NewEdge Wealth LLC Has $29.26 Million Stock Holdings in Costco Wholesale Corporation $COST

Key Points

• NewEdge Wealth LLC increased its Costco stake by 59.4% in the fourth quarter, ending with 33,932 shares valued at about $29.26 million.
• Costco posted a strong April sales update, with net sales up 13% and comparable sales remaining solid, which helped reinforce bullish analyst sentiment.
• The company recently raised its quarterly dividend to $1.47 per share from $1.30, while analysts overall still rate the stock a Moderate Buy with an average price target of $1,046.03.

NewEdge Wealth LLC grew its holdings in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 59.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 33,932 shares of the retailer's stock after purchasing an additional 12,643 shares during the period. NewEdge Wealth LLC's holdings in Costco Wholesale were worth $29,261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hurley Capital LLC raised its stake in Costco Wholesale by 120.0% during the third quarter. Hurley Capital LLC now owns 33 shares of the retailer's stock worth $31,000 after acquiring an additional 18 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Costco Wholesale in the 3rd quarter valued at approximately $34,000. Collier Financial acquired a new stake in shares of Costco Wholesale in the 3rd quarter valued at approximately $35,000. Joseph Group Capital Management bought a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $33,000. Finally, AXS Investments LLC acquired a new position in Costco Wholesale during the 3rd quarter worth approximately $36,000. 68.48% of the stock is currently owned by institutional investors.

Trending Headlines about Costco Wholesale

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

• Positive Sentiment: April net sales rose 13% and comparable sales remained strong, signaling resilient demand and solid momentum for Costco’s core business. Costco Wholesale Corporation Reports April Sales Results
• Positive Sentiment: Bank of America reiterated a Buy rating after the sales update, pointing to Costco’s steady comparable sales trend despite macro uncertainty. Costco April sales top expectations despite Easter shift, macroeconomic uncertainty
• Positive Sentiment: Deutsche Bank raised its price target and kept a Buy rating, adding to bullish sentiment around the stock. Deutsche Bank adjusts Costco Wholesale PT
• Positive Sentiment: Market chatter around a possible special dividend later this year may be attracting income-focused investors to COST. Is Costco Preparing Another Special Dividend This Year?
• Neutral Sentiment: Costco is also in the news for store expansion plans in California and Florida, which is constructive long term but not an immediate stock catalyst. Costco plots major California expansion as it announces new store openings
• Neutral Sentiment: Several lifestyle and product roundups highlight Costco’s strong brand and value perception, but these are unlikely to move the stock much on their own.
• Negative Sentiment: A lawsuit over Costco’s tariff-refund pricing strategy could create legal and margin uncertainty, though the longer-term financial impact is still unclear. Costco’s Going to Court Because It Wants to Give You Tariff Refunds

Insider Activity at Costco Wholesale

In other news, EVP Claudine Adamo sold 730 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $1,003.02, for a total value of $732,204.60. Following the completion of the sale, the executive vice president owned 6,121 shares of the company's stock, valued at approximately $6,139,485.42. This represents a 10.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. DA Davidson reissued a "neutral" rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a research note on Friday, April 10th. Raymond James Financial upped their price target on shares of Costco Wholesale from $1,000.00 to $1,100.00 and gave the stock an "outperform" rating in a report on Friday, March 6th. Deutsche Bank Aktiengesellschaft increased their price target on Costco Wholesale from $1,104.00 to $1,106.00 and gave the company a "buy" rating in a research note on Thursday. Gordon Haskett raised their price objective on Costco Wholesale from $1,000.00 to $1,100.00 in a report on Tuesday, February 3rd. Finally, Mizuho upped their target price on Costco Wholesale from $1,065.00 to $1,100.00 and gave the stock an "outperform" rating in a report on Thursday, April 16th. Twenty-two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,046.03.

Costco Wholesale Trading Down 0.3%

Shares of NASDAQ COST opened at $1,008.79 on Friday. The firm has a 50 day moving average price of $998.03 and a two-hundred day moving average price of $951.50. The stock has a market cap of $447.55 billion, a P/E ratio of 52.46, a price-to-earnings-growth ratio of 4.97 and a beta of 0.92. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week high of $1,067.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.06.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings results on Wednesday, March 11th. The retailer reported $4.58 EPS for the quarter, topping analysts' consensus estimates of $4.55 by $0.03. Costco Wholesale had a net margin of 2.99% and a return on equity of 28.57%. The company had revenue of $69.60 billion for the quarter, compared to analyst estimates of $68.96 billion. During the same quarter in the previous year, the business earned $4.02 earnings per share. Costco Wholesale's revenue was up 9.2% compared to the same quarter last year. As a group, equities analysts forecast that Costco Wholesale Corporation will post 20.32 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, May 1st. This is a boost from Costco Wholesale's previous quarterly dividend of $1.30. Costco Wholesale's dividend payout ratio (DPR) is presently 30.58%.

Costco Wholesale 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.

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