Costco Wholesale Corporation (NASDAQ:COST) VP Paul G. Moulton sold 4,381 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $168.16, for a total value of $736,708.96. Following the completion of the transaction, the vice president now owns 52,858 shares of the company’s stock, valued at $8,888,601.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Costco Wholesale Corporation (NASDAQ:COST) traded up $2.25 during midday trading on Friday, reaching $171.36. The company’s stock had a trading volume of 2,671,500 shares, compared to its average volume of 3,103,732. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. The company has a market cap of $74,630.00, a price-to-earnings ratio of 29.05, a P/E/G ratio of 2.70 and a beta of 0.93. Costco Wholesale Corporation has a 52-week low of $145.38 and a 52-week high of $183.18.
Costco Wholesale Corporation (NASDAQ:COST) last issued its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. The firm had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the company posted $1.77 EPS. analysts predict that Costco Wholesale Corporation will post 6.45 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Thursday, November 16th. Costco Wholesale Corporation’s payout ratio is currently 32.89%.
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A number of research firms have issued reports on COST. Deutsche Bank AG set a $172.00 price target on Costco Wholesale Corporation and gave the company a “hold” rating in a research report on Monday, July 31st. Robert W. Baird reissued a “buy” rating and set a $200.00 price target on shares of Costco Wholesale Corporation in a research report on Thursday, August 31st. Stifel Nicolaus reissued a “buy” rating and set a $173.00 price target on shares of Costco Wholesale Corporation in a research report on Monday, October 9th. Vetr downgraded Costco Wholesale Corporation from a “buy” rating to a “hold” rating and set a $171.07 price target for the company. in a research report on Monday. Finally, Zacks Investment Research raised Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a research report on Tuesday, September 19th. Twelve analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $178.34.
A number of hedge funds and other institutional investors have recently modified their holdings of COST. Delta Asset Management LLC TN boosted its stake in shares of Costco Wholesale Corporation by 11.6% during the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after acquiring an additional 65 shares in the last quarter. Almanack Investment Partners LLC. bought a new stake in shares of Costco Wholesale Corporation during the 2nd quarter worth $101,000. Jacobus Wealth Management Inc. bought a new stake in shares of Costco Wholesale Corporation during the 3rd quarter worth $103,000. Northwest Investment Counselors LLC bought a new stake in shares of Costco Wholesale Corporation during the 2nd quarter worth $107,000. Finally, Shamrock Asset Management LLC boosted its stake in shares of Costco Wholesale Corporation by 171.3% during the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after acquiring an additional 418 shares in the last quarter. 72.57% of the stock is owned by hedge funds and other institutional investors.
About Costco Wholesale Corporation
Costco Wholesale Corporation is engaged 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.
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