Costco Wholesale Co. (NASDAQ:COST - Get Free Report) EVP Gary Millerchip sold 1,100 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the completion of the transaction, the executive vice president now directly owns 11,165 shares in the company, valued at $10,495,211.65. This trade represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Costco Wholesale Price Performance
Shares of NASDAQ:COST opened at $938.75 on Friday. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a market cap of $416.51 billion, a P/E ratio of 55.12, a P/E/G ratio of 6.15 and a beta of 0.82. The company has a 50 day moving average of $988.34 and a 200 day moving average of $945.95.
Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts' consensus estimates of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.72 billion for the quarter, compared to analysts' expectations of $63.02 billion. As a group, sell-side analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.
Costco Wholesale Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. Costco Wholesale's payout ratio is currently 27.09%.
Institutional Trading of Costco Wholesale
Large investors have recently modified their holdings of the business. CHURCHILL MANAGEMENT Corp purchased a new position in Costco Wholesale in the 4th quarter worth approximately $8,430,000. GAMMA Investing LLC grew its position in Costco Wholesale by 15.0% in the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer's stock worth $7,020,000 after acquiring an additional 1,001 shares in the last quarter. Dale Q Rice Investment Management Ltd bought a new position in Costco Wholesale in the fourth quarter valued at $984,000. Stanich Group LLC purchased a new stake in Costco Wholesale during the fourth quarter valued at about $214,000. Finally, Everence Capital Management Inc. lifted its stake in Costco Wholesale by 15.4% during the fourth quarter. Everence Capital Management Inc. now owns 11,913 shares of the retailer's stock worth $10,916,000 after purchasing an additional 1,590 shares during the last quarter. Institutional investors own 68.48% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on COST shares. Roth Mkm raised their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Loop Capital decreased their price target on Costco Wholesale from $1,150.00 to $1,135.00 and set a "buy" rating for the company in a report on Friday, March 7th. Cowen reissued a "buy" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Jefferies Financial Group upped their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Finally, Stifel Nicolaus lowered their target price on shares of Costco Wholesale from $1,075.00 to $1,035.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale presently has a consensus rating of "Moderate Buy" and an average price target of $1,029.00.
Check Out Our Latest Stock Analysis on Costco Wholesale
Costco Wholesale Company Profile
(
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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