Costco Wholesale Corp. (COST) Sees Strong Trading Volume
Costco Wholesale Corp. (NASDAQ:COST) saw strong trading volume on Friday . 1,733,234 shares were traded during trading, a decline of 0% from the previous session’s volume of 1,741,418 shares.The stock last traded at $157.82 and had previously closed at $156.21.
Several equities analysts have recently commented on the company. Jefferies Group reiterated a “hold” rating and set a $135.00 target price (down from $142.00) on shares of Costco Wholesale Corp. in a research note on Sunday, May 8th. Bank of America Corp. reissued a “buy” rating on shares of Costco Wholesale Corp. in a research report on Saturday, June 4th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Costco Wholesale Corp. in a research report on Saturday, July 9th. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $175.00 price target on shares of Costco Wholesale Corp. in a research report on Saturday, July 9th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Costco Wholesale Corp. in a research report on Sunday, July 10th. Seven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $173.25.
The firm has a market capitalization of $69.21 billion and a PE ratio of 29.86. The company has a 50 day moving average price of $166.62 and a 200 day moving average price of $156.13.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, August 10th. This represents a $1.80 annualized dividend and a dividend yield of 1.14%.
In other news, VP Douglas W. Schutt sold 14,656 shares of the company’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $166.76, for a total transaction of $2,444,034.56. Following the completion of the transaction, the vice president now directly owns 40,184 shares of the company’s stock, valued at $6,701,083.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard A. Galanti sold 2,400 shares of the company’s 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 transaction, the chief financial officer now directly owns 30,536 shares of the company’s stock, valued at $5,101,954.88. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in Costco Wholesale Corp. stock. Venturi Wealth Management LLC acquired a new stake in Costco Wholesale Corp. (NASDAQ:COST) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,508 shares of the retailer’s stock, valued at approximately $4,120,000. Costco Wholesale Corp. makes up about 1.9% of Venturi Wealth Management LLC’s holdings, making the stock its 15th largest position.
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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