Thurston Springer Miller Herd & Titak Inc. Sells 1,238 Shares of Costco Wholesale Corporation $COST

Key Points

• Thurston Springer Miller Herd & Titak cut its Costco stake by 68.3%, selling 1,238 shares and retaining 574 shares worth approximately $523,000. Institutional investors and hedge funds collectively own 68.48% of Costco.
• Costco reported a quarterly earnings beat, with EPS of $6.75 versus the $6.54 estimate and revenue of $95.72 billion, up 11.1% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,046.27.
• Costco shares traded at $976.38, while the company’s strong sales growth, liquidity and expansion plans support its outlook; however, its elevated valuation and sensitivity to interest rates remain key risks.

Thurston Springer Miller Herd & Titak Inc. reduced its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 68.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 574 shares of the retailer's stock after selling 1,238 shares during the period. Costco Wholesale accounts for approximately 0.9% of Thurston Springer Miller Herd & Titak Inc.'s investment portfolio, making the stock its 18th biggest holding. Thurston Springer Miller Herd & Titak Inc.'s holdings in Costco Wholesale were worth $523,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sarasin & Partners LLP raised its stake in shares of Costco Wholesale by 6.9% in the second quarter. Sarasin & Partners LLP now owns 214,194 shares of the retailer's stock worth $200,372,000 after purchasing an additional 13,795 shares during the last quarter. Nissay Asset Management Corp Japan grew its holdings in Costco Wholesale by 4.1% during the second quarter. Nissay Asset Management Corp Japan now owns 158,416 shares of the retailer's stock worth $148,193,000 after buying an additional 6,200 shares in the last quarter. Hyperion Asset Management Ltd grew its holdings in Costco Wholesale by 9.0% during the second quarter. Hyperion Asset Management Ltd now owns 68,762 shares of the retailer's stock worth $64,325,000 after buying an additional 5,656 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in Costco Wholesale by 15.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 22,766 shares of the retailer's stock valued at $21,297,000 after buying an additional 2,974 shares during the last quarter. Finally, Silvant Capital Management LLC purchased a new position in Costco Wholesale during the 2nd quarter worth $16,013,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on COST shares. HSBC upgraded shares of Costco Wholesale to a "buy" rating in a research note on Friday, September 25th. Royal Bank Of Canada reissued a "sector perform" rating and set a $1,000.00 price target on shares of Costco Wholesale in a research report on Friday, October 9th. BTIG Research restated a "buy" rating and set a $1,125.00 price target on shares of Costco Wholesale in a report on Wednesday, September 23rd. Mizuho reduced their price objective on shares of Costco Wholesale from $1,100.00 to $1,065.00 and set an "outperform" rating for the company in a research report on Friday, September 25th. Finally, Roth Capital reiterated a "sell" rating and issued a $781.00 price objective on shares of Costco Wholesale in a research note on Friday, September 25th. Twenty-three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,046.27.

Costco Wholesale Stock Performance

Costco Wholesale stock traded up $21.75 during mid-day trading on Wednesday, reaching $976.38. 1,200,229 shares of the company's stock were exchanged, compared to its average volume of 2,179,270. The business's fifty day simple moving average is $930.95 and its 200 day simple moving average is $963.12. The company has a quick ratio of 0.62, a current ratio of 1.06 and a debt-to-equity ratio of 0.11. Costco Wholesale Corporation has a one year low of $844.06 and a one year high of $1,096.50. The firm has a market capitalization of $432.67 billion, a PE ratio of 47.01, a P/E/G ratio of 4.07 and a beta of 0.88.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings data on Thursday, September 24th. The retailer reported $6.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.54 by $0.21. Costco Wholesale had a return on equity of 27.60% and a net margin of 3.04%. The firm had revenue of $95.72 billion during the quarter, compared to the consensus estimate of $94.97 billion. During the same quarter in the prior year, the company earned $5.87 EPS. The business's revenue for the quarter was up 11.1% on a year-over-year basis. On average, sell-side analysts expect that Costco Wholesale Corporation will post 22.85 earnings per share for the current year.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Claudine Adamo sold 2,200 shares of the business's stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $915.93, for a total value of $2,015,046.00. Following the transaction, the executive vice president directly owned 7,134 shares of the company's stock, valued at approximately $6,534,244.62. The trade was a 23.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.10% of the company's stock.

Costco Wholesale News Roundup

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

• Positive Sentiment: Costco reported September net sales of approximately $30.02 billion, up 13% year over year, while digitally enabled sales increased 19%. The figures support continued momentum in membership-driven retail and e-commerce. Should Costco’s September Sales Jump and Faster Digital Growth Require Action From Costco Wholesale Investors?
• Positive Sentiment: A Florida city council gave preliminary approval for a new Costco warehouse, adding to the company’s long-term growth pipeline. New locations can increase membership revenue and sales, although the project still requires additional approvals. Costco gets early OK from Florida city council for new retail store
• Positive Sentiment: Analysts highlighted Costco’s roughly $21.3 billion liquidity cushion, manageable debt and strong cash flows. That balance-sheet strength gives the company flexibility to fund warehouse expansion, technology investments and shareholder returns. How Costco’s Balance Sheet Gives It an Edge Over Retail Competitors
• Positive Sentiment: Reports point to Costco attracting younger members, potentially improving the company’s customer lifetime value and supporting future membership renewal and spending growth. Costco is getting a new kind of member
• Neutral Sentiment: Erste Group raised its FY2027 EPS forecast modestly to $22.80 and projects $25.01 for FY2028, but the FY2027 estimate remains close to the broader $22.85 consensus for the current fiscal year. Costco earnings estimates
• Neutral Sentiment: A limited-time Häagen-Dazs holiday candy offering exclusive to Costco could support seasonal traffic and member engagement, but it is unlikely to materially affect companywide results. Costco adds exclusive limited-time candy treat
• Negative Sentiment: Costco trades at a lofty earnings multiple, making the stock sensitive to interest rates and any slowdown in sales or membership growth. The 10-year Treasury yield near 5.2% also offers investors substantially more income than Costco’s dividend, reducing the stock’s appeal to yield-focused buyers. Costco Wholesale Stock Loses to 10-Year U.S. Treasury Notes on Yield

About Costco Wholesale

Costco Wholesale Corporation operates a membership-based warehouse retail business under the Costco name. The company sells a broad selection of merchandise, including groceries, fresh foods, beverages, appliances, electronics, furniture, apparel, jewelry, hardware, and seasonal products. It also offers services such as gasoline, pharmacies, optical departments, hearing-aid centers, food courts, travel services, and business delivery in selected markets.

Costco markets many products under its private-label Kirkland Signature brand and sells merchandise through warehouse locations and e-commerce platforms.

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