KMG Fiduciary Partners LLC Sells 1,502 Shares of Costco Wholesale Corporation $COST

Key Points

• KMG Fiduciary Partners reduced its Costco stake by 14.5%, selling 1,502 shares and retaining 8,847 shares valued at approximately $8.28 million. Institutional investors collectively own 68.48% of the company.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $1,059.53. Recent targets range from $1,011 to $1,200.
• Costco reported strong sales momentum, including July net sales growth of 10.7% year over year and an 8.9% increase in comparable sales, though its roughly 48 P/E ratio and a slight quarterly EPS miss highlight valuation and execution risks.

KMG Fiduciary Partners LLC reduced its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 14.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,847 shares of the retailer's stock after selling 1,502 shares during the period. KMG Fiduciary Partners LLC's holdings in Costco Wholesale were worth $8,276,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Costco Wholesale during the 4th quarter worth approximately $27,000. Mcguire Capital Advisors Inc. bought a new stake in Costco Wholesale in the fourth quarter valued at approximately $28,000. Lifetime Wealth Management P.C. acquired a new stake in Costco Wholesale in the fourth quarter worth $28,000. Entrust Financial LLC acquired a new stake in Costco Wholesale in the fourth quarter worth $31,000. Finally, Joseph Group Capital Management bought a new position in shares of Costco Wholesale during the fourth quarter worth $33,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on COST. Bank of America boosted their price target on shares of Costco Wholesale from $1,185.00 to $1,200.00 and gave the company a "buy" rating in a report on Friday, May 29th. Citigroup started coverage on Costco Wholesale in a research note on Thursday, June 18th. They set a "neutral" rating and a $1,020.00 price objective on the stock. Truist Financial lifted their target price on Costco Wholesale from $977.00 to $1,011.00 and gave the stock a "hold" rating in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $1,120.00 target price on shares of Costco Wholesale in a research note on Thursday. Finally, Sanford C. Bernstein raised their price target on Costco Wholesale from $1,192.00 to $1,194.00 and gave the stock an "outperform" rating in a research report on Friday, May 29th. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,059.53.

Insider Activity

In related news, Director Kenneth D. Denman sold 885 shares of Costco Wholesale stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total value of $847,343.25. Following the sale, the director owned 4,779 shares of the company's stock, valued at approximately $4,575,653.55. The trade was a 15.62% decrease in their ownership of the stock. 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.

Key Headlines Impacting Costco Wholesale

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

• Positive Sentiment: Costco reported July net sales of $23.12 billion, up 10.7% year over year. Comparable sales increased 8.9% overall and 10.3% in the United States, indicating resilient consumer demand and continued traffic strength. Costco Delivered Another Strong Sales Print in July
• Positive Sentiment: Analysts highlighted Costco’s value-focused pricing, quality merchandise, broad warehouse footprint and strong digitally enabled sales as advantages in a cautious consumer environment. The results suggest momentum could continue into the second half of the year. Can Costco Keep Its Sales Momentum Going After a Solid July?
• Positive Sentiment: Costco may add another warehouse in North Texas, signaling continued investment in store expansion. More locations could increase membership growth, sales and operating scale, although the potential site is not yet confirmed. Costco May Add Another Store in North Texas
• Neutral Sentiment: Coverage of Costco’s rapid store construction points to an efficient expansion process, potentially helping the company open warehouses faster and capture demand, though it does not represent a new financial result. The Secret Behind Why Costco Stores Get Built So Fast
• Neutral Sentiment: Analyst coverage continues to emphasize Costco’s membership strength and growth opportunities, but the shares remain valued at a premium. Costco’s roughly 48 price-to-earnings ratio leaves less room for disappointment if sales growth slows or margins weaken. Top Analyst Reports for Costco, Chevron and Home Depot
• Negative Sentiment: Investors are still watching whether Costco can sustain its rapid sales pace after July. Its recent quarterly EPS slightly missed estimates, adding sensitivity to the upcoming earnings report despite a revenue beat. Can Costco Keep Its Sales Momentum Going After a Solid July?

Costco Wholesale Stock Performance

Shares of COST opened at $952.75 on Tuesday. Costco Wholesale Corporation has a 12 month low of $844.06 and a 12 month high of $1,096.50. The firm has a fifty day simple moving average of $950.64 and a 200 day simple moving average of $982.05. The stock has a market capitalization of $422.53 billion, a price-to-earnings ratio of 47.93, a PEG ratio of 4.51 and a beta of 0.87. 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 (NASDAQ:COST - Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.94 by ($0.01). Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. The business had revenue of $70.53 billion during the quarter, compared to analyst estimates of $70.12 billion. During the same quarter in the previous year, the firm posted $4.28 earnings per share. Research analysts forecast that Costco Wholesale Corporation will post 20.42 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

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

Costco Wholesale Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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