Investors sold shares of Costco Wholesale Co. (NASDAQ:COST) on strength during trading hours on Thursday. $65.19 million flowed into the stock on the tick-up and $123.05 million flowed out of the stock on the tick-down, for a money net flow of $57.86 million out of the stock. Of all stocks tracked, Costco Wholesale had the 32nd highest net out-flow for the day. Costco Wholesale traded up $2.56 for the day and closed at $239.54
A number of analysts have commented on COST shares. TheStreet cut shares of Costco Wholesale from an “a” rating to a “c” rating in a research note on Wednesday, January 16th. Bank of America reiterated a “buy” rating and issued a $255.00 price target on shares of Costco Wholesale in a research note on Friday, December 14th. Wells Fargo & Co cut their price target on shares of Costco Wholesale from $235.00 to $220.00 and set a “market perform” rating for the company in a research note on Friday, December 14th. They noted that the move was a valuation call. Citigroup cut shares of Costco Wholesale from a “buy” rating to a “neutral” rating and cut their price target for the company from $257.00 to $238.00 in a research note on Monday, December 3rd. Finally, BidaskClub cut shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 25th. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $242.80.
The company has a current ratio of 0.96, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $104.27 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 3.38 and a beta of 0.94.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, March 7th. The retailer reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.34. Costco Wholesale had a net margin of 2.34% and a return on equity of 25.53%. The business had revenue of $35.40 billion during the quarter. During the same quarter last year, the firm earned $1.59 EPS. Equities research analysts expect that Costco Wholesale Co. will post 7.88 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Shareholders of record on Friday, February 8th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 33.38%.
In other Costco Wholesale news, Director Susan L. Decker sold 1,611 shares of Costco Wholesale stock in a transaction dated Friday, January 4th. The shares were sold at an average price of $206.15, for a total value of $332,107.65. Following the completion of the sale, the director now owns 51,389 shares in the company, valued at approximately $10,593,842.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan L. Decker sold 739 shares of Costco Wholesale stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $205.00, for a total transaction of $151,495.00. Following the completion of the sale, the director now owns 52,249 shares of the company’s stock, valued at approximately $10,711,045. The disclosure for this sale can be found here. Insiders sold a total of 8,587 shares of company stock valued at $1,924,179 in the last quarter. Corporate insiders own 0.21% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Country Club Trust Company n.a. increased its holdings in Costco Wholesale by 8.0% in the 4th quarter. Country Club Trust Company n.a. now owns 6,556 shares of the retailer’s stock valued at $1,336,000 after buying an additional 484 shares during the period. Ruggie Capital Group bought a new position in Costco Wholesale in the 4th quarter valued at about $61,000. Ipswich Investment Management Co. Inc. increased its holdings in Costco Wholesale by 80.1% in the 4th quarter. Ipswich Investment Management Co. Inc. now owns 15,378 shares of the retailer’s stock valued at $3,133,000 after buying an additional 6,839 shares during the period. TCI Wealth Advisors Inc. increased its holdings in Costco Wholesale by 2.5% in the 4th quarter. TCI Wealth Advisors Inc. now owns 7,782 shares of the retailer’s stock valued at $1,585,000 after buying an additional 191 shares during the period. Finally, Walter & Keenan Financial Consulting Co. MI ADV increased its holdings in Costco Wholesale by 5.6% in the 4th quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 1,900 shares of the retailer’s stock valued at $387,000 after buying an additional 100 shares during the period. 71.07% of the stock is currently owned by hedge funds and other institutional investors.
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Costco Wholesale Company Profile (NASDAQ:COST)
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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