Costco Wholesale (NASDAQ:COST) Trading Up 0.2%

Posted by Logan Wallace on Apr 18th, 2024

Costco Wholesale Co. (NASDAQ:COST –

Check Out Our Latest Report on Costco Wholesale

Costco Wholesale Trading Down 0.5 %

The firm has a 50-day moving average of $730.83 and a 200-day moving average of $659.23. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. The firm has a market capitalization of $315.56 billion, a P/E ratio of 46.85, a price-to-earnings-growth ratio of 4.77 and a beta of 0.77.

Costco Wholesale (NASDAQ:COST – Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The business had revenue of $58.44 billion for the quarter, compared to analyst estimates of $59.11 billion. During the same period last year, the company earned $3.30 EPS. Costco Wholesale’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities research analysts anticipate that Costco Wholesale Co. will post 15.84 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be given a $1.16 dividend. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, April 25th. Costco Wholesale’s dividend payout ratio (DPR) is currently 26.68%.

Insider Transactions at Costco Wholesale

In other news, Director Susan L. Decker sold 1,442 shares of Costco Wholesale stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $723.48, for a total value of $1,043,258.16. Following the sale, the director now directly owns 12,395 shares in the company, valued at approximately $8,967,534.60. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Susan L. Decker sold 1,442 shares of Costco Wholesale stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $723.48, for a total value of $1,043,258.16. Following the sale, the director now directly owns 12,395 shares in the company, valued at approximately $8,967,534.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director W Craig Jelinek sold 8,000 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total value of $5,487,440.00. Following the completion of the sale, the director now owns 216,212 shares in the company, valued at $148,306,297.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,942 shares of company stock worth $7,602,943. 0.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Costco Wholesale

Hedge funds have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. boosted its position in shares of Costco Wholesale by 1.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 28,855 shares of the retailer’s stock valued at $16,302,000 after purchasing an additional 273 shares in the last quarter. Keating Investment Counselors Inc. boosted its position in shares of Costco Wholesale by 43.0% during the third quarter. Keating Investment Counselors Inc. now owns 2,643 shares of the retailer’s stock valued at $1,493,000 after purchasing an additional 795 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Costco Wholesale by 28.9% during the fourth quarter. Cerity Partners LLC now owns 272,288 shares of the retailer’s stock valued at $179,822,000 after purchasing an additional 61,122 shares in the last quarter. Rice Partnership LLC boosted its position in shares of Costco Wholesale by 21.0% during the third quarter. Rice Partnership LLC now owns 11,741 shares of the retailer’s stock valued at $6,633,000 after purchasing an additional 2,038 shares in the last quarter. Finally, Rappaport Reiches Capital Management LLC boosted its position in shares of Costco Wholesale by 23.5% during the fourth quarter. Rappaport Reiches Capital Management LLC now owns 814 shares of the retailer’s stock valued at $538,000 after purchasing an additional 155 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.