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

Costco Wholesale Co. (NASDAQ:COST) EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 6,987 shares of the company’s stock, valued at $6,445,926.72. This trade represents a 11.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Costco Wholesale Stock Up 0.5 %

Shares of Costco Wholesale stock opened at $930.26 on Wednesday. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.24. The company has a market cap of $412.74 billion, a P/E ratio of 54.62, a PEG ratio of 6.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The firm has a fifty day moving average of $987.84 and a two-hundred day moving average of $946.11.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. On average, analysts forecast 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. Shareholders of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.50%. Costco Wholesale’s payout ratio is currently 27.09%.

Hedge Funds Weigh In On Costco Wholesale

Several hedge funds have recently bought and sold shares of COST. Investment Management Corp VA ADV purchased a new position in Costco Wholesale during the 4th quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth approximately $29,000. Synergy Investment Management LLC purchased a new stake in Costco Wholesale in the 4th quarter valued at approximately $31,000. NewSquare Capital LLC grew its holdings in Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after buying an additional 25 shares during the last quarter. Finally, Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale during the fourth quarter worth $33,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COST has been the subject of several research reports. TD Cowen boosted their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. UBS Group upped their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Jefferies Financial Group lifted their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Cowen restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Finally, BMO Capital Markets lifted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,029.00.

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.