Costco Wholesale Co. (NASDAQ:COST – Get Free Report) EVP James C. Klauer sold 1,500 shares of the company’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $562.01, for a total value of $843,015.00. Following the completion of the sale, the executive vice president now owns 45,134 shares of the company’s stock, valued at approximately $25,365,759.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Costco Wholesale Trading Down 0.3 %
COST traded down $1.74 on Thursday, hitting $563.78. The company had a trading volume of 1,456,791 shares, compared to its average volume of 1,813,871. The business’s fifty day simple moving average is $555.03 and its 200 day simple moving average is $529.57. The company has a quick ratio of 0.57, a current ratio of 1.07 and a debt-to-equity ratio of 0.21. Costco Wholesale Co. has a 12-month low of $447.90 and a 12-month high of $576.19. The company has a market cap of $249.81 billion, a PE ratio of 39.89, a PEG ratio of 4.16 and a beta of 0.77.
Costco Wholesale (NASDAQ:COST – Get Free Report) last announced its earnings results on Tuesday, September 26th. The retailer reported $4.86 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $0.07. Costco Wholesale had a return on equity of 28.10% and a net margin of 2.60%. The firm had revenue of $78.94 billion during the quarter, compared to analysts’ expectations of $77.72 billion. During the same quarter in the previous year, the business earned $4.20 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Equities research analysts expect that Costco Wholesale Co. will post 15.69 EPS for the current year.
Costco Wholesale Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Thursday, August 24th. Costco Wholesale’s dividend payout ratio (DPR) is 28.81%.
Analyst Upgrades and Downgrades
A number of research firms have commented on COST. Robert W. Baird raised their target price on shares of Costco Wholesale from $535.00 to $550.00 in a research note on Friday, July 7th. Raymond James lifted their target price on shares of Costco Wholesale from $570.00 to $580.00 and gave the company an “outperform” rating in a research note on Wednesday, September 27th. Wells Fargo & Company increased their price target on Costco Wholesale from $510.00 to $525.00 in a research note on Thursday, October 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on Costco Wholesale from $651.00 to $652.00 and gave the company a “buy” rating in a research report on Wednesday, September 27th. Finally, Evercore ISI increased their target price on Costco Wholesale from $595.00 to $600.00 and gave the stock an “outperform” rating in a research report on Friday, September 8th. Seven equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $586.25.
Get Our Latest Report on Costco Wholesale
Institutional Investors Weigh In On Costco Wholesale
Institutional investors have recently made changes to their positions in the company. High Net Worth Advisory Group LLC grew its stake in shares of Costco Wholesale by 21.5% during the first quarter. High Net Worth Advisory Group LLC now owns 3,020 shares of the retailer’s stock valued at $1,501,000 after buying an additional 534 shares during the last quarter. Annex Advisory Services LLC grew its position in Costco Wholesale by 3.9% in the 2nd quarter. Annex Advisory Services LLC now owns 25,345 shares of the retailer’s stock valued at $13,645,000 after acquiring an additional 958 shares during the last quarter. Cascade Investment Group Inc. increased its stake in Costco Wholesale by 4.3% in the second quarter. Cascade Investment Group Inc. now owns 1,604 shares of the retailer’s stock worth $864,000 after purchasing an additional 66 shares during the period. Busey Wealth Management lifted its position in shares of Costco Wholesale by 10.1% during the second quarter. Busey Wealth Management now owns 12,474 shares of the retailer’s stock worth $6,716,000 after purchasing an additional 1,140 shares during the last quarter. Finally, Welch & Forbes LLC boosted its stake in shares of Costco Wholesale by 0.6% during the first quarter. Welch & Forbes LLC now owns 172,597 shares of the retailer’s stock valued at $85,758,000 after purchasing an additional 1,091 shares during the period. Institutional investors own 66.31% of the company’s stock.
About Costco Wholesale
(Get Free Report)
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.
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