Costco Wholesale Corp. (NASDAQ:COST) VP Timothy L. Rose sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $151.12, for a total value of $604,480.00. Following the completion of the sale, the vice president now owns 51,045 shares in the company, valued at approximately $7,713,920.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Costco Wholesale Corp. (NASDAQ:COST) opened at 149.11 on Wednesday. The firm has a 50-day moving average price of $152.24 and a 200-day moving average price of $155.95. Costco Wholesale Corp. has a 52-week low of $138.57 and a 52-week high of $169.73. The firm has a market cap of $65.24 billion, a price-to-earnings ratio of 27.98 and a beta of 0.71.
Costco Wholesale Corp. (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 29th. The retailer reported $1.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.04. Costco Wholesale Corp. had a return on equity of 20.26% and a net margin of 1.98%. The company earned $35.73 billion during the quarter. During the same period last year, the firm earned $1.73 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. Analysts predict that Costco Wholesale Corp. will post $5.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 18th. Stockholders of record on Friday, November 4th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, November 2nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. Costco Wholesale Corp.’s dividend payout ratio (DPR) is 33.71%.
Several equities research analysts have commented on COST shares. Zacks Investment Research lowered Costco Wholesale Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Deutsche Bank AG restated a “buy” rating and issued a $195.00 price objective on shares of Costco Wholesale Corp. in a research report on Friday, September 30th. Oppenheimer Holdings Inc. restated a “buy” rating and issued a $175.00 price objective on shares of Costco Wholesale Corp. in a research report on Thursday, June 30th. Vetr upgraded Costco Wholesale Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, September 1st. Finally, Jefferies Group restated a “hold” rating on shares of Costco Wholesale Corp. in a research report on Monday, September 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $172.03.
Several institutional investors have recently added to or reduced their stakes in the company. Ngam Advisors L.P. raised its position in Costco Wholesale Corp. by 2.4% in the first quarter. Ngam Advisors L.P. now owns 47,336 shares of the retailer’s stock valued at $7,459,000 after buying an additional 1,107 shares during the last quarter. Parker Investment Management LLC acquired a new position in Costco Wholesale Corp. during the first quarter valued at approximately $615,000. Stratos Wealth Partners LTD. raised its position in Costco Wholesale Corp. by 38.3% in the first quarter. Stratos Wealth Partners LTD. now owns 6,544 shares of the retailer’s stock valued at $1,031,000 after buying an additional 1,813 shares during the last quarter. Prudential Financial Inc. raised its position in Costco Wholesale Corp. by 0.3% in the first quarter. Prudential Financial Inc. now owns 551,693 shares of the retailer’s stock valued at $86,936,000 after buying an additional 1,620 shares during the last quarter. Finally, Willingdon Wealth Management raised its position in Costco Wholesale Corp. by 8.9% in the first quarter. Willingdon Wealth Management now owns 17,645 shares of the retailer’s stock valued at $2,780,000 after buying an additional 1,447 shares during the last quarter. 73.13% of the stock is owned by institutional investors.
About Costco Wholesale Corp.
Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet.
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