Traders Sell Costco Wholesale Corporation (COST) on Strength (COST)

Traders sold shares of Costco Wholesale Corporation (NASDAQ:COST) on strength during trading on Friday. $139.43 million flowed into the stock on the tick-up and $168.88 million flowed out of the stock on the tick-down, for a money net flow of $29.45 million out of the stock. Of all equities tracked, Costco Wholesale Corporation had the 0th highest net out-flow for the day. Costco Wholesale Corporation traded up $2.31 for the day and closed at $160.77

Several brokerages have recently commented on COST. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Costco Wholesale Corporation in a research note on Friday. TheStreet upgraded Costco Wholesale Corporation from a “c” rating to a “b” rating in a research note on Monday, October 9th. Credit Suisse Group restated an “outperform” rating on shares of Costco Wholesale Corporation in a research note on Tuesday, October 10th. Vetr upgraded Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $183.04 price target on the stock in a research note on Monday, October 9th. Finally, Stifel Nicolaus restated a “buy” rating and set a $173.00 price target on shares of Costco Wholesale Corporation in a research note on Monday, October 9th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $178.50.

The firm’s 50-day moving average is $160.74 and its 200 day moving average is $164.19. The company has a market capitalization of $70.29 billion, a P/E ratio of 26.44 and a beta of 0.94.

Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The company had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. During the same period last year, the firm earned $1.77 EPS. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, equities analysts predict that Costco Wholesale Corporation will post $6.43 EPS for the current year.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $157.59, for a total transaction of $157,590.00. Following the completion of the sale, the director now directly owns 6,974 shares of the company’s stock, valued at approximately $1,099,032.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 3,000 shares of company stock valued at $481,760 over the last ninety days. 0.74% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Delta Asset Management LLC TN lifted its position in Costco Wholesale Corporation by 11.6% during the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after acquiring an additional 65 shares during the period. Almanack Investment Partners LLC. purchased a new position in shares of Costco Wholesale Corporation during the 2nd quarter worth approximately $101,000. Northwest Investment Counselors LLC purchased a new position in shares of Costco Wholesale Corporation during the 2nd quarter worth approximately $107,000. Mercer Capital Advisers Inc. raised its stake in shares of Costco Wholesale Corporation by 3.5% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after buying an additional 23 shares in the last quarter. Finally, Mosaic Family Wealth LLC raised its stake in shares of Costco Wholesale Corporation by 16.7% during the 1st quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after buying an additional 100 shares in the last quarter. 72.49% of the stock is owned by institutional investors.

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Costco Wholesale Corporation Company Profile

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.

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