Envestnet Asset Management Inc. Has $562.18 Million Stock Holdings in Costco Wholesale Corporation $COST

Envestnet Asset Management Inc. reduced its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 607,350 shares of the retailer’s stock after selling 13,632 shares during the quarter. Envestnet Asset Management Inc. owned 0.14% of Costco Wholesale worth $562,181,000 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. Soundwatch Capital LLC raised its stake in shares of Costco Wholesale by 635.7% in the second quarter. Soundwatch Capital LLC now owns 2,553 shares of the retailer’s stock worth $25,000 after purchasing an additional 2,206 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in Costco Wholesale during the second quarter worth $31,000. AXS Investments LLC purchased a new stake in Costco Wholesale in the 3rd quarter valued at $36,000. Financial Connections Group Inc. raised its position in Costco Wholesale by 975.0% in the 2nd quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock valued at $42,000 after buying an additional 39 shares during the last quarter. Finally, Frazier Financial Advisors LLC lifted its stake in Costco Wholesale by 72.0% during the 2nd quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock valued at $43,000 after acquiring an additional 18 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Key Stories Impacting Costco Wholesale

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

• Positive Sentiment: Membership revenue acceleration — Costco reported a 14% jump in membership fees in Q1 FY26, driven by high renewals and executive upgrades, supporting predictable, resilient cash flow. Costco’s Membership Model Continues to Deliver Predictable Growth
• Positive Sentiment: Exceptionally sticky base — Renewal rates of ~92.3% in the U.S./Canada and ~89.8% worldwide underline the durability of Costco’s membership engine and recurring profit contribution. Nine Out of Ten Costco Members Renew
• Positive Sentiment: Analyst support lifted — Gordon Haskett raised its price target to $1,100, implying notable upside versus recent levels, which can attract buyers and validate upside expectations. Gordon Haskett Adjusts Price Target on Costco
• Positive Sentiment: Telsey reaffirms outperform with $1,100 target — another bullish signal from the sell side that can support demand. Telsey Advisory Group Reaffirms Rating
• Neutral Sentiment: Short-interest reporting appears to contain data anomalies (zeros/NaN and a 0.0 days-to-cover). This looks like a reporting glitch rather than a material change in short exposure. (internal short-interest entries)
• Neutral Sentiment: New-store activity — a ~$37M construction project in New Braunfels signals continued network expansion (incremental revenue potential but not immediate margin driver). $37M Costco construction soars in New Braunfels
• Negative Sentiment: Product recall — Costco recalled mini beignets due to mislabeling/allergy risk across multiple states. This is reputational and operationally inconvenient but appears limited in scale. Costco recalls mini beignets after packaging mix-up
• Negative Sentiment: Analyst/downgrade noise — at least one roundup (InvestorPlace) included a downgrade of Costco within blue-chip ranking updates; such headlines can create short-term selling pressure even if fundamentals remain intact. FedEx Upgraded, Costco Downgraded

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $977.92 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.53 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $909.82 and a two-hundred day simple moving average of $929.46. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,078.23. The firm has a market cap of $434.07 billion, a price-to-earnings ratio of 52.38, a price-to-earnings-growth ratio of 5.79 and a beta of 1.01.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, December 11th. The retailer reported $4.34 EPS for the quarter, beating analysts’ consensus estimates of $4.27 by $0.07. The firm had revenue of $67.31 billion for the quarter, compared to analysts’ expectations of $67.03 billion. Costco Wholesale had a return on equity of 29.35% and a net margin of 2.96%.The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.04 EPS. Analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $5.20 annualized dividend and a yield of 0.5%. Costco Wholesale’s dividend payout ratio is 27.85%.

Insider Activity

In related news, EVP William Richard Wilcox sold 2,400 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $930.13, for a total value of $2,232,312.00. Following the completion of the transaction, the executive vice president directly owned 2,000 shares of the company’s stock, valued at approximately $1,860,260. This trade represents a 54.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Javier Polit sold 2,049 shares of Costco Wholesale stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $867.21, for a total transaction of $1,776,913.29. Following the completion of the transaction, the executive vice president owned 10,748 shares of the company’s stock, valued at $9,320,773.08. This represents a 16.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 9,315 shares of company stock valued at $8,549,409. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Oppenheimer dropped their price target on shares of Costco Wholesale from $1,130.00 to $1,050.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. JPMorgan Chase & Co. upped their target price on Costco Wholesale from $1,025.00 to $1,027.00 and gave the company an “overweight” rating in a report on Friday, December 12th. BTIG Research began coverage on Costco Wholesale in a research report on Tuesday, October 14th. They set a “buy” rating and a $1,115.00 price target for the company. Guggenheim reissued a “neutral” rating on shares of Costco Wholesale in a research report on Monday, December 22nd. Finally, The Goldman Sachs Group decreased their target price on Costco Wholesale from $1,218.00 to $1,171.00 and set a “buy” rating for the company in a research report on Friday, December 12th. Twenty-one analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $998.50.

Costco Wholesale Company Profile

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.