Pasadena Private Wealth LLC Purchases New Holdings in Costco Wholesale Corporation $COST

Key Points

• Pasadena Private Wealth acquired 1,470 Costco shares in the second quarter, valued at approximately $1.375 million. Institutional investors collectively own 68.48% of the company.
• Costco’s international expansion and ongoing warehouse openings are viewed as potential long-term growth drivers, though analysts warn that the stock’s elevated valuation—about 47.5 times earnings—could limit returns if growth slows.
• COST recently traded near $943.89, while Wall Street maintained a “Moderate Buy” consensus with an average price target of $1,059.53; the company also pays an annualized $5.88 dividend, yielding approximately 0.6%.

Pasadena Private Wealth LLC acquired a new position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,470 shares of the retailer's stock, valued at approximately $1,375,000.

Several other large investors have also recently bought and sold shares of COST. Palisade Asset Management LLC raised its position in shares of Costco Wholesale by 1.4% during the fourth quarter. Palisade Asset Management LLC now owns 702 shares of the retailer's stock worth $605,000 after acquiring an additional 10 shares during the last quarter. Graybill Wealth Management LTD. boosted its holdings in Costco Wholesale by 0.3% in the fourth quarter. Graybill Wealth Management LTD. now owns 3,194 shares of the retailer's stock valued at $2,754,000 after acquiring an additional 10 shares during the last quarter. Wealth Effects LLC boosted its holdings in Costco Wholesale by 1.2% in the first quarter. Wealth Effects LLC now owns 874 shares of the retailer's stock valued at $871,000 after acquiring an additional 10 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. increased its position in Costco Wholesale by 1.8% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 551 shares of the retailer's stock worth $549,000 after purchasing an additional 10 shares during the period. Finally, First National Bank of Hutchinson increased its position in Costco Wholesale by 0.9% in the first quarter. First National Bank of Hutchinson now owns 1,098 shares of the retailer's stock worth $1,094,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 68.48% of the company's stock.

Key Costco Wholesale News

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

• Positive Sentiment: Costco’s international business is becoming a more important growth engine. Solid comparable sales, expansion opportunities in Asia and Europe, and additional warehouse “white space” could support longer-term revenue growth and diversify the company beyond the mature U.S. market. Can International Markets Become Costco’s Biggest Driver?
• Positive Sentiment: A large new Southern California warehouse is nearing completion and has an opening date, adding local capacity and potentially attracting new members. The near-term financial effect is likely modest, but the opening reinforces Costco’s ongoing store-expansion strategy. Costco’s New California Location Nears Completion
• Positive Sentiment: A discussion of the late investor Charlie Munger’s concentrated ownership of Costco highlights the company’s longstanding reputation for a durable business model, customer loyalty and high-quality management. However, the commentary is historical rather than a new fundamental catalyst. Charlie Munger’s Costco Investment
• Neutral Sentiment: Routine coverage of Costco’s Labor Day hours and fact-checking of shopping rumors has little direct relevance to earnings or the stock.
• Neutral Sentiment: Walmart’s launch of a new rotisserie-chicken offering increases competition in a popular Costco category, but the article focuses primarily on Walmart and does not indicate a material change to Costco’s outlook. Walmart Challenges Costco With Rotisserie Chicken
• Negative Sentiment: Several analyses argue that Costco’s valuation is the main risk. Despite strong operations, a price near 46–48 times earnings could limit future returns and make the stock vulnerable if growth slows or results merely meet expectations. Is Costco Stock an Obvious Buy Right Now?
• Negative Sentiment: Target is presented as the more attractive discount-retail investment because of improving momentum and a substantially lower valuation, potentially diverting investor interest from COST. Costco vs. Target

Costco Wholesale Trading Down 0.2%

NASDAQ:COST opened at $943.89 on Tuesday. 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 Corporation has a 1-year low of $844.06 and a 1-year high of $1,096.50. The firm has a market capitalization of $418.60 billion, a price-to-earnings ratio of 47.48, a PEG ratio of 4.50 and a beta of 0.87. The business's 50-day moving average price is $945.65 and its two-hundred day moving average price is $979.60.

Costco Wholesale Announces Dividend

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

Wall Street Analyst Weigh In

COST has been the topic of a number of research reports. Guggenheim restated a "neutral" rating on shares of Costco Wholesale in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $1,120.00 price target on shares of Costco Wholesale in a research report on Thursday, August 6th. Citigroup started coverage on shares of Costco Wholesale in a report on Thursday, June 18th. They issued a "neutral" rating and a $1,020.00 price objective on the stock. Mizuho set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday, June 1st. Finally, Sanford C. Bernstein raised their price objective on shares of Costco Wholesale from $1,192.00 to $1,194.00 and gave the company an "outperform" rating in a research note on Friday, May 29th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,059.53.

Insider Buying and Selling at Costco Wholesale

In related news, Director Kenneth D. Denman sold 885 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total transaction of $847,343.25. Following the transaction, the director owned 4,779 shares of the company's stock, valued at $4,575,653.55. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by corporate 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.

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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