Traders purchased shares of Costco Wholesale Corp. (NASDAQ:COST) on weakness during trading hours 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 analyst reports. Barclays PLC initiated coverage on Costco Wholesale Corp. in a research report on Thursday, March 31st. They set 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 objective for the company in a research report on Monday, April 25th. Deutsche Bank AG reaffirmed a “buy” rating and set a $198.00 price objective on shares of Costco Wholesale Corp. in a research report on Sunday, April 10th. Zacks Investment Research lowered Costco Wholesale Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, March 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 price objective (down previously from $170.00) on shares of Costco Wholesale Corp. in a research report on Monday, May 9th. Eight research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $172.34.

The stock has a 50 day moving average of $156.96 and a 200 day moving average of $152.57. The stock has a market cap of $72.90 billion and a PE ratio of 31.45.

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

In other Costco Wholesale Corp. news, CFO Richard A. Galanti sold 2,400 shares of the company’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $167.08, for a total value of $400,992.00. Following the sale, the chief financial officer now directly owns 30,536 shares of the company’s stock, valued at $5,101,954.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jill S. Ruckelshaus sold 6,180 shares of the company’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $166.03, for a total transaction of $1,026,065.40. Following the completion of the sale, the director now directly owns 26,008 shares in the company, valued at $4,318,108.24. The disclosure for this sale can be found here.

A number of large investors have bought and sold shares of the stock. Vanguard Group Inc. raised its stake in 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. Bank of Montreal Can raised its stake in Costco Wholesale Corp. by 20.8% in the fourth quarter. Bank of Montreal Can now owns 782,856 shares of the retailer’s stock valued at $126,431,000 after buying an additional 134,973 shares during the last quarter. First Trust Advisors LP raised its stake in Costco Wholesale Corp. by 100.9% in the fourth quarter. First Trust Advisors LP now owns 254,235 shares of the retailer’s stock valued at $41,059,000 after buying an additional 127,675 shares during the last quarter. Schroder Investment Management Group raised its stake in Costco Wholesale Corp. by 43.7% in the fourth quarter. Schroder Investment Management Group now owns 332,583 shares of the retailer’s stock valued at $53,712,000 after buying an additional 101,099 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Costco Wholesale Corp. by 41.8% in the fourth quarter. Sei Investments Co. now owns 314,968 shares of the retailer’s stock valued at $50,867,000 after buying an additional 92,774 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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