Costco Wholesale Corp (NASDAQ: COST) is 37.42% higher on its value in year-to-date trading and has touched a low of $559.52 and a high of $962.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The COST stock was last observed hovering at around $923.89 in the last trading session, with the day’s loss setting it -16.82%.
Currently trading at $907.07, the stock is 0.59% and 1.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.27 million and changing -1.82% at the moment leaves the stock 10.77% off its SMA200. COST registered 55.45% gain for a year compared to 6-month gain of 13.98%. The firm has a 50-day simple moving average (SMA 50) of $897.6208 and a 200-day simple moving average (SMA200) of $818.8615.
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The stock witnessed a 2.46% loss in the last 1 month and extending the period to 3 months gives it a 3.98%, and is -3.89% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.53% over the week and 1.55% over the month.
Costco Wholesale Corp (COST) has around 333000 employees, a market worth around $394.58B and $254.45B in sales. Current P/E ratio is 54.76 and Fwd P/E is 46.13. Profit margin for the company is 2.90%. Distance from 52-week low is 62.12% and -5.71% from its 52-week high. The company has generated returns on investments over the last 12 months (22.23%).
with sales reaching $62.3B over the same period.The EPS is expected to grow by 7.68% this year, but quarterly earnings will post 7.55% year-over-year. Quarterly sales are estimated to grow 7.79% in year-over-year returns.
Costco Wholesale Corp (COST) Top Institutional Holders
4339.0 institutions hold shares in Costco Wholesale Corp (COST), with institutional investors hold 71.45% of the company’s shares. The shares outstanding are 443.13M, and float is at 442.02M with Short Float at 1.36%. Institutions hold 71.31% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 41.37 million shares valued at $35.17 billion. The investor’s holdings represent 9.3206% of the COST Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 33.19 million shares valued at $28.21 billion to account for 7.4763 of the shares outstanding. The other top investors are STATE STREET CORP which holds 18.63 million shares representing 4.1965% and valued at over $15.83 billion, while MORGAN STANLEY holds 2.1267 of the shares totaling 9.44 million with a market value of $8.02 billion.
Costco Wholesale Corp (COST) Insider Activity
The most recent transaction is an insider sale by GALANTI RICHARD A, the company’s Executive Vice President. SEC filings show that GALANTI RICHARD A sold 1,416 shares of the company’s common stock on Oct 24 ’24 at a price of $894.68 per share for a total of $1.27 million. Following the sale, the insider now owns 27400.0 shares.
Costco Wholesale Corp disclosed in a document filed with the SEC on Oct 23 ’24 that Jones Teresa A. (Executive Vice President) sold a total of 800 shares of the company’s common stock. The trade occurred on Oct 23 ’24 and was made at $896.54 per share for $0.72 million. Following the transaction, the insider now directly holds 2961.0 shares of the COST stock.
Still, SEC filings show that on Oct 24 ’24, GALANTI RICHARD A (Officer) Proposed Sale 1,417 shares at an average price of $894.34 for $1.27 million. The insider now directly holds shares of Costco Wholesale Corp (COST).
