.6%

Shares of NASDAQ:COST opened at $918.91 on Tuesday. Costco Wholesale Corporation has a 12-month low of $844.06 and a 12-month high of $1,096.50. The business's fifty day simple moving average is $939.46 and its 200-day simple moving average is $973.86. The company has a market capitalization of $407.52 billion, a PE ratio of 46.22, a P/E/G ratio of 3.77 and a beta of 0.86. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, July 24th. Costco Wholesale's dividend payout ratio (DPR) is currently 29.58%.

Insider Buying and Selling at Costco Wholesale

In related news, Director Kenneth Denman sold 885 shares of Costco Wholesale stock in a transaction that occurred on 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 directly owned 4,779 shares in the company, valued at $4,575,653.55. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company's stock.

More Costco Wholesale News

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

• Positive Sentiment: Dividend increase supports the investment case. Costco recently raised its dividend by 13%, reinforcing confidence in cash generation and adding to the appeal of the membership-based retailer, although the regular yield remains modest and special dividends can make the headline payout appear higher. Costco dividend article
• Positive Sentiment: Long-term business fundamentals remain a bullish backdrop. Analysts and commentators continue to point to Costco’s scale, limited product assortment, purchasing advantages and resilient same-store sales as reasons the stock could recover after trailing the S&P 500 and trading below its 52-week high. Fourth-quarter results, expected later this month, are the next major potential catalyst. Costco earnings preview
• Neutral Sentiment: Motor-oil pricing reflects supply pressures rather than a company-specific demand problem. Costco raised the price of a 10-quart case of Kirkland Signature full-synthetic motor oil to $57.99 and limited purchases to two cases per member per week. The changes follow higher crude-oil prices and supply disruptions linked to Middle East tensions and Saudi Arabia’s East-West pipeline closure. Higher prices may protect margins, but the restrictions could affect customer sentiment. Costco motor oil article
• Negative Sentiment: Rationing and sharply higher prices create reputational and traffic risks. Reports that Costco has also capped purchases of Mobil 1 oil—and that some motor-oil prices have risen substantially from last year—evoke earlier pandemic-era product shortages. While the merchandise is a small portion of revenue, frustrated members could view the move negatively or defer purchases. Costco motor oil rationing article
• Negative Sentiment: Valuation leaves limited room for disappointment. Costco trades at a premium earnings multiple, so investors may require strong sales, membership trends and profit guidance from the upcoming report to justify the valuation. Rising merchandise and operating costs could pressure margins if Costco cannot pass them through broadly. Costco stock performance article

Analyst Upgrades and Downgrades

Several equities analysts have commented on COST shares. Royal Bank Of Canada began coverage on Costco Wholesale in a research report on Monday, July 13th. They issued a "sector perform" rating and a $1,000.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on Costco Wholesale from $1,110.00 to $1,100.00 and set an "overweight" rating for the company in a research report on Thursday, July 9th. Sanford C. Bernstein set a $1,144.00 target price on shares of Costco Wholesale in a research note on Friday, September 4th. Weiss Ratings cut shares of Costco Wholesale from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, September 2nd. Finally, Roth Capital upped their price target on shares of Costco Wholesale from $769.00 to $781.00 and gave the stock a "sell" rating in a report on Friday, May 29th. Twenty-two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of "Moderate Buy" and a consensus target price of $1,056.03.

Costco Wholesale 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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