In the latest trading session, 0.74 million Costco Wholesale Corp (NASDAQ:COST) shares changed hands as the company’s beta touched 0.80. With the company’s most recent per share price at $900.48 changing hands around $6.99 or 0.78% at last look, the market valuation stands at $398.98B. COST’s current price is a discount, trading about -2.59% off its 52-week high of $923.83. The share price had its 52-week low at $528.22, which suggests the last value was 41.34% up since then. When we look at Costco Wholesale Corp’s average trading volume, we note the 10-day average is 1.51 million shares, with the 3-month average coming to 1.82 million.
Analysts gave the Costco Wholesale Corp (COST) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.97. If we narrow down to specifics, the data shows that 0 out of 23 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended COST as a Hold, 17 felt it is a Buy and 0 rated the stock as Underweight. Costco Wholesale Corp’s EPS for the current quarter is expected to be 3.78.
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Costco Wholesale Corp (NASDAQ:COST) trade information
Instantly COST is in green as seen in intraday trades today. With action 1.48%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 36.42%, with the 5-day performance at 1.48% in the green. However, in the 30-day time frame, Costco Wholesale Corp (NASDAQ:COST) is -0.12% down. Looking at the short shares, we see there were 6.82 million shares sold at short interest cover period of 3.37 days.
The consensus price target for the stock as assigned by Wall Street analysts is 850, meaning bulls need a downside of -5.94% from its recent market value. According to analyst projections, COST’s forecast low is 509 with 1065 as the target high. To hit the forecast high, the stock’s price needs a -18.27% plunge from its current level, while the stock would need to tank 43.47% for it to hit the projected low.
Costco Wholesale Corp (COST) estimates and forecasts
Data shows that the Costco Wholesale Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 24.39% over the past 6 months, a 10.18% in annual growth rate that is considerably higher than the industry average of 6.00%. Year-over-year growth is forecast to reach 7.30% up from the last financial year.
Consensus estimates given by 24 financial analysts project the company’s revenue in the current quarter to hit an average of 62.26B. 24 analysts are of the opinion that Costco Wholesale Corp’s revenue for the current quarter will be 62.6B.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.93%. The 2024 estimates are for Costco Wholesale Corp earnings to increase by 7.67%, but the outlook for the next 5-year period is at 9.31% per year.
COST Dividends
Costco Wholesale Corp is expected to release its next quarterly earnings report on 2024-Dec-12. The 0.48% annual yield figure for the share gives it an annual dividend of 4.34. It is important to note, however, that the 0.48% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 0.7 per year.
Costco Wholesale Corp (NASDAQ:COST)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.19% of Costco Wholesale Corp shares while 71.77% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 71.90%. There are 71.77% institutions holding the Costco Wholesale Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.3206% of the shares, roughly 41.37 million COST shares worth $35.17 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.4763% or 33.19 million shares worth $28.21 billion as of 2024-06-30.
