Investors bought shares of Costco Wholesale Co. (NASDAQ:COST) on weakness during trading on Wednesday. $107.64 million flowed into the stock on the tick-up and $61.17 million flowed out of the stock on the tick-down, for a money net flow of $46.47 million into the stock. Of all equities tracked, Costco Wholesale had the 21st highest net in-flow for the day. Costco Wholesale traded down ($2.37) for the day and closed at $185.75
COST has been the subject of a number of analyst reports. Tigress Financial restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, January 5th. Vetr upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price target for the company in a research note on Monday, February 5th. Moffett Nathanson initiated coverage on shares of Costco Wholesale in a research note on Monday, December 4th. They set a “buy” rating for the company. < Oppenheimer raised their price target on shares of Costco Wholesale from $180.00 to $210.00 and gave the stock an "outperform" rating in a research note on Monday, January 8th. Finally, Guggenheim restated a "hold" rating on shares of Costco Wholesale in a research note on Wednesday, November 22nd. Ten analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Costco Wholesale has an average rating of "Buy" and a consensus target price of $190.18.
The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market capitalization of $82,590.00, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 3.03 and a beta of 0.99.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. The business had revenue of $31.81 billion during the quarter, compared to analyst estimates of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. Costco Wholesale’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 earnings per share. analysts anticipate that Costco Wholesale Co. will post 6.71 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, February 15th. Costco Wholesale’s dividend payout ratio is currently 31.80%.
In related news, Director James D. Sinegal sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $192.06, for a total value of $5,761,800.00. Following the completion of the sale, the director now owns 746,209 shares of the company’s stock, valued at $143,316,900.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel M. Hines sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $188.62, for a total transaction of $943,100.00. Following the completion of the sale, the insider now directly owns 30,853 shares of the company’s stock, valued at approximately $5,819,492.86. The disclosure for this sale can be found here. In the last three months, insiders sold 91,185 shares of company stock valued at $17,408,817. 0.74% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the stock. Westside Investment Management Inc. grew its holdings in Costco Wholesale by 0.3% during the 2nd quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock worth $168,000 after acquiring an additional 3 shares during the period. SVA Plumb Wealth Management LLC grew its holdings in Costco Wholesale by 0.3% during the 2nd quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock worth $404,000 after acquiring an additional 7 shares during the period. Cetera Investment Advisers grew its holdings in Costco Wholesale by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock worth $223,000 after acquiring an additional 7 shares during the period. Ray Gerald L & Associates Ltd. grew its holdings in Costco Wholesale by 1.6% during the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 1,285 shares of the retailer’s stock worth $206,000 after acquiring an additional 20 shares during the period. Finally, Keel Point LLC grew its holdings in Costco Wholesale by 1.6% during the 2nd quarter. Keel Point LLC now owns 1,722 shares of the retailer’s stock worth $275,000 after acquiring an additional 27 shares during the period. 70.87% of the stock is owned by institutional investors and hedge funds.
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Costco Wholesale Company Profile
Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.
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