The Vanguard Group, Inc. has recently announced that it has increased stake in Costco Wholesale Corp (NASDAQ:COST) by 0.20%. After grabbing 38.01 million shares, the institutional investor is now in possession of 77589.0 shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 8.59% having worth around $22.53 billion. Moreover, BlackRock Fund Advisors increased its share by 14672.0 to have a control over 20.17 million shares. And Geode Capital Management LLC raised its holdings to 0.16 million shares by acquiring 8.59 million shares or 1.94% of the stake.
Costco Wholesale Corp (COST) concluded trading on December 20, 2023 at a closing price of $661.00, with 3.61 million shares of worth about $2.38 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.10% during that period and On Wednesday the price saw a loss of about -2.47%. Currently the company’s common shares owned by public are about 442.79M shares, out of which, 441.69M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 93 times over the past 12 months. They bought 156,758 shares in 23 of the transactions. In 70 selling transactions, insiders dumped 106,863 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Invesco QQQ Trust are the top 3 mutual funds which are holding stakes in Costco Wholesale Corp Vanguard Total Stock Market ETF is currently holding 13.87 million shares of worth totaling $8.22 billion. The company recently came buying 63354.0 shares which brought its stake up to 3.13% of the company’s outstanding shares. Vanguard 500 Index Fund bought 50292.0 shares, after which its hold over company’s outstanding shares expand to 2.42%, leaving 10.7 million shares with the mutual fund that have a worth of about $6.34 billion. Invesco QQQ Trust, after selling 7.72 million shares, have now control over 1.74% of the stake in the company. It holds 26182.0 shares of worth $4.57 billion.
However, the stock later moved at a day high price of 674.34, or with a loss of -2.47%. Stock saw a price change of 2.96% in past 5 days and over the past one month there was a price change of 13.81%. Year-to-date (YTD), COST shares are showing a performance of 44.80% which increased to 44.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $447.90 but also hit the highest price of $681.91 during that period. The average intraday trading volume for Costco Wholesale Corp shares is 2.05 million. The stock is currently trading 7.41% above its 20-day simple moving average (SMA20), while that difference is up 12.86% for SMA50 and it goes to 22.33% higher than SMA200.
The Vanguard Group, Inc. acquired 38.01 million shares of Costco Wholesale Corp having value of about $22.53 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 77589.0 shares in the company valued at close to $51286329.0, or have control over 0.20% stake in the company. Costco Wholesale Corp (NASDAQ: COST) currently have 442.79M outstanding shares and institutions hold larger chunk of about 68.52% of that. Holding of mutual funds in the company is about 33.47% while other institutional holders and individual stake holders have control over 35.53% and 0.84% of the stake respectively.
The stock has a current market capitalization of $293.37B and its 3Y-monthly beta is at 0.76. PE ratio of stock for trailing 12 months is 45.06, while it has posted earnings per share of $14.67 in the same period. Its PEG reads 5.55 and has Quick Ratio of 0.60 while making debt-to-equity ratio of 0.36. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for COST, volatility over the week remained 2.42% while standing at 1.48% over the month.
Analysts are in expectations that Costco Wholesale Corp (COST) stock would likely to be making an EPS of $3.57 in the current quarter, while forecast for next quarter EPS is $3.61 and it is $17.04 for next year. For the current quarter EPS, analysts have given the company a lowest target $3.25 which is $3.77 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $3.3 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 10.07% while it is estimated to increase by 8.75% in next year. EPS is likely to shrink at an annualized rate of 8.12% for next 5-years, compared to annual growth of 14.83% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Northcoast on Dec-21-23 offering a Neutral rating for the stock and assigned a target price of $620 to it.
