Shares of the company are trading at $152.14 slightly below $172.28, the 50 day moving average and a bit lower than the 200 day moving average of $169.16. The 50 day moving average was down by -11.68% whereas the 200 day average was down by -10.06%. Trading volume for Costco Wholesale Corporation was 6,106K on Wednesday. Volume was up 187.10% over the stocks average daily volume.
Traders are a little more bullish of late as inferred by the decrease in short interest. The stock saw a fall in short interest from June 15, 2017 to May 31, 2017 of -3.22%. Short interest fell from 8,262,209 to 7,996,466 over that timeframe. The short-interest ratio increased to 4.3 and the short interest percentage is 0.02% as of May 31.
Costco Wholesale Corporation (NASDAQ:COST) has been the object of insider selling activity recently. EVP James P. Murphy sold 5,000 shares at an average price of $181.30 on Wed the 7th. Murphy now owns $8,855,599 of stock per an SEC filing yesterday. EVP John D. Mckay sold 3,000 shares at an average price of $181.60 on June 5th. That brings the EVP’s holdings to $11,369,431 as reported to the SEC.
James D. Sinegal, Director disclosed the sale of 100,000 shares of COST stock. The shares were purchased at an average price of $166.35. The Director now owns $102,707,983 of the stock per the Form 4 SEC filing.
Here are a few additional firms who have increased or decreased their stake in (COST). As of the end of the quarter Pennsylvania Trust Co had acquired 3,577 shares growing its position 9.6%. The value of the investment in (COST) increased from $6,229,000 to $6,513,000 a change of $284,000 quarter over quarter. Gateway Investment Advisers LLC cut its ownership by selling 110 shares a decrease of 0.3% from 03/31/2017 to 06/30/2017. Gateway Investment Advisers LLC claims 31,498 shares valued at $5,037,000. The total value of its holdings decreased 5.0%.
As of quarter end Banced Corp had sold a total of 529 shares trimming its holdings by 17.7%. The value of the company’s investment in Costco Wholesale Corporation went from $501,000 to $393,000 a change of 21.6% since the last quarter. As of the end of the quarter Gw&k Investment Management, LLC had sold 1,378 shares trimming its stake by 1.9%. The value of the investment in COST decreased from $12,230,000 to $11,443,000 decreasing 6.4% for the reporting period.
On July 10 the stock rating was downgraded from “Outperform” to “Market Perform” in a report issued by BMO Capital. On June 26 the company was upgraded to “Outperform” from “” in a statement from Raymond James.
On June 19 the company was downgraded from “Buy” to “Hold” by analysts at Deutsche Bank. On December 5 Deutsche Bank left the stock rating at “Buy” and moved up the price target from $155.00 to $194.00.
On November 9, 2016 the stock rating was set at “Buy” in a report from Edward Jones which is up from the previous “” rating. On October 19 the company was changed to a “Market Perform” by Northcoast Research up from the previous “Neutral” rating.
The company is now up from yesterday’s close of $151.11. Additionally Costco Wholesale Corporation recently announced a dividend for shareholders that was paid on Fri May 26, 2017. The dividend payment was $0.500 per share for the quarter which is $2.00 annualized. This dividend represents a yield of $1.30. The ex-dividend date was set for Wednesday the 10th of May 2017.
The P/E ratio is 26.41 and the market cap is 66.73B. As of the latest earnings report the EPS was $5.76 and is projected to be $5.77 for the current year with 438,593,000 shares currently outstanding. Next quarter’s EPS is expected be $1.30 and the next full year EPS is projected to be $6.40.
Costco Wholesale Corporation, launched on May 12, 1987, is involved 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. The Business’s average warehouse space is approximately 144,000 square feet. The Business’s warehouses on average operate on a seven-day, 70-hour week. The Company offers merchandise in various categories, which include foods (including dry foods, packaged foods and groceries); sundries (including snack foods, candy, alcoholic and nonalcoholic beverages, and cleaning supplies); hardlines (including appliances, electronics, health and beauty aids, hardware, and garden and patio); fresh foods (including meat, produce, deli and bakery); softlines (including apparel and small appliances), and other (including gas stations and pharmacy)..