Teresa Jones Sells 850 Shares of Costco Wholesale (NASDAQ:COST) Stock

Costco Wholesale Corporation (NASDAQ:COSTGet Free Report) EVP Teresa Jones sold 850 shares of the stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $986.26, for a total value of $838,321.00. Following the transaction, the executive vice president owned 4,228 shares of the company’s stock, valued at approximately $4,169,907.28. This trade represents a 16.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $983.25 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.04 and a quick ratio of 0.53. The firm has a market cap of $436.44 billion, a price-to-earnings ratio of 52.66, a price-to-earnings-growth ratio of 5.89 and a beta of 1.02. The stock’s 50-day moving average is $900.28 and its 200-day moving average is $929.81. Costco Wholesale Corporation has a one year low of $844.06 and a one year high of $1,078.23.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its earnings results on Thursday, December 11th. The retailer reported $4.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.07. The business had revenue of $67.31 billion for the quarter, compared to analyst estimates of $67.03 billion. Costco Wholesale had a return on equity of 29.35% and a net margin of 2.96%.Costco Wholesale’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $4.04 EPS. Equities analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be issued a dividend of $1.30 per share. The ex-dividend date is Friday, January 30th. This represents a $5.20 annualized dividend and a yield of 0.5%. Costco Wholesale’s dividend payout ratio is presently 27.85%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on COST. Argus raised their price objective on Costco Wholesale from $1,170.00 to $1,200.00 and gave the company a “buy” rating in a report on Monday, September 29th. Guggenheim restated a “neutral” rating on shares of Costco Wholesale in a research note on Monday, December 22nd. Robert W. Baird dropped their price objective on Costco Wholesale from $1,125.00 to $1,000.00 and set an “outperform” rating on the stock in a research note on Friday, December 12th. DA Davidson reissued a “neutral” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a report on Thursday, December 4th. Finally, Gordon Haskett lowered their target price on shares of Costco Wholesale from $1,150.00 to $1,100.00 and set a “buy” rating on the stock in a report on Monday, December 1st. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $996.00.

View Our Latest Analysis on Costco Wholesale

Institutional Investors Weigh In On Costco Wholesale

A number of large investors have recently added to or reduced their stakes in the business. Peterson Wealth Services lifted its holdings in Costco Wholesale by 0.5% in the 2nd quarter. Peterson Wealth Services now owns 13,616 shares of the retailer’s stock worth $13,479,000 after purchasing an additional 72 shares in the last quarter. Fishman Jay A Ltd. MI raised its position in shares of Costco Wholesale by 3.5% during the second quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock valued at $16,718,000 after buying an additional 575 shares during the last quarter. Silver Oak Securities Incorporated lifted its holdings in shares of Costco Wholesale by 49.3% in the third quarter. Silver Oak Securities Incorporated now owns 3,780 shares of the retailer’s stock worth $3,499,000 after buying an additional 1,248 shares in the last quarter. Permanent Capital Management LP purchased a new position in shares of Costco Wholesale in the third quarter worth $874,000. Finally, Wealthspire Advisors LLC boosted its position in shares of Costco Wholesale by 2.0% during the second quarter. Wealthspire Advisors LLC now owns 15,799 shares of the retailer’s stock worth $15,640,000 after acquiring an additional 312 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale News Roundup

Here are the key news stories impacting Costco Wholesale this week:

About Costco Wholesale

(Get Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

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Insider Buying and Selling by Quarter for Costco Wholesale (NASDAQ:COST)

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