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Costco Wholesale

 

Buy Costco Wholesale stocks and shares

COSTCO WHOLESALE (COST) Stocks

ABOUT COSTCO WHOLESALE

Costco Wholesale Corporation is an international chain of membership warehouses. It sells brand name merchandise at much lower prices that normally found at conventional retail and wholesale outlets. The Kirkland Signature brand is Costco’s private label brand. The purpose of these warehouses is to assist small-to-medium sized businesses in reducing costs when purchasing goods for resale. It is also open to members of the public.

Costco’s warehouses have one of the largest and most exclusive product category selections found under one roof. Appliances, hardware, tires, groceries, television and media, sporting goods, automotive supplies, tobacco, office supplies and equipment, toys and housewares are just some of the categories Costco offers.

Self-service gasoline stations are also operated at some of its locations in the U.S., Australia, Canada, United Kingdom, Japan, Mexico, Spain, Iceland and Taiwan. Costco Wholesale Industries, a division of the Company, operates manufacturing businesses such as meat processing, special food packaging, optical laboratories and jewelry distribution.

Costco offers three types of memberships and is only open to members. These are Executive, Business and Gold Star. Executive Members get savings on Costco Services like check printing, payment processing, auto and home insurance as well as the Costco Auto program. In the U.S. Executive Members also earn an annual 2% Reward on some Costco purchases. One free Household Card is included in all the types of memberships. Membership cards are accepted at company locations across the globe as well as online at Costco.com.

Business Members have to operate or own a business plus pay a US Dollar 60 annual fee to shop for resale, personal use and business. Gold Star Members are open to the public and such a member pays a US Dollar 60 annual fee. Costco’s 773 warehouses across the globe are generally open seven days a week. In 2019 it has 243 000 full and part-time employees worldwide. Costco’s history dates back to 1983 when it was founded in Seattle, Washington. Today it is headquartered in Issaquah, Washington.

The company’s subsidiaries include Costco Travel, Costco Canada Inc., NW Re Ltd. and Costco Wholesale Korea.

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Experts Rating

4.6

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OVERVIEW OF COSTCO WHOLESALE

  • In 1976 Sol & Robert Price raise US Dollar 2.5 million from family and friends to open Price Club – the first business shoppers only, warehouse club. Price Club suffers a US Dollar 750 000 loss during its first year but by 1979 it has two locations, 200 000 members, 900 employees and a US Dollar 1 million profit. The first Costco warehouse opens in 1983 and a year later Price Club sales exceed US Dollar 1 billion. The Price Company stock splits 2-for-1 and in 1985 Costco offers public stock.
  • The Price Club is 10 years old in 1986 and Forbes Magazine names it “Best Managed Company”. Costco is three years old and has 1.3 million members, 2 740 employees and is based in 17 locations. Through the years Costco Wholesale opens pharmacies, fresh meat departments and produce and bakery departments amongst others.
  • In 1993 Price Company and Costco merge and form PriceCostco. In 1997 the company’s name is changed from PriceCostco to Costco Companies, Inc. In 2000 the company changes its name to Costco Wholesale Corporation.
  • In 2005 Fortune Magazine lists Costco 29th on the Fortune 500. Fortune Magazine names Costco one of the “most admired” companies in 2006 and is named so again in 2007. In 2008 Costco is again listed 29th on the Fortune 500. Indeed ranks Costco as one of the top five best workplaces among the Fortune 500 in 2018.

VALUES OF COSTCO WHOLESALE

  • Costco Wholesale Corporation’s Code of Ethics is to obey the law, take care of its members and employees, to respect its suppliers and reward its shareholders. The company’s mission is to continually provide its members with quality goods and services at the lowest prices possible.
  • Costco believes for it to thrive the world needs to thrive. The company’s focus is on real, results-driven positive impact and it supports communities where its employees and members live and work. Costco believes in operating efficiently and in an environmentally responsible manner.

MARKET PERFORMANCE OF COSTCO WHOLESALE

  • Costco Wholesale Corporation trades on the New York Stock Exchange under the NYSE Stock Symbol “COST”.
  • The company’s annual revenues for the FY18 – ended 09/02/208 is US Dollar 138.4 billion.

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LATEST NEWS COSTCO WHOLESALE

Buy COSTCO WHOLESALE stocks / shares – A Step by Step Guide how to Buy / Purchase COSTCO WHOLESALE Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy COSTCO WHOLESALE Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN COSTCO WHOLESALE STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE COSTCO WHOLESALE STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of COSTCO WHOLESALE stocks / shares.

Experts Rating

4.6

User Score

XM.COM- #1 NASDAQ Trading Platform

67% of retail investor accounts lose money when trading CFD’s

 

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy COSTCO WHOLESALE stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

Read more about : CITIGROUP STOCKS

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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