Free Trial

Kingsview Wealth Management LLC Has $19.80 Million Position in Costco Wholesale Corporation (NASDAQ:COST)

Costco Wholesale logo with Retail/Wholesale background

Kingsview Wealth Management LLC cut its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 61.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,934 shares of the retailer's stock after selling 33,128 shares during the quarter. Kingsview Wealth Management LLC's holdings in Costco Wholesale were worth $19,799,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Personal CFO Solutions LLC increased its position in Costco Wholesale by 12.4% in the 1st quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer's stock valued at $1,436,000 after buying an additional 167 shares in the last quarter. Geode Capital Management LLC increased its position in Costco Wholesale by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer's stock valued at $8,901,249,000 after buying an additional 252,118 shares in the last quarter. F&V Capital Management LLC bought a new stake in Costco Wholesale in the 1st quarter valued at about $236,000. Graybill Wealth Management LTD. bought a new stake in Costco Wholesale in the 1st quarter valued at about $3,095,000. Finally, Umpqua Bank increased its position in Costco Wholesale by 14.7% in the 4th quarter. Umpqua Bank now owns 4,507 shares of the retailer's stock valued at $4,134,000 after buying an additional 577 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Down 1.7%

Shares of Costco Wholesale stock opened at $951.37 on Thursday. The company's fifty day simple moving average is $1,001.13 and its 200-day simple moving average is $982.21. The stock has a market capitalization of $421.91 billion, a PE ratio of 53.96, a P/E/G ratio of 6.02 and a beta of 0.97. Costco Wholesale Corporation has a 1-year low of $793.00 and a 1-year high of $1,078.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.04. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The business had revenue of $63.21 billion for the quarter, compared to analysts' expectations of $62.93 billion. During the same quarter last year, the company posted $3.78 EPS. The company's revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 0.55%. Costco Wholesale's dividend payout ratio is 29.50%.

Insider Buying and Selling at Costco Wholesale

In other news, Director Susan L. Decker sold 547 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the sale, the director directly owned 11,531 shares in the company, valued at approximately $11,300,380. This represents a 4.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Patrick J. Callans sold 3,000 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the completion of the sale, the executive vice president directly owned 58,543 shares in the company, valued at $58,705,164.11. This trade represents a 4.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,547 shares of company stock valued at $9,472,510 over the last quarter. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley boosted their target price on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a report on Thursday, May 29th. Cfra Research raised Costco Wholesale from a "hold" rating to a "moderate buy" rating in a report on Friday, April 4th. Wall Street Zen raised Costco Wholesale from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, Truist Financial boosted their price objective on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,037.48.

Get Our Latest Report on COST

Costco Wholesale Profile

(Free Report)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.

Recommended Stories

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Corporation (NASDAQ:COST - Free Report).

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Costco Wholesale Right Now?

Before you consider Costco Wholesale, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Costco Wholesale wasn't on the list.

While Costco Wholesale currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for July 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Time to Cash Out? 5 Stocks to Drop Before Earnings
Watch Before Monday: Stocks to Load Up on Before Earnings
3 Hot Growth Stocks to Watch Right Now!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines