Investors bought shares of Costco Wholesale Corp. (NASDAQ:COST) on weakness during trading on Friday. $119.91 million flowed into the stock on the tick-up and $59.76 million flowed out of the stock on the tick-down, for a money net flow of $60.15 million into the stock. Of all companies tracked, Costco Wholesale Corp. had the 25th highest net in-flow for the day. Costco Wholesale Corp. traded down ($0.53) for the day and closed at $166.41

COST has been the subject of a number of research analyst reports. Barclays PLC initiated coverage on Costco Wholesale Corp. in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Vetr raised Costco Wholesale Corp. from a “buy” rating to a “strong-buy” rating and set a $170.25 price target for the company in a research note on Monday, April 25th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $198.00 price target on shares of Costco Wholesale Corp. in a research note on Sunday, April 10th. Zacks Investment Research lowered Costco Wholesale Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, March 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $165.00 price target (down previously from $170.00) on shares of Costco Wholesale Corp. in a research note on Monday, May 9th. Eight equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $172.34.

The firm has a market cap of $72.90 billion and a P/E ratio of 31.45. The company has a 50-day moving average price of $156.96 and a 200-day moving average price of $152.57.

Costco Wholesale Corp. (NASDAQ:COST) last released its quarterly earnings results on Wednesday, May 25th. The retailer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.01. During the same period in the previous year, the firm earned $1.11 earnings per share. Equities analysts anticipate that Costco Wholesale Corp. will post $5.31 earnings per share for the current year.

In other Costco Wholesale Corp. news, CFO Richard A. Galanti sold 2,400 shares of the stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $167.08, for a total value of $400,992.00. Following the completion of the sale, the chief financial officer now directly owns 30,536 shares in the company, valued at $5,101,954.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Douglas W. Schutt sold 14,656 shares of the stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $166.76, for a total value of $2,444,034.56. Following the completion of the sale, the vice president now owns 40,184 shares of the company’s stock, valued at $6,701,083.84. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Costco Wholesale Corp. by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 28,355,570 shares of the retailer’s stock valued at $4,579,424,000 after buying an additional 495,574 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Costco Wholesale Corp. by 1.0% in the fourth quarter. Jennison Associates LLC now owns 7,171,308 shares of the retailer’s stock valued at $1,158,166,000 after buying an additional 69,330 shares during the last quarter. Morgan Stanley boosted its position in shares of Costco Wholesale Corp. by 1.8% in the fourth quarter. Morgan Stanley now owns 3,550,562 shares of the retailer’s stock valued at $573,416,000 after buying an additional 62,862 shares during the last quarter. OppenheimerFunds Inc. boosted its position in shares of Costco Wholesale Corp. by 5.1% in the fourth quarter. OppenheimerFunds Inc. now owns 1,819,976 shares of the retailer’s stock valued at $293,974,000 after buying an additional 87,596 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Costco Wholesale Corp. by 1.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,207,691 shares of the retailer’s stock valued at $196,503,000 after buying an additional 18,427 shares during the last quarter.

Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet.

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