Costco Wholesale Co. (NASDAQ:COST) EVP Claudine Adamo Sells 3,200 Shares

04 Oct 2024, 08:28 by Mitch Edgeman · The Markets Daily

Costco Wholesale Co. (NASDAQ:COST – Get Free Report) EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $888.99, for a total value of $2,844,768.00. Following the transaction, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at $7,671,983.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Costco Wholesale Stock Down 0.3 %

Costco Wholesale stock opened at $875.67 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. The firm’s fifty day moving average price is $874.10 and its two-hundred day moving average price is $820.24. The firm has a market capitalization of $388.21 billion, a price-to-earnings ratio of 54.25, a price-to-earnings-growth ratio of 5.38 and a beta of 0.80. Costco Wholesale Co. has a 1-year low of $540.23 and a 1-year high of $923.83.

Costco Wholesale (NASDAQ:COST – Get Free Report) last announced its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.10. The business had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.30%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $4.86 EPS. On average, equities research analysts predict that Costco Wholesale Co. will post 17.74 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued a dividend of $1.16 per share. The ex-dividend date was Friday, July 26th. This represents a $4.64 annualized dividend and a yield of 0.53%. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on COST shares. DA Davidson raised their price objective on Costco Wholesale from $780.00 to $880.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Truist Financial lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target for the company. in a report on Tuesday, September 24th. Wells Fargo & Company upped their price objective on shares of Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. Tigress Financial lifted their target price on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Finally, Redburn Atlantic cut shares of Costco Wholesale from a “buy” rating to a “neutral” rating and upped their price target for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target of $883.04.

Get Our Latest Analysis on COST

Institutional Investors Weigh In On Costco Wholesale

A number of institutional investors and hedge funds have recently bought and sold shares of COST. Frank Rimerman Advisors LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at about $26,000. Redmont Wealth Advisors LLC bought a new stake in Costco Wholesale in the 1st quarter worth about $32,000. Financial Connections Group Inc. increased its stake in Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after buying an additional 39 shares during the last quarter. Vima LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $34,000. Finally, Bank & Trust Co purchased a new position in shares of Costco Wholesale in the 2nd quarter worth approximately $48,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Company Profile

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