Keybank National Association OH Has $332.63 Million Stake in Costco Wholesale Corporation $COST

Key Points

• Keybank National Association OH slightly trimmed its Costco stake by 0.4% in the first quarter, but still held 333,826 shares valued at about $332.6 million. Costco remains a meaningful position in the firm’s portfolio, ranking as its 19th largest holding.
• Wall Street sentiment on Costco stays broadly positive, with multiple analysts reiterating Buy ratings and a consensus rating of Moderate Buy. The average target price stands at about $1,061.45, above the stock’s recent trading level.
• Costco reported quarterly EPS of $4.93, just below expectations, while revenue came in slightly above estimates at $70.53 billion. The company also raised its quarterly dividend to $1.47 per share, up from $1.30 previously.

Keybank National Association OH decreased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 0.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 333,826 shares of the retailer's stock after selling 1,178 shares during the quarter. Costco Wholesale accounts for about 1.2% of Keybank National Association OH's investment portfolio, making the stock its 19th biggest position. Keybank National Association OH owned about 0.08% of Costco Wholesale worth $332,634,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in COST. Palisade Asset Management LLC grew its position in Costco Wholesale by 1.4% during the fourth quarter. Palisade Asset Management LLC now owns 702 shares of the retailer's stock worth $605,000 after buying an additional 10 shares in the last quarter. Graybill Wealth Management LTD. raised its holdings in Costco Wholesale by 0.3% in the 4th quarter. Graybill Wealth Management LTD. now owns 3,194 shares of the retailer's stock valued at $2,754,000 after acquiring an additional 10 shares in the last quarter. Wealth Effects LLC raised its holdings in Costco Wholesale by 1.2% in the 1st quarter. Wealth Effects LLC now owns 874 shares of the retailer's stock valued at $871,000 after acquiring an additional 10 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its position in shares of Costco Wholesale by 1.8% in the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 551 shares of the retailer's stock worth $549,000 after acquiring an additional 10 shares during the period. Finally, Lbmc Investment Advisors LLC grew its holdings in shares of Costco Wholesale by 0.5% during the 4th quarter. Lbmc Investment Advisors LLC now owns 2,041 shares of the retailer's stock worth $1,760,000 after purchasing an additional 10 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on COST. HC Wainwright reaffirmed a "buy" rating on shares of Costco Wholesale in a research report on Monday, June 1st. Jefferies Financial Group reissued a "buy" rating and issued a $1,050.00 price target on shares of Costco Wholesale in a report on Thursday, March 5th. Bank of America increased their price objective on shares of Costco Wholesale from $1,185.00 to $1,200.00 and gave the company a "buy" rating in a research note on Friday, May 29th. Weiss Ratings downgraded shares of Costco Wholesale from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, June 23rd. Finally, TD Cowen reiterated a "buy" rating and set a $1,175.00 target price on shares of Costco Wholesale in a research report on Wednesday, June 3rd. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,061.45.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $951.67 on Friday. The stock has a 50-day simple moving average of $991.42 and a 200 day simple moving average of $972.72. The stock has a market capitalization of $422.05 billion, a price-to-earnings ratio of 47.87, a P/E/G ratio of 4.48 and a beta of 0.88. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. Costco Wholesale Corporation has a 12-month low of $844.06 and a 12-month high of $1,096.50.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 EPS for the quarter, missing analysts' consensus estimates of $4.94 by ($0.01). The company had revenue of $70.53 billion for 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 period in the prior year, the company earned $4.28 EPS. On average, research analysts anticipate that Costco Wholesale Corporation will post 20.38 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a dividend of $1.47 per share. The ex-dividend date was Friday, May 1st. 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%. Costco Wholesale's dividend payout ratio (DPR) is currently 29.58%.

More Costco Wholesale News

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

• Positive Sentiment: Costco is still expanding its warehouse footprint, with new store plans reported in Florida, South Carolina and Southern California, reinforcing the company’s long-term growth story. Costco plans to build new warehouse in southern Hillsborough County
• Positive Sentiment: Analysts remain upbeat on Costco’s earnings power, with Erste Group raising FY2027 EPS estimates above consensus, signaling confidence in the retailer’s ability to keep growing profits. Analyst estimate update for Costco Wholesale Corporation
• Positive Sentiment: Several articles continue to frame Costco as a strong long-term compounder, supported by its membership model, cash generation, and resilient value proposition for consumers. Costco (COST) Stock Looks Strong On Returns But Expensive On Earnings
• Neutral Sentiment: Discussion around a possible 2026 stock split is generating attention, but it does not change Costco’s fundamentals and management has historically been cautious about splitting the stock. With Costco Trading Under $1,000, Is a Stock Split Still on the Table for 2026?
• Neutral Sentiment: One comparison piece versus Amazon and a holiday-closure story versus Sam’s Club are more about consumer habits and retail strategy than a direct change in Costco’s outlook. Growth Stock Showdown: Is Costco or Amazon the Better Buy Right Now?
• Negative Sentiment: Some commentary warns Costco may be expensive on earnings and could face execution risks if fuel-related traffic tailwinds weaken, which could limit upside if growth slows. Costco's Secret Growth Engine May Be Running Out of Gas

Insider Activity at Costco Wholesale

In other news, Director Kenneth D. Denman sold 885 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total transaction of $847,343.25. Following the sale, the director directly owned 4,779 shares of the company's stock, valued at $4,575,653.55. This represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by company insiders.

About Costco Wholesale

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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