Costco Wholesale Co. (NASDAQ:COST - Get Free Report)'s share price fell 0% during trading on Tuesday . The stock traded as low as $981.00 and last traded at $992.46. 532,731 shares traded hands during trading, a decline of 72% from the average session volume of 1,925,914 shares. The stock had previously closed at $992.87.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. BMO Capital Markets boosted their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an "outperform" rating in a research report on Friday. Roth Mkm boosted their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a "neutral" rating in a report on Friday. Redburn Atlantic cut shares of Costco Wholesale from a "buy" rating to a "neutral" rating and raised their target price for the stock from $860.00 to $890.00 in a report on Tuesday, September 10th. Robert W. Baird boosted their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Finally, Truist Financial raised their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a "hold" rating in a research note on Friday. Ten analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $988.46.
Get Our Latest Stock Report on COST
Costco Wholesale Trading Down 1.1 %
The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The stock has a 50-day moving average price of $931.06 and a two-hundred day moving average price of $888.21. The stock has a market cap of $435.13 billion, a PE ratio of 57.67, a price-to-earnings-growth ratio of 6.02 and a beta of 0.82.
Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating the consensus estimate of $5.05 by $0.10. Costco Wholesale had a net margin of 2.93% and a return on equity of 33.19%. The business had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. During the same quarter last year, the business earned $4.86 earnings per share. Costco Wholesale's quarterly revenue was up 1.0% compared to the same quarter last year. Sell-side analysts forecast that Costco Wholesale Co. will post 17.83 earnings per share for the current fiscal year.
Costco Wholesale Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a yield of 0.47%. Costco Wholesale's dividend payout ratio (DPR) is presently 27.25%.
Insider Transactions at Costco Wholesale
In other news, EVP Claudine Adamo sold 3,200 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the sale, the executive vice president now owns 8,630 shares of the company's stock, valued at approximately $7,671,983.70. This represents a 27.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now directly owns 27,400 shares of the company's stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,016 shares of company stock worth $9,826,115. 0.18% of the stock is currently owned by company insiders.
Institutional Trading of Costco Wholesale
Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in Costco Wholesale by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer's stock valued at $8,380,648,000 after buying an additional 162,191 shares in the last quarter. FMR LLC lifted its holdings in shares of Costco Wholesale by 3.6% in the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer's stock worth $8,252,274,000 after buying an additional 324,973 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Costco Wholesale by 113,947.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer's stock worth $6,534,464,000 after buying an additional 7,364,453 shares during the period. Legal & General Group Plc grew its position in shares of Costco Wholesale by 2.5% during the 2nd quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer's stock worth $3,102,941,000 after buying an additional 88,550 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Costco Wholesale by 3.8% in the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer's stock valued at $3,013,394,000 after acquiring an additional 125,444 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.
About Costco Wholesale
(
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Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.
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