Kentucky Retirement Systems Raises Position in Costco Wholesale Co. (NASDAQ:COST) (2023)

Posted by Elija Maina on Apr 26th, 2023

Kentucky Retirement Systems Raises Position in Costco Wholesale Co. (NASDAQ:COST) (1)Kentucky Retirement Systems grew its position in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,826 shares of the retailer’s stock after acquiring an additional 152 shares during the period. Costco Wholesale comprises 0.6% of Kentucky Retirement Systems’ portfolio, making the stock its 28th largest holding. Kentucky Retirement Systems’ holdings in Costco Wholesale were worth $15,898,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in COST. United Bank boosted its holdings in Costco Wholesale by 9.2% during the first quarter. United Bank now owns 5,254 shares of the retailer’s stock worth $3,026,000 after buying an additional 444 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Costco Wholesale by 33.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 383,691 shares of the retailer’s stock worth $220,948,000 after buying an additional 96,566 shares in the last quarter. Covestor Ltd boosted its holdings in Costco Wholesale by 87.1% during the first quarter. Covestor Ltd now owns 232 shares of the retailer’s stock worth $134,000 after buying an additional 108 shares in the last quarter. Bridgefront Capital LLC purchased a new stake in Costco Wholesale during the first quarter worth about $333,000. Finally, Next Century Growth Investors LLC boosted its holdings in Costco Wholesale by 0.9% during the first quarter. Next Century Growth Investors LLC now owns 3,414 shares of the retailer’s stock worth $1,965,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 66.03% of the company’s stock.

Insiders Place Their Bets

In related news, EVP James C. Klauer sold 2,500 shares of the stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $503.69, for a total value of $1,259,225.00. Following the sale, the executive vice president now owns 40,884 shares of the company’s stock, valued at approximately $20,592,861.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Richard A. Galanti sold 2,068 shares of the stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $483.32, for a total value of $999,505.76. Following the completion of the transaction, the chief financial officer now owns 25,350 shares in the company, valued at approximately $12,252,162. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James C. Klauer sold 2,500 shares of the stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $503.69, for a total transaction of $1,259,225.00. Following the completion of the transaction, the executive vice president now owns 40,884 shares of the company’s stock, valued at approximately $20,592,861.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,668 shares of company stock valued at $3,290,566. Company insiders own 0.22% of the company’s stock.

Costco Wholesale Stock Down 1.0 %

COST traded down $4.90 during trading on Wednesday, hitting $498.27. The company had a trading volume of 314,715 shares, compared to its average volume of 1,918,322. The company has a market cap of $220.97 billion, a PE ratio of 36.97, a P/E/G ratio of 3.83 and a beta of 0.79. The business has a 50-day moving average of $491.98 and a 200-day moving average of $490.80. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 0.56. Costco Wholesale Co. has a 1-year low of $406.51 and a 1-year high of $564.80.

Costco Wholesale (NASDAQ:COSTGet Rating) last issued its earnings results on Thursday, March 2nd. The retailer reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.10. The company had revenue of $55.27 billion for the quarter, compared to analysts’ expectations of $55.61 billion. Costco Wholesale had a net margin of 2.58% and a return on equity of 28.66%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.92 earnings per share. As a group, analysts forecast that Costco Wholesale Co. will post 14.43 earnings per share for the current year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 19th. Shareholders of record on Friday, May 5th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.82%. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, May 4th. Costco Wholesale’s dividend payout ratio is 26.45%.

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Wall Street Analysts Forecast Growth

A number of research firms recently commented on COST. TheStreet raised shares of Costco Wholesale from a “c” rating to a “b” rating in a report on Thursday, March 23rd. Telsey Advisory Group restated an “outperform” rating and set a $540.00 target price on shares of Costco Wholesale in a research report on Thursday, April 6th. Robert W. Baird cut their price objective on shares of Costco Wholesale from $575.00 to $535.00 and set an “outperform” rating for the company in a research report on Friday, March 3rd. StockNews.com upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, March 10th. Finally, Cowen lowered their target price on shares of Costco Wholesale from $650.00 to $600.00 and set an “outperform” rating for the company in a report on Monday, January 23rd. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $549.52.

Costco Wholesale Profile

(Get Rating)

Costco Wholesale Corp. engages in the operation of membership warehouses through wholly owned subsidiaries. It operates through the following geographical segments: United States, Canada, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.

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Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTGet Rating).

Kentucky Retirement Systems Raises Position in Costco Wholesale Co. (NASDAQ:COST) (2)

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FAQs

What is the stock price for Costco Wholesale? ›

Performance Outlook
Previous Close491.30
Day's Range491.15 - 497.81
52 Week Range406.51 - 609.18
Volume1,411,760
Avg. Volume1,928,844
3 more rows

What is the price target for Costco stock analyst? ›

Average Price Target

Based on 25 Wall Street analysts offering 12 month price targets for Costco in the last 3 months. The average price target is $558.17 with a high forecast of $635.00 and a low forecast of $475.00. The average price target represents a 11.25% change from the last price of $501.74.

How is Costco doing financially? ›

For the thirty-one weeks ended April 2, 2023, the Company reported net sales of $137.77 billion, an increase of 6.0 percent from $130.00 billion last year. U.S. U.S.

How much money does Costco make from memberships? ›

Costco generated $4.2 billion in membership revenue in 2022, compared to $3.87 billion in 2021 and $3.54 in 2020.

What is the highest Costco stock has ever been? ›

Costco - 37 Year Stock Price History | COST
  • The all-time high Costco stock closing price was 603.93 on April 07, 2022.
  • The Costco 52-week high stock price is 564.75, which is 14.2% above the current share price.
  • The Costco 52-week low stock price is 406.51, which is 17.8% below the current share price.

Who owns the most stock in Costco? ›

The Vanguard Group, Inc. is currently the company's largest shareholder with 8.8% of shares outstanding. With 6.8% and 4.2% of the shares outstanding respectively, BlackRock, Inc. and State Street Global Advisors, Inc.

What will Costco stock price be next 5 years? ›

Trailing-12-month EPS is $13.61, so in five years it would be $21.91. With a P/E ratio of 36, that gives us a five-year target stock price of $789, or about a 60% gain from today's price.

What will Costco stock price be in 2024? ›

On average, Wall Street analysts predict that Costco's share price could reach $552.47 by Apr 6, 2024. The average Costco stock price prediction forecasts a potential upside of 9.79% from the current COST share price of $503.22. What is COST's forecast return on assets (ROA) for 2023-2026?

What is the 12 month stock price forecast for Costco? ›

Stock Price Forecast

The 29 analysts offering 12-month price forecasts for Costco Wholesale Corp have a median target of 545.00, with a high estimate of 610.00 and a low estimate of 465.00. The median estimate represents a +8.30% increase from the last price of 503.23.

Is Costco stock a buy right now? ›

28 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Costco Wholesale Corporation.

Who makes the most money in Costco? ›

Costco Wholesale Company employees with the job title Warehouse Supervisor make the most with an average hourly rate of $23.93, while employees with the title Front End Clerk make the least with an average hourly rate of $14.83.

How much is Costco in debt? ›

Costco long term debt from 2010 to 2023. Long term debt can be defined as the sum of all long term debt fields. Costco long term debt for the quarter ending February 28, 2023 was $6.506B, a 2.28% decline year-over-year. Costco long term debt for 2022 was $6.484B, a 3.11% decline from 2021.

What is the busiest Costco in the US? ›

The Iwelei Costco on Oahu Island in Hawaii is the busiest in the world. Costco estimates that 1 in 4 residents of the island are Costco members, and with Oahu having a population of over 950,000, it's easy to see why this location gets a lot of foot traffic.

How much do Costco owners make a year? ›

At the time of writing, our data shows that Costco Wholesale Corporation has a market capitalization of US$214b, and reported total annual CEO compensation of US$9.9m for the year to August 2022.

How much does 1 Costco make a day? ›

Costco has over half of the wholesale club market (55.5%) and a single Costco location makes on average $526,000 per day, close to $200 million a year. Costco saw incredible growth in 2021, with its revenue increasing by almost one-fifth from the previous year.

Will Costco stock split in 2023? ›

Since the company has avoided stock splits for two decades, and the business momentum seems to be fading, a stock split for Costco seems unlikely in the near future.

Will Costco give a special dividend? ›

Costco Will Offer a Special Dividend

The most-recent one was a $10-a-share payout made in December 2020. Now, Galanti has made clear that even though rising interest rates mean that the company can make money on its cash balance, a special dividend is coming.

Is Costco a good dividend stock? ›

While Costco's dividend yield is relatively low, it has a history of occasionally paying special dividends when business conditions warrant.

Does Bill Gates own Costco shares? ›

The first Costco Wholesale trade was made in Q3 2002. Since then Bill Gates bought shares ten more times and sold shares on four occasions. The investor sold all their shares in Q4 2012 and doesn't own any shares in Costco Wholesale anymore.

Why did Buffett sell all his Costco stock? ›

He simply saw more growth potential in other equities. And clearly the profit was worth banking. As much as Buffett loves Costco, his partner Munger loves it even more.

Does Warren Buffett own Costco stock? ›

Warren Buffett Costco Wholesale Corp

The first Costco Wholesale trade was made in Q2 2000. Since then Warren Buffett bought shares nine more times and sold shares on nine occasions.

What will Costco stock price be in 2023? ›

COST - Costco Wholesale Corporation
DateOpenHigh
Apr 28, 2023501.56504.83
Apr 27, 2023494.83502.26
Apr 26, 2023500.42502.87
Apr 25, 2023511.13513.13
65 more rows

What is the stock price prediction for Costco in 2025? ›

As for its baseline Costco stock forecast 2025, Wallet Investor predicted that the price could rise further to $820.937. Although it didn't provide price targets for 2030, its 5 year price prediction expected COST to hit $940.943 in May 2027.

What is the stock price prediction for Costco in 2023? ›

If you are looking for stocks with good return, Costco Wholesale Corp can be a profitable investment option. Costco Wholesale Corp quote is equal to 505.700 USD at 2023-04-25. Based on our forecasts, a long-term increase is expected, the "COST" stock price prognosis for 2028-04-19 is 890.186 USD.

What is the best stock to grow in 2023? ›

The Famous Five of 2023
  • RIL/Reliance Industries: One of the best companies based out of India to put your money on, RIL has been a reliable stock since a while. ...
  • HDFC Bank. A private-sector Indian bank, this bank has proved its mettle for long-term shareholding. ...
  • TCS/Tata Consultancy Services. ...
  • Hindustan Unilever. ...
  • Infosys.

What is the best day to go to Costco stock? ›

Fridays, when people are stocking up for the weekend. Mondays, when people are stocking up for the week ahead, as well as when weekend shoppers come back to the store to return something or get a refund.

What is Costco stock return for 10 years? ›

4 COST Stock Vs Similar Market Cap Stocks
Company Name10-Year Return (%)
Costco Wholesale Corporation (COST)19.11%
()6.51%
Intel Corporation(INTC)%

What month are stocks cheapest? ›

September is traditionally thought to be a down month. October, too, has seen record drops of 19.7% and 21.5% in 1907, 1929, and 1987. 3 These mark the onset of the Panic of 1907, the Great Depression, and Black Monday. As a result, some traders believe that September and October are the best months to sell stocks.

What stock to buy and hold for 20 years? ›

7 Stocks to Buy and Hold for the Next 20 Years
MGMMGM.$43.83
ILMNIllumina$196.58
BKNGBooking Holdings$2,348.37
FTNTFortinet$59.61
PYPLPayPal$80.80
2 more rows
Feb 12, 2023

What is the fair price of Costco share? ›

As of today (2023-05-01), Costco Wholesale's share price is $495.36. Costco Wholesale's Peter Lynch fair value is $175.71. Therefore, Costco Wholesale's Price to Peter Lynch Fair Value Ratio for today is 2.82.

Is Costco a good long term stock? ›

During that period, its annual revenue grew at a compound annual growth rate (CAGR) of 12% as its EPS increased at a CAGR of 17%. Those stable growth rates made Costco a favorite evergreen investment for long-term investors.

What stocks will boom in 2023? ›

Bank of America's Best Growth Stocks of 2023
Company5-Year EPS Estimate
Progressive (PGR)+28.6%
SolarEdge Technologies (SEDG)+42.0%
T-Mobile (TMUS)+66.6%
United Rentals (URI)+15.6%
6 more rows
Apr 11, 2023

Is Costco a good long term buy? ›

The research-driven investment advisor points to Costco's strong membership renewal rate of nearly 93% in the U.S. and Canada and 90.5% globally as a healthy harbinger. Costco generates most of its profits from its annual memberships fees and membership rose 7% last year.

What's the easiest job at Costco? ›

The easiest job at Costco is a front end assistant, and most entry-level jobs start at this position. Other jobs that are easy for employees at Costco include all entry-level employees like cashier assistant, food service assistant, food court worker, or customer service representative.

Who pays more Walmart or Costco? ›

Of the top 3 common jobs between the two companies, Costco Wholesale salaries averaged $6 higher than Walmart.

What discount do Costco employees get? ›

But you won't get any store discounts as a Costco employee. Sadly, the freebie train ends at the membership. But that doesn't mean your savings end there. Even though the answer to “does Costco take coupons?” is no … you can still save with the Costco Coupon Book, whether you're an employee or not.

Does Costco make a good profit? ›

Costco gross profit for the twelve months ending February 28, 2023 was $28.285B, a 6.33% increase year-over-year. Costco annual gross profit for 2022 was $27.572B, a 9.22% increase from 2021. Costco annual gross profit for 2021 was $25.245B, a 15.69% increase from 2020.

Is Costco financially stable? ›

Costco has some of the best retail financial metrics in the world which is a testament to its high quality management and board. It has grown revenues, margins and dividends every year since 2009 and was not financially impacted by the COVID pandemic.

How much do you have to buy from Costco to make it worth it? ›

How much you'd need to spend to make Costco Executive Membership worthwhile. In order to receive $60 in reward dollars and recoup the $60 more that an Executive Membership costs, one must spend $3,000 over the course of the year at Costco on eligible purchases, an average of $250 a month.

Who is bigger than Costco? ›

Walmart is Costco's biggest competitor. It has a much larger market position, higher earnings, and a much larger footprint.

Where is the smallest Costco located? ›

ALASKA: 5225 Commercial Boulevard in Juneau

Juneau has the smallest Costco in the world.

Who is Costco's competition? ›

Costco's competitors and similar companies include The Home Depot, Kroger, Target, Walmart, Amazon, Sam's Club, Lowe's, Aldi UK and BJ's Wholesale Club. Costco Wholesale Corporation is a company operating membership warehouses. The Home Depot is a home improvement specialty retailer.

Is Costco owner a billionaire? ›

"Jim" Sinegal (born January 1, 1936) is an American billionaire businessman who is the co-founder and former CEO of the Costco Wholesale Corporation, an international retail chain.
...
James Sinegal.
Jim Sinegal
Known forFounder and former CEO of Costco
SuccessorW. Craig Jelinek
SpouseJanet Sinegal
Children3, including David
4 more rows

What is the Costco Executive bonus? ›

Annual 2% Reward

Executive Members can earn up to $1,000 every year on qualified Costco, Costco.com and Costco Travel purchases.

How much does Costco make a year on gas? ›

Costco Wholesale (ticker: COST) could sell $30 billion of gasoline in its fiscal year ending in August, with about $25 billion in the U.S., according to Richard Galanti, the company's longtime chief financial officer. The company sold a total of $17 billion of gas in fiscal 2021.

Where is the busiest Costco in the world? ›

The Iwelei Costco on Oahu Island in Hawaii is the busiest in the world. Costco estimates that 1 in 4 residents of the island are Costco members, and with Oahu having a population of over 950,000, it's easy to see why this location gets a lot of foot traffic.

What does Costco make most profit? ›

Costco makes a small percentage of its profits from its merchandise, whereas the bulk of its profits come from its membership dues. Only members can shop at Costco. The membership business model allows Costco to undersell the competition by offering products in bulk at lower prices to ensure customer loyalty.

What is the average bill at Costco? ›

The average Costco customer spends around $100 per trip, according to data from analytics firm Numerator, prepared for Insider. The average Costco shopper typically visits every two weeks or around 30 times per year.

Can you buy stock in Costco? ›

Costco Wholesale has adopted Direct Registration, a book-entry form of stock ownership. When you purchase Costco Common Stock through the direct stock purchase plan, a stock certificate will not be issued, unless specifically requested.

What is the price of stock? ›

A stock price is a given for every share issued by a publicly-traded company. The price is a reflection of the company's value – what the public is willing to pay for a piece of the company. It can and will rise and fall, based on a variety of factors in the global landscape and within the company itself.

What is the share price of a stock? ›

A share price – or a stock price – is the amount it would cost to buy one share in a company. The price of a share is not fixed, but fluctuates according to market conditions. It will likely increase if the company is perceived to be doing well, or fall if the company isn't meeting expectations.

Is Costco stock splitting? ›

Since the company has avoided stock splits for two decades, and the business momentum seems to be fading, a stock split for Costco seems unlikely in the near future.

Is Costco owned by Walmart? ›

Costco is a publicly traded company, while Sam's Club is a subsidiary of Walmart. Costco's membership fees are more expensive, but its prices are slightly lower—thanks in part to its private branded products, such as Kirkland. Costco has more stores worldwide, but Sam's Club has more stores in the U.S.

What does .39 mean at Costco? ›

39, this typically means that Costco worked a special price with the producer, so you might not find it for less anywhere else. Look for an Asterisk. Check out the top right corner of the tag to see if there's an asterisk like you see in the photo here.

What does .79 mean at Costco? ›

If a Costco price tag ends in . 49, . 89, or . 79, it's another good time to throw it into your cart. These prices indicate a special promotional offer straight from the product's manufacturer, according to Consumer Reports.

What does .98 mean at Costco? ›

If a price ends in . 98 or . 99, “That means Costco didn't get a special deal from the supplier… It's not on sale or marked down in any way.” But any other price that ends in “. x9"—like .

What is the best paying dividend stock? ›

Comparison Results
NamePrice & ChangeAnalyst Price Target
CVX Chevron168.58 +1.63 (+0.98%)$190.44 (12.97% Upside)
EOG EOG Resources119.47 +3.63 (+3.13%)$147.14 (23.16% Upside)
ET Energy Transfer12.88 +0.09 (+0.7%)$16.71 (29.74% Upside)
HESM Hess Midstream Partners29.34 +0.45 (+1.56%)$34.80 (18.61% Upside)
5 more rows

What stock is best to invest in? ›

Related: Sign up for stock news with our Invested newsletter.
...
10 of the Best Stocks to Buy for 2023.
StockYTD Total Returns Through April 24
Amazon.com Inc. (AMZN)26.4%
Walt Disney Co. (DIS)14.7%
PayPal Holdings Inc. (PYPL)4.3%
EOG Resources Inc. (EOG)-5.9%
7 more rows
7 days ago

What is the Nasdaq today? ›

Global Markets
SymbolNameLast
COMPNASDAQ Composite Index12,226.58
NDXNASDAQ-10013,245.99
INDUDow Industrials34,098.16
RUIRussell 10002,279.16447

What is a good price for a share? ›

Traditionally, any value under 1.0 is considered desirable for value investors, indicating an undervalued stock may have been identified. However, some value investors may often consider stocks with a less stringent P/B value of less than 3.0 as their benchmark.

How do I find the value of my shares? ›

A public company can work out its value by simply multiplying its current stock price by its current shares.

How do you know when a stock price will go up? ›

If more people want to buy a stock (demand) than sell it (supply), then the price moves up. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall. Understanding supply and demand is easy.

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