Investors Sell Shares of Costco Wholesale (COST) on Strength (COST)
Traders sold shares of Costco Wholesale Co. (NASDAQ:COST) on strength during trading on Thursday. $111.00 million flowed into the stock on the tick-up and $142.89 million flowed out of the stock on the tick-down, for a money net flow of $31.89 million out of the stock. Of all stocks tracked, Costco Wholesale had the 0th highest net out-flow for the day. Costco Wholesale traded up $0.09 for the day and closed at $228.58
COST has been the subject of a number of research analyst reports. Wells Fargo & Co boosted their target price on Costco Wholesale from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, July 12th. Gordon Haskett downgraded Costco Wholesale from a “buy” rating to an “accumulate” rating in a research note on Wednesday, July 25th. Loop Capital set a $265.00 price target on Costco Wholesale and gave the company a “buy” rating in a research note on Wednesday, October 10th. Northcoast Research downgraded Costco Wholesale from a “buy” rating to a “neutral” rating in a research note on Friday, July 6th. Finally, Stifel Nicolaus lifted their price target on Costco Wholesale from $220.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $237.94.
The company has a market cap of $100.24 billion, a PE ratio of 33.63, a PEG ratio of 2.92 and a beta of 0.95. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.46.
In other news, VP James P. Murphy sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $219.22, for a total value of $3,288,300.00. Following the transaction, the vice president now owns 33,834 shares in the company, valued at approximately $7,417,089.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $218.65, for a total value of $655,950.00. The disclosure for this sale can be found here. Insiders sold a total of 30,600 shares of company stock worth $6,841,908 in the last 90 days. Company insiders own 0.74% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Nikulski Financial Inc. boosted its stake in shares of Costco Wholesale by 6.6% in the 2nd quarter. Nikulski Financial Inc. now owns 8,980 shares of the retailer’s stock worth $1,877,000 after buying an additional 555 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Costco Wholesale by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,800,072 shares of the retailer’s stock valued at $376,180,000 after purchasing an additional 23,227 shares during the last quarter. British Airways Pensions Investment Management Ltd lifted its stake in Costco Wholesale by 0.8% in the second quarter. British Airways Pensions Investment Management Ltd now owns 104,814 shares of the retailer’s stock valued at $21,904,000 after purchasing an additional 853 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Costco Wholesale by 12.8% in the second quarter. Park Avenue Securities LLC now owns 3,158 shares of the retailer’s stock valued at $657,000 after purchasing an additional 359 shares during the last quarter. Finally, Exencial Wealth Advisors LLC purchased a new position in Costco Wholesale in the second quarter valued at approximately $204,000. Hedge funds and other institutional investors own 71.57% of the company’s stock.
About Costco Wholesale (NASDAQ:COST)
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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