SVB Wealth LLC Reduces Position in Costco Wholesale Corporation $COST

Key Points

• SVB Wealth LLC cut its Costco stake by 27.3% in the first quarter, selling 3,346 shares and leaving it with 8,911 shares worth about $8.88 million.
• Wall Street remains mostly upbeat on Costco, with 22 analysts rating it a Buy and the consensus view at Moderate Buy; the average price target is $1,061.45.
• Costco reported mixed quarterly results: EPS of $4.93 slightly missed estimates, while revenue of $70.53 billion came in above expectations. The company also raised its quarterly dividend to $1.47 per share from $1.30.

SVB Wealth LLC trimmed its holdings in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 27.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,911 shares of the retailer's stock after selling 3,346 shares during the quarter. SVB Wealth LLC's holdings in Costco Wholesale were worth $8,879,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of COST. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Costco Wholesale in the 4th quarter valued at $27,000. Lifetime Wealth Management P.C. bought a new stake in shares of Costco Wholesale during the fourth quarter worth $28,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Costco Wholesale during the fourth quarter worth $28,000. Hurley Capital LLC boosted its stake in shares of Costco Wholesale by 120.0% during the third quarter. Hurley Capital LLC now owns 33 shares of the retailer's stock valued at $31,000 after purchasing an additional 18 shares during the period. Finally, Entrust Financial LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth about $31,000. 68.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

COST has been the topic of several recent analyst reports. Citigroup assumed coverage on shares of Costco Wholesale in a research note on Thursday, June 18th. They issued a "neutral" rating and a $1,020.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Thursday, April 9th. Mizuho set a $1,100.00 price target on Costco Wholesale in a report on Monday, June 1st. Bank of America increased their price objective on Costco Wholesale from $1,185.00 to $1,200.00 and gave the stock a "buy" rating in a research note on Friday, May 29th. Finally, Sanford C. Bernstein raised their price objective on Costco Wholesale from $1,192.00 to $1,194.00 and gave the stock an "outperform" rating in a report 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,061.45.

Costco Wholesale Trading Up 0.7%

NASDAQ COST opened at $957.68 on Wednesday. Costco Wholesale Corporation has a one year low of $844.06 and a one year 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 $424.71 billion, a price-to-earnings ratio of 48.17, a price-to-earnings-growth ratio of 4.61 and a beta of 0.88. The company's 50-day simple moving average is $997.76 and its two-hundred day simple moving average is $969.87.

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 the consensus estimate of $4.94 by ($0.01). The business had revenue of $70.53 billion during the quarter, compared to analysts' expectations 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 in the previous year, the company posted $4.28 EPS. Equities analysts forecast that Costco Wholesale Corporation will post 20.38 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a dividend of $1.47 per share. This is a boost from Costco Wholesale's previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Friday, May 1st. This represents a $5.88 annualized dividend and a yield of 0.6%. 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 financial coverage say Costco’s membership model looks stronger, citing high renewal rates, executive upgrades, and solid membership-fee growth that could support future earnings. Is Costco Wholesale's Membership Model Getting Even Stronger?
• Positive Sentiment: New store approvals and openings in Macon and Pensacola reinforce Costco’s continued warehouse expansion, which can drive long-term membership growth and sales. Coming Soon: New Costco approved for Macon Here's when you can step inside Pensacola's first Costco
• Positive Sentiment: Coverage of Costco adding frozen Greek yogurt cups and other popular items highlights the retailer’s ability to keep members engaged with new, value-oriented products. Costco adds frozen Greek yogurt cups from brand customers call 'top tier'
• Positive Sentiment: Several consumer-facing stories about savings, electronics, and discounted gift cards underline Costco’s appeal as a value destination, which supports traffic and retention. 10 Of The Coolest New Costco Electronics Of 2026 (So Far) Discover 5 Costco perks that can save retirees over $500 annually Costco Is Selling PlayStation Gift Cards At An Unbeatable Price
• Neutral Sentiment: Broader retail news about Amazon Prime Day and inflation is drawing attention to consumer spending and pricing pressure, but it is not directly specific to Costco’s near-term fundamentals. Amazon’s Prime Day sale could spur $26.3B in US e-commerce As Inflation Hits 3-Year High, These 2 ETFs Are Designed to Hedge Against Rising Costs
• Negative Sentiment: One report notes Costco members voicing inventory complaints, while a separate article on overstocked retailers suggests excess inventory and inflation remain challenges across retail, which could pressure margins if conditions worsen. Costco members voice surprising inventory complaint Retailers Overstocked to Avoid Tariffs. Then Inflation Hit.

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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