Claudine Adamo Sells 900 Shares of Costco Wholesale Co. (NASDAQ:COST) Stock

Costco Wholesale Co. (NASDAQ:COST) EVP Claudine Adamo sold 900 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction of $830,304.00. Following the sale, the executive vice president now owns 6,987 shares in the company, valued at approximately $6,445,926.72. This trade represents a 11.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Costco Wholesale Price Performance

NASDAQ COST opened at $938.75 on Friday. The company has a 50-day moving average price of $988.34 and a 200-day moving average price of $945.95. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $416.51 billion, a P/E ratio of 55.12, a PEG ratio of 6.15 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The business had revenue of $63.72 billion for the quarter, compared to analysts’ expectations of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. Equities research analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. TD Cowen boosted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Wells Fargo & Company upped their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Raymond James lifted their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley raised their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,029.00.

Institutional Trading of Costco Wholesale

Hedge funds have recently bought and sold shares of the stock. CHURCHILL MANAGEMENT Corp bought a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $8,430,000. GAMMA Investing LLC lifted its holdings in Costco Wholesale by 15.0% during the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after purchasing an additional 1,001 shares in the last quarter. Dale Q Rice Investment Management Ltd purchased a new position in Costco Wholesale during the fourth quarter valued at approximately $984,000. Stanich Group LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter worth $214,000. Finally, Everence Capital Management Inc. increased its stake in shares of Costco Wholesale by 15.4% in the fourth quarter. Everence Capital Management Inc. now owns 11,913 shares of the retailer’s stock worth $10,916,000 after purchasing an additional 1,590 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

About Costco Wholesale

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.