Costco Wholesale (NASDAQ:COST) Stock Price Down 1.1%

Shares of Costco Wholesale Co. (NASDAQ:COSTGet Free Report) traded down 1.1% during trading on Tuesday . The stock traded as low as $712.20 and last traded at $713.23. 506,065 shares changed hands during trading, a decline of 76% from the average session volume of 2,122,920 shares. The stock had previously closed at $721.24.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Costco Wholesale from $615.00 to $675.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. DA Davidson increased their target price on shares of Costco Wholesale from $570.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, December 15th. Gordon Haskett cut shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price objective for the company. in a research note on Wednesday. Finally, UBS Group raised their target price on shares of Costco Wholesale from $640.00 to $725.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $673.36.

Read Our Latest Stock Report on COST

Costco Wholesale Stock Down 0.8 %

The firm’s 50-day moving average price is $727.38 and its two-hundred day moving average price is $648.24. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. The firm has a market cap of $312.97 billion, a PE ratio of 46.15, a P/E/G ratio of 4.93 and a beta of 0.77.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. The firm had revenue of $58.44 billion during the quarter, compared to analysts’ expectations of $59.11 billion. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. Costco Wholesale’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.30 earnings per share. As a group, equities research analysts expect that Costco Wholesale Co. will post 15.81 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were given a dividend of $1.02 per share. The ex-dividend date was Thursday, February 1st. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.58%. Costco Wholesale’s dividend payout ratio (DPR) is presently 26.68%.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, VP Yoram Rubanenko sold 2,500 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the transaction, the vice president now directly owns 5,910 shares of the company’s stock, valued at approximately $4,020,750.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Costco Wholesale news, VP Yoram Rubanenko sold 2,500 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the completion of the transaction, the vice president now owns 5,910 shares in the company, valued at approximately $4,020,750.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Daniel M. Hines sold 1,400 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $662.30, for a total transaction of $927,220.00. Following the completion of the sale, the insider now owns 13,922 shares of the company’s stock, valued at approximately $9,220,540.60. The disclosure for this sale can be found here. Insiders sold a total of 15,582 shares of company stock worth $10,736,778 in the last 90 days. 0.18% of the stock is owned by insiders.

Institutional Investors Weigh In On Costco Wholesale

Several institutional investors have recently made changes to their positions in the stock. Duncan Williams Asset Management LLC acquired a new stake in shares of Costco Wholesale in the first quarter valued at about $553,000. Versant Capital Management Inc lifted its position in shares of Costco Wholesale by 9.7% during the 1st quarter. Versant Capital Management Inc now owns 260 shares of the retailer’s stock valued at $190,000 after acquiring an additional 23 shares during the period. Wilsey Asset Management Inc. boosted its stake in shares of Costco Wholesale by 0.5% during the 1st quarter. Wilsey Asset Management Inc. now owns 12,750 shares of the retailer’s stock worth $9,341,000 after acquiring an additional 60 shares in the last quarter. Modus Advisors LLC grew its holdings in shares of Costco Wholesale by 8.0% in the 1st quarter. Modus Advisors LLC now owns 1,248 shares of the retailer’s stock worth $914,000 after acquiring an additional 92 shares during the period. Finally, General Partner Inc. increased its stake in Costco Wholesale by 16.3% in the 1st quarter. General Partner Inc. now owns 2,401 shares of the retailer’s stock valued at $1,759,000 after purchasing an additional 336 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Company Profile

(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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