Shares of Costco Wholesale Co. (NASDAQ:COST - Get Free Report) traded up 0.4% during trading on Tuesday . The stock traded as high as $993.78 and last traded at $992.25. 334,370 shares changed hands during trading, a decline of 83% from the average session volume of 1,917,811 shares. The stock had previously closed at $987.86.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. DA Davidson reaffirmed a "neutral" rating and set a $880.00 price target on shares of Costco Wholesale in a research report on Thursday, October 10th. Roth Mkm increased their price target on shares of Costco Wholesale from $676.00 to $755.00 and gave the stock a "neutral" rating in a research report on Friday, September 27th. Loop Capital increased their price target on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Wells Fargo & Company increased their price objective on shares of Costco Wholesale from $850.00 to $950.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. Finally, Evercore ISI increased their price objective on shares of Costco Wholesale from $985.00 to $990.00 and gave the stock an "outperform" rating in a research note on Thursday, October 10th. Ten investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $931.89.
Get Our Latest Stock Analysis on Costco Wholesale
Costco Wholesale Stock Performance
The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The stock has a market cap of $439.32 billion, a price-to-earnings ratio of 59.88, a price-to-earnings-growth ratio of 6.05 and a beta of 0.82. The company's 50-day simple moving average is $917.82 and its 200-day simple moving average is $880.63.
Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.10. The firm had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.86 earnings per share. Analysts predict that Costco Wholesale Co. will post 17.74 EPS for the current fiscal year.
Costco Wholesale Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Friday, November 1st. Costco Wholesale's payout ratio is presently 28.00%.
Insider Activity at Costco Wholesale
In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the business's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the completion of the transaction, the executive vice president now owns 8,630 shares of the company's stock, valued at $7,671,983.70. The trade was a 27.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Russell D. Miller sold 4,400 shares of the business's stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the transaction, the executive vice president now owns 10,202 shares in the company, valued at approximately $9,091,512.30. The trade was a 30.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,016 shares of company stock valued at $9,826,115. Insiders own 0.18% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in COST. International Assets Investment Management LLC increased its holdings in shares of Costco Wholesale by 113,947.9% during 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 purchasing an additional 7,364,453 shares during the period. Wulff Hansen & CO. increased its holdings in shares of Costco Wholesale by 99,208.6% during the 2nd quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer's stock worth $1,253,508,000 after purchasing an additional 1,473,248 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Costco Wholesale by 287.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer's stock worth $710,802,000 after purchasing an additional 620,341 shares during the period. Strategic Financial Concepts LLC increased its stake in Costco Wholesale by 51,747.5% in the second quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer's stock valued at $5,266,000 after acquiring an additional 618,383 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Costco Wholesale by 28.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer's stock valued at $1,307,363,000 after acquiring an additional 338,780 shares during the period. Institutional investors own 68.48% 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, 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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