Costco Wholesale Co. (NASDAQ:COST) EVP Russell D. Miller Sells 4,400 Shares

Costco Wholesale Co. (NASDAQ:COST) EVP Russell D. Miller sold 4,400 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the sale, the executive vice president now directly owns 10,202 shares of the company’s stock, valued at approximately $9,091,512.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Costco Wholesale Trading Up 0.5 %

COST stock traded up $4.85 during midday trading on Tuesday, hitting $894.61. The company had a trading volume of 1,422,477 shares, compared to its average volume of 1,951,158. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83. The stock’s 50 day moving average price is $884.56 and its 200 day moving average price is $829.12. The stock has a market cap of $396.61 billion, a price-to-earnings ratio of 55.54, a PEG ratio of 5.53 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. The company had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.86 earnings per share. As a group, equities research analysts expect that Costco Wholesale Co. will post 17.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Costco Wholesale

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wulff Hansen & CO. grew its stake in Costco Wholesale by 99,208.6% in the second quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock worth $1,253,508,000 after purchasing an additional 1,473,248 shares during the period. Global Assets Advisory LLC purchased a new stake in Costco Wholesale in the first quarter worth $510,353,000. Assenagon Asset Management S.A. grew its stake in Costco Wholesale by 287.3% in the second quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer’s stock worth $710,802,000 after purchasing an additional 620,341 shares during the period. Strategic Financial Concepts LLC grew its stake in Costco Wholesale by 51,747.5% in the second quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock worth $5,266,000 after purchasing an additional 618,383 shares during the period. Finally, Vanguard Group Inc. grew its stake in Costco Wholesale by 1.2% in the first quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock worth $29,916,118,000 after purchasing an additional 473,702 shares during the period. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Truist Financial downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective for the company. in a research report on Tuesday, September 24th. Tigress Financial lifted their price target on shares of Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Wells Fargo & Company lifted their price target on shares of Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Evercore ISI lifted their price target on shares of Costco Wholesale from $985.00 to $990.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Finally, Redburn Atlantic downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their price target for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $886.74.

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.