Investors Sell Costco Wholesale (COST) on Strength (COST)
Traders sold shares of Costco Wholesale Co. (NASDAQ:COST) on strength during trading hours on Monday. $65.22 million flowed into the stock on the tick-up and $163.96 million flowed out of the stock on the tick-down, for a money net flow of $98.74 million out of the stock. Of all companies tracked, Costco Wholesale had the 7th highest net out-flow for the day. Costco Wholesale traded up $0.97 for the day and closed at $208.72
A number of research firms have recently commented on COST. BMO Capital Markets set a $258.00 target price on Costco Wholesale and gave the company a “buy” rating in a research report on Friday, December 14th. BidaskClub cut Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Friday, January 25th. Barclays reiterated a “hold” rating and issued a $225.00 price objective on shares of Costco Wholesale in a report on Wednesday, January 9th. Argus reiterated a “buy” rating and issued a $245.00 price objective (down from $255.00) on shares of Costco Wholesale in a report on Monday, December 24th. They noted that the move was a valuation call. Finally, Oppenheimer lowered their price objective on Costco Wholesale from $262.00 to $240.00 in a report on Friday, December 14th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $242.15.
The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.48. The firm has a market capitalization of $91.51 billion, a PE ratio of 30.56, a PEG ratio of 2.72 and a beta of 0.94.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Friday, February 8th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 33.38%.
In other Costco Wholesale news, Director Susan L. Decker sold 739 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $205.00, for a total value of $151,495.00. Following the transaction, the director now directly owns 52,249 shares of the company’s stock, valued at approximately $10,711,045. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan L. Decker sold 1,611 shares of the firm’s stock in a transaction that occurred on Friday, January 4th. The stock was sold at an average price of $206.15, for a total transaction of $332,107.65. Following the completion of the transaction, the director now directly owns 51,389 shares in the company, valued at $10,593,842.35. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bigelow Investment Advisors LLC raised its position in shares of Costco Wholesale by 3.3% during the 4th quarter. Bigelow Investment Advisors LLC now owns 1,575 shares of the retailer’s stock valued at $321,000 after buying an additional 50 shares during the period. Cornerstone Advisors Inc. raised its position in shares of Costco Wholesale by 2.1% during the 3rd quarter. Cornerstone Advisors Inc. now owns 2,557 shares of the retailer’s stock valued at $601,000 after buying an additional 53 shares during the period. Cigna Investments Inc. New raised its position in shares of Costco Wholesale by 0.4% during the 4th quarter. Cigna Investments Inc. New now owns 12,916 shares of the retailer’s stock valued at $2,630,000 after buying an additional 55 shares during the period. Truewealth LLC raised its position in shares of Costco Wholesale by 2.6% during the 4th quarter. Truewealth LLC now owns 2,216 shares of the retailer’s stock valued at $451,000 after buying an additional 56 shares during the period. Finally, Doyle Wealth Management raised its position in shares of Costco Wholesale by 6.2% during the 4th quarter. Doyle Wealth Management now owns 1,009 shares of the retailer’s stock valued at $206,000 after buying an additional 59 shares during the period. 78.27% of the stock is currently owned by institutional investors and hedge funds.
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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