Costco Wholesale Co. (NASDAQ:COST - Get Free Report)'s stock price traded down 0.3% during trading on Monday . The stock traded as low as $992.24 and last traded at $1,004.57. 643,039 shares were traded during trading, a decline of 68% from the average session volume of 2,024,604 shares. The stock had previously closed at $1,008.09.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Mizuho assumed coverage on shares of Costco Wholesale in a research note on Friday, April 11th. They set a "neutral" rating and a $975.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Telsey Advisory Group reissued an "outperform" rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, May 5th. Robert W. Baird increased their price objective on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Finally, Barclays increased their price objective on shares of Costco Wholesale from $940.00 to $980.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Ten research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,024.03.
Check Out Our Latest Analysis on COST
Costco Wholesale Trading Up 0.8%
The stock has a market cap of $450.85 billion, a P/E ratio of 59.67, a P/E/G ratio of 6.15 and a beta of 1.00. 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 company has a 50-day moving average price of $958.68 and a two-hundred day moving average price of $964.05.
Costco Wholesale (NASDAQ:COST - Get Free Report) last released its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The company had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. On average, research analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.
Costco Wholesale Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.51%. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date is Friday, May 2nd. Costco Wholesale's dividend payout ratio is presently 30.36%.
Insider Transactions at Costco Wholesale
In other news, EVP Gary Millerchip sold 1,100 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the sale, the executive vice president now owns 11,165 shares of the company's stock, valued at approximately $10,495,211.65. This represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claudine Adamo sold 900 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the sale, the executive vice president now directly owns 6,987 shares of the company's stock, valued at $6,445,926.72. The trade was a 11.41% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,600 shares of company stock worth $9,140,195. 0.18% of the stock is currently owned by company insiders.
Institutional Trading of Costco Wholesale
A number of institutional investors have recently modified their holdings of the company. Cromwell Holdings LLC grew its position in Costco Wholesale by 0.9% in the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer's stock valued at $1,048,000 after buying an additional 10 shares during the last quarter. 44 Wealth Management LLC increased its stake in shares of Costco Wholesale by 0.3% during the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer's stock valued at $3,196,000 after acquiring an additional 10 shares during the last quarter. SRN Advisors LLC increased its position in Costco Wholesale by 0.3% during the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer's stock worth $2,823,000 after purchasing an additional 10 shares in the last quarter. Miramar Capital LLC increased its position in Costco Wholesale by 1.9% during the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer's stock worth $481,000 after purchasing an additional 10 shares in the last quarter. Finally, Clear Investment Research LLC grew its position in Costco Wholesale by 22.2% in the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock valued at $51,000 after acquiring an additional 10 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.
About Costco Wholesale
(
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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