NEOS Investment Management LLC Buys 23,216 Shares of Costco Wholesale Corporation $COST

Key Points

• NEOS Investment Management increased its Costco position by 7.5%, purchasing 23,216 additional shares to hold 330,824 shares valued at approximately $309.5 million.
• Institutional investors and hedge funds own 68.48% of Costco, with several major firms recently initiating or significantly expanding positions.
• Analysts collectively rate Costco a “Moderate Buy”, with an average price target of $1,056.03; the company also pays a quarterly dividend of $1.47, or $5.88 annually, yielding about 0.6%.

NEOS Investment Management LLC increased its holdings in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 330,824 shares of the retailer's stock after purchasing an additional 23,216 shares during the quarter. Costco Wholesale makes up 1.2% of NEOS Investment Management LLC's investment portfolio, making the stock its 18th biggest holding. NEOS Investment Management LLC owned approximately 0.07% of Costco Wholesale worth $309,476,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE acquired a new stake in shares of Costco Wholesale during the second quarter worth $6,781,946,000. Diamant Asset Management Inc. lifted its holdings in Costco Wholesale by 99,278.0% in the first quarter. Diamant Asset Management Inc. now owns 6,726,899 shares of the retailer's stock valued at $672,690,000 after buying an additional 6,720,130 shares during the period. Norges Bank bought a new stake in Costco Wholesale during the fourth quarter valued at $5,195,415,000. Corient Private Wealth LLC boosted its position in Costco Wholesale by 838.9% during the fourth quarter. Corient Private Wealth LLC now owns 6,125,405 shares of the retailer's stock valued at $5,282,182,000 after acquiring an additional 5,472,968 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in Costco Wholesale during the second quarter valued at $2,362,188,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COST has been the subject of several research analyst reports. Royal Bank Of Canada started 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 for the company. Roth Capital boosted their price target on Costco Wholesale from $769.00 to $781.00 and gave the company a "sell" rating in a research note on Friday, May 29th. DA Davidson reissued a "neutral" rating and issued a $1,000.00 price target on shares of Costco Wholesale in a research note on Thursday, September 3rd. Bank of America increased their price target on Costco Wholesale from $1,185.00 to $1,200.00 and gave the stock a "buy" rating in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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. Twenty-two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,056.03.

Costco Wholesale Stock Up 0.3%

Shares of NASDAQ COST opened at $904.77 on Friday. The business has a 50-day moving average of $940.09 and a 200-day moving average of $974.50. The firm has a market capitalization of $401.25 billion, a price-to-earnings ratio of 45.51, a PEG ratio of 3.76 and a beta of 0.86. Costco Wholesale Corporation has a 12 month low of $844.06 and a 12 month high of $1,096.50. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were given a $1.47 dividend. The ex-dividend date was Friday, July 24th. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale's payout ratio is presently 29.58%.

Insider Buying and Selling at Costco Wholesale

In other news, Director Kenneth Denman sold 885 shares of the company's stock in a transaction 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 owned 4,779 shares of the company's stock, valued at approximately $4,575,653.55. This represents a 15.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company's stock.

Trending Headlines about Costco Wholesale

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

• Positive Sentiment: Costco’s recent August and fourth-quarter fiscal 2026 sales results supported an analyst upgrade from “hold” to “buy,” accompanied by a $1,030 price target. The data were viewed as evidence of resilient consumer demand and improving visibility into retail trends. Analyst upgrade following sales reports
• Positive Sentiment: Several analysts maintain substantially higher targets, including targets of $1,100 to $1,200, arguing that Costco’s membership model, recurring sales, and execution could support further valuation upside. Costco price prediction
• Positive Sentiment: Coverage highlights Costco’s ability to compete with Walmart and Amazon, while planned warehouse openings—including a reported $42 million Texas development and additional U.S. and Canadian locations—could expand its membership and sales base. Costco competition and growth
• Positive Sentiment: An Accenture survey suggests consumers may begin holiday shopping unusually early and spend more than in 2025, a potentially favorable backdrop for Costco’s seasonal merchandise and grocery sales. Holiday shopping outlook
• Neutral Sentiment: Brokerage coverage remains favorable overall, with Costco carrying an average “Moderate Buy” rating, but the stock’s elevated valuation means continued earnings and sales growth may be required to justify further gains. Costco brokerage rating
• Neutral Sentiment: New warehouse projects and relocations should support long-term expansion, although local traffic concerns around one planned location could delay or complicate development. Lee’s Summit Costco development
• Negative Sentiment: Costco shares have closed lower for eight consecutive sessions, raising concerns about a technical or valuation-driven correction despite strong operating results.
• Negative Sentiment: Recent insider activity consisted of two sales and no purchases, while reports that Costco is rationing motor oil point to potential product-availability and supply-chain pressures.

About Costco Wholesale

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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