Costco Wholesale (NASDAQ:COST) EVP Teresa Jones Sells 850 Shares

Costco Wholesale Corporation (NASDAQ:COSTGet Free Report) EVP Teresa Jones sold 850 shares of the company’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $986.26, for a total transaction of $838,321.00. Following the sale, the executive vice president owned 4,228 shares of the company’s stock, valued at $4,169,907.28. This trade represents a 16.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock traded up $7.08 during trading on Friday, reaching $983.25. The company’s stock had a trading volume of 1,679,216 shares, compared to its average volume of 2,943,449. Costco Wholesale Corporation has a one year low of $844.06 and a one year high of $1,078.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.53 and a current ratio of 1.04. The firm has a market cap of $436.43 billion, a price-to-earnings ratio of 52.66, a price-to-earnings-growth ratio of 5.89 and a beta of 1.02. The business’s fifty day moving average price is $899.07 and its 200-day moving average price is $930.26.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its earnings results on Thursday, December 11th. The retailer reported $4.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.07. Costco Wholesale had a return on equity of 29.35% and a net margin of 2.96%.The firm had revenue of $67.31 billion for the quarter, compared to analyst estimates of $67.03 billion. During the same quarter last year, the firm posted $4.04 EPS. The company’s revenue was up 8.3% on a year-over-year basis. As a group, equities research analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $5.20 dividend on an annualized basis and a yield of 0.5%. Costco Wholesale’s payout ratio is 27.85%.

Analysts Set New Price Targets

COST has been the topic of several research reports. Raymond James Financial dropped their price objective on shares of Costco Wholesale from $1,070.00 to $1,000.00 and set an “outperform” rating on the stock in a report on Friday, December 12th. The Goldman Sachs Group lowered their price target on Costco Wholesale from $1,218.00 to $1,171.00 and set a “buy” rating on the stock in a research note on Friday, December 12th. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale in a research report on Monday, December 22nd. Roth Mkm set a $769.00 price objective on Costco Wholesale and gave the stock a “sell” rating in a report on Monday, December 15th. Finally, UBS Group reissued a “buy” rating on shares of Costco Wholesale in a report on Friday, December 12th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $996.00.

Check Out Our Latest Research Report on COST

Costco Wholesale News Summary

Here are the key news stories impacting Costco Wholesale this week:

Institutional Trading of Costco Wholesale

Institutional investors have recently bought and sold shares of the stock. Soundwatch Capital LLC increased its position in shares of Costco Wholesale by 635.7% during the 2nd quarter. Soundwatch Capital LLC now owns 2,553 shares of the retailer’s stock worth $25,000 after purchasing an additional 2,206 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in Costco Wholesale during the second quarter worth about $31,000. Hurley Capital LLC increased its holdings in shares of Costco Wholesale by 120.0% during the third quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock worth $31,000 after buying an additional 18 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of Costco Wholesale in the third quarter valued at approximately $34,000. Finally, Collier Financial bought a new position in shares of Costco Wholesale in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Company Profile

(Get Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

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Insider Buying and Selling by Quarter for Costco Wholesale (NASDAQ:COST)

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