Carnegie Investment Counsel Acquires 1,126 Shares of Costco Wholesale Corporation $COST

Carnegie Investment Counsel boosted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,594 shares of the retailer’s stock after acquiring an additional 1,126 shares during the quarter. Carnegie Investment Counsel’s holdings in Costco Wholesale were worth $31,556,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hurley Capital LLC raised its position in 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 acquiring an additional 18 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in Costco Wholesale during the third quarter valued at approximately $34,000. Collier Financial bought a new position in Costco Wholesale during the third quarter valued at approximately $35,000. AXS Investments LLC bought a new position in Costco Wholesale during the third quarter valued at approximately $36,000. Finally, Imprint Wealth LLC bought a new position in Costco Wholesale during the third quarter valued at approximately $36,000. Institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In related news, EVP Claudine Adamo sold 730 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $1,003.02, for a total transaction of $732,204.60. Following the transaction, the executive vice president owned 6,121 shares of the company’s stock, valued at approximately $6,139,485.42. The trade was a 10.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP James C. Klauer sold 1,500 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $939.00, for a total transaction of $1,408,500.00. Following the transaction, the executive vice president directly owned 44,837 shares in the company, valued at $42,101,943. This trade represents a 3.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,538 shares of company stock worth $3,416,416. 0.10% of the stock is owned by insiders.

Key Headlines Impacting Costco Wholesale

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

• Positive Sentiment: March sales beat and traffic strength — Costco reported March net sales up ~11.3% to $28.41B with strong comps and digital growth, reinforcing momentum in membership, transactions and fuel-driven traffic. This is the main fundamental bullish catalyst supporting higher estimates for revenue and same-store sales. Article Title
• Positive Sentiment: Broker upgrades / price-target raises — Deutsche Bank, Telsey and Wells Fargo raised price targets (Deutsche to $1,104; Telsey to $1,135; Wells Fargo to $1,000), providing analyst support that can underpin upside in the shares. Article Title
• Positive Sentiment: High-profile media/catalyst mentions — Jim Cramer highlighted two operational catalysts (e.g., fuel pricing and other retailer advantages), and viral consumer interest in Costco’s one-ounce gold bars and popular product finds is boosting brand visibility and short-term revenue upside. Article Title
• Neutral Sentiment: DA Davidson reiterates Neutral at $1,000 — the firm reaffirmed a neutral view with a target essentially in line with the stock’s level, suggesting limited near-term upside from that shop. Article Title
• Neutral Sentiment: Media and retail write-ups continue to praise Costco’s long-term thesis — several outlets (The Motley Fool, Zacks, Yahoo lifestyle pieces) published favorable takes on Costco’s moat and product wins; these support sentiment but are longer‑term confirmation rather than immediate catalysts. Article Title
• Neutral Sentiment: Short-interest data shows no meaningful build — reported short interest was effectively zero in the latest snapshot, so short-covering or squeeze dynamics are not a near-term driver. (likely data/formatting artifact)
• Negative Sentiment: Valuation concerns — several analysts and commentary (e.g., Seeking Alpha, some sell-side notes) argue Costco’s premium multiple (~50x) is hard to justify, which can cap upside and prompt profit-taking after the sales beat. Article Title
• Negative Sentiment: Macro / headline-driven risk — broader market weakness (S&P futures reacting to geopolitical headlines) likely weighed on retail and large-cap retailers today and may have triggered sector-wide selling pressure that offset Costco’s positive sales print. Article Title