Costco Wholesale Co. (NASDAQ:COST) VP Paul G. Moulton sold 3,978 shares of Costco Wholesale stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $303.05, for a total value of $1,205,532.90. Following the completion of the transaction, the vice president now owns 29,565 shares in the company, valued at approximately $8,959,673.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Costco Wholesale stock opened at $302.62 on Friday. The stock’s 50 day simple moving average is $294.80 and its two-hundred day simple moving average is $273.79. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 1.01. The stock has a market cap of $131.54 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 4.09 and a beta of 0.93. Costco Wholesale Co. has a fifty-two week low of $189.51 and a fifty-two week high of $307.34.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, October 3rd. The retailer reported $2.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.54 by $0.15. The business had revenue of $47.50 billion for the quarter, compared to analysts’ expectations of $47.71 billion. Costco Wholesale had a return on equity of 25.00% and a net margin of 2.40%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.36 EPS. On average, analysts predict that Costco Wholesale Co. will post 8.61 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Costco Wholesale by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 37,343,168 shares of the retailer’s stock valued at $9,868,305,000 after acquiring an additional 508,650 shares in the last quarter. Northern Trust Corp boosted its position in shares of Costco Wholesale by 1.0% in the 2nd quarter. Northern Trust Corp now owns 6,379,195 shares of the retailer’s stock worth $1,685,767,000 after purchasing an additional 60,035 shares in the last quarter. Invesco Ltd. boosted its position in shares of Costco Wholesale by 4.6% in the 2nd quarter. Invesco Ltd. now owns 4,818,879 shares of the retailer’s stock worth $1,273,437,000 after purchasing an additional 211,017 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Costco Wholesale by 40,778.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,772,976 shares of the retailer’s stock worth $1,261,307,000 after purchasing an additional 4,761,300 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Costco Wholesale by 8.8% in the 2nd quarter. Morgan Stanley now owns 3,394,496 shares of the retailer’s stock worth $897,029,000 after purchasing an additional 274,845 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently commented on COST. UBS Group lifted their price objective on Costco Wholesale from $280.00 to $335.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Oppenheimer downgraded Costco Wholesale from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $295.00 to $300.00 in a report on Wednesday, September 11th. JPMorgan Chase & Co. boosted their price target on Costco Wholesale from $271.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Loop Capital boosted their price target on Costco Wholesale to $330.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, Evercore ISI restated a “buy” rating on shares of Costco Wholesale in a report on Sunday, August 11th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and sixteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $295.57.
Costco Wholesale Company Profile
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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