NewEdge Wealth LLC Has $35.20 Million Stock Position in Costco Wholesale Corporation $COST

Key Points

• NewEdge Wealth LLC increased its Costco stake by 4.1% in the first quarter, adding 1,389 shares to bring its total holdings to 35,321 shares worth about $35.2 million.
• Analysts remain generally constructive on Costco, with multiple firms maintaining or raising price targets and the stock carrying a consensus rating of Moderate Buy with a consensus target around $1,059.
• Costco reported quarterly EPS of $4.93, just below estimates, while revenue came in above expectations; the company also announced a quarterly dividend of $1.47 per share payable on August 7.

NewEdge Wealth LLC raised its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 4.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,321 shares of the retailer's stock after acquiring an additional 1,389 shares during the quarter. NewEdge Wealth LLC's holdings in Costco Wholesale were worth $35,195,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Costco Wholesale from $1,110.00 to $1,100.00 and set an "overweight" rating on the stock in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft raised 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, May 7th. The Goldman Sachs Group boosted their price target on Costco Wholesale from $1,088.00 to $1,159.00 and gave the stock a "buy" rating in a research report on Friday, May 29th. Telsey Advisory Group upped their price objective on Costco Wholesale from $1,125.00 to $1,135.00 and gave the stock an "outperform" rating in a research note on Thursday, April 9th. Finally, Royal Bank Of Canada initiated coverage on Costco Wholesale in a report on Monday, July 13th. They issued a "sector perform" rating and a $1,000.00 price objective for the company. Twenty-two analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,059.07.

Costco Wholesale Trading Down 0.2%

Shares of NASDAQ:COST opened at $927.31 on Thursday. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week high of $1,096.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 1.07. The company has a market capitalization of $411.24 billion, a P/E ratio of 46.65, a price-to-earnings-growth ratio of 4.49 and a beta of 0.88. The company has a 50-day simple moving average of $970.49 and a 200 day simple moving average of $979.74.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share for the quarter, missing analysts' consensus estimates of $4.94 by ($0.01). The business had revenue of $70.53 billion for the quarter, compared to analyst estimates 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 last year, the firm earned $4.28 EPS. Sell-side analysts forecast that Costco Wholesale Corporation will post 20.42 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, July 24th. Costco Wholesale's payout ratio is 29.58%.

Trending Headlines about Costco Wholesale

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

• Positive Sentiment: Analysts and commentators continue to highlight Costco’s durable earnings growth, strong membership model, and long-term upside potential, with some articles arguing the stock could eventually move toward much higher valuations. Article Title
• Positive Sentiment: Costco expanded its business footprint by launching its first standalone members-only gas station in Mission Viejo, California, which reinforces its growth strategy beyond traditional warehouse sites. Article Title
• Positive Sentiment: Recent coverage also points to continued store expansion, including reports that more Costco locations are coming in 2026, while local officials say a new store could bring meaningful tax revenue to Clarksville. Article Title
• Positive Sentiment: Costco is also broadening its value proposition through new services and products, including expanded pharmacy/prescription offerings and the addition of Laifen hair dryers in select U.S. stores, which may help drive traffic and membership retention. Article Title
• Neutral Sentiment: Several articles were broadly positive on Costco’s brand and long-term investment case, including a Zacks analyst roundup and bullish “trillion club” projections, but they did not appear to include new company-specific catalysts for today’s trading. Article Title
• Neutral Sentiment: Some commentary noted Costco members are paying more for memberships because added perks are viewed as worth the cost, which supports the business model but is not an immediate catalyst. Article Title
• Negative Sentiment: One article highlighted that Costco has faced three lawsuits this year, which could add legal and reputational overhang even if the cases are not yet financially material. Article Title
• Negative Sentiment: Some investor commentary remains cautious on valuation, noting that Costco already trades at a premium and that another warehouse competitor may offer better upside, which can temper enthusiasm for the shares. Article Title

Insider Buying and Selling

In other Costco Wholesale news, Director Kenneth D. 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 transaction, the director directly owned 4,779 shares in the company, valued at $4,575,653.55. The trade was 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 at this hyperlink. 0.10% of the stock is currently 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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