COSTCO WHOLESALE CORP /NEW
In the published model solve dated 2026-Q2, anchored at $946.00, COSTCO WHOLESALE CORP /NEW (COST) is priced for +28.2% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed August 6, 2026 from SEC EDGAR filings.
• Costco turns deliberately low merchandise margins into purchasing scale and recurring fees; the filing calls the format ⟦"designed to reinforce member loyalty and provide continuing fee revenue"⟧. • The specific risk is the gap between the roughly 28% annual operating-profit growth embedded in the price for five years and Costco's roughly 11% historical pace. • Fiscal Q3 2026 net sales ⟦"increased 12% to $69,154"⟧ million, and the next useful tests are the July sales update and fiscal Q4 resul
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4,146 institutional managers reported holding COST in 13F filings for the quarter ended 2026-03-31. Together they hold about 69% of the company; the top 10 hold 34%. 239 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 7.8M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (3.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
COST's share count is about flat over the past five years ($3.45B of repurchases, offset by issuance). It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $4.92 a share annually. Cash returned over the past three years: $12.83B in dividends and $2.44B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at COST over the trailing three years. Absence is a fact about the company, not a signal. 25 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
COST's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-06-02 | +5.1% | +7.7% |
| 2023-10-12 | +0.9% | +11.9% |
| 2023-12-21 | +2.6% | +10.4% |
| 2024-03-14 | -6.2% | +8.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
COST's latest 8-K filings: 2026-07-08 (items 8.01, 9.01); 2026-05-28 (items 2.02, 9.01); 2026-04-15 (items 8.01, 9.01); 2026-03-05 (items 2.02, 9.01); 2026-01-21 (items 5.07, 8.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: August 6, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.