Costco Wholesale Co. (NASDAQ:COST - Get Free Report) EVP Russell D. Miller sold 785 shares of the business's stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the sale, the executive vice president now directly owns 10,000 shares in the company, valued at $7,228,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Costco Wholesale Price Performance
Shares of COST opened at $711.25 on Friday. The company has a market capitalization of $315.44 billion, a price-to-earnings ratio of 46.52, a P/E/G ratio of 4.76 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43. The business's 50-day moving average is $730.57 and its 200-day moving average is $659.59. Costco Wholesale Co. has a fifty-two week low of $476.75 and a fifty-two week high of $787.08.
Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, topping analysts' consensus estimates of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The firm had revenue of $58.44 billion for the quarter, compared to the consensus estimate of $59.11 billion. During the same quarter in the prior year, the company posted $3.30 earnings per share. The firm's revenue was up 5.7% on a year-over-year basis. Equities research analysts expect that Costco Wholesale Co. will post 15.84 EPS for the current fiscal year.
Costco Wholesale Increases Dividend
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be paid a $1.16 dividend. This is an increase from Costco Wholesale's previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $4.64 annualized dividend and a dividend yield of 0.65%. Costco Wholesale's dividend payout ratio (DPR) is presently 26.68%.
Wall Street Analyst Weigh In
A number of research firms have commented on COST. Oppenheimer upped their price target on Costco Wholesale from $760.00 to $805.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 5th. Gordon Haskett lowered Costco Wholesale from a "buy" rating to an "accumulate" rating and set a $775.00 target price on the stock. in a research note on Wednesday, April 3rd. Evercore ISI raised their target price on Costco Wholesale from $795.00 to $805.00 and gave the company an "outperform" rating in a report on Thursday, April 11th. The Goldman Sachs Group boosted their price target on shares of Costco Wholesale from $665.00 to $749.00 and gave the stock a "buy" rating in a research note on Thursday, February 8th. Finally, Roth Mkm raised their price objective on shares of Costco Wholesale from $601.00 to $650.00 and gave the company a "neutral" rating in a research note on Thursday, April 11th. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of "Moderate Buy" and an average price target of $691.28.
Check Out Our Latest Analysis on COST
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Richelieu Gestion SA acquired a new position in shares of Costco Wholesale in the fourth quarter valued at $25,000. Frank Rimerman Advisors LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $26,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Costco Wholesale during the 4th quarter worth about $26,000. Morton Brown Family Wealth LLC boosted its position in shares of Costco Wholesale by 200.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer's stock valued at $30,000 after acquiring an additional 30 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new position in Costco Wholesale in the fourth quarter worth about $30,000. Institutional investors own 68.48% of the company's stock.
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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