Costco Wholesale Co. (COST) VP Sells $966,000.00 in Stock

Costco Wholesale Co. (NASDAQ:COST) VP Timothy L. Rose sold 5,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $193.20, for a total transaction of $966,000.00. Following the completion of the sale, the vice president now owns 52,529 shares in the company, valued at $10,148,602.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Costco Wholesale Co. (NASDAQ:COST) traded up $2.46 during midday trading on Friday, reaching $191.84. 3,499,538 shares of the company’s stock traded hands, compared to its average volume of 3,230,000. Costco Wholesale Co. has a 1-year low of $150.00 and a 1-year high of $195.35. The stock has a market capitalization of $84,250.00, a P/E ratio of 30.50, a PEG ratio of 3.12 and a beta of 0.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The firm had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. During the same period in the prior year, the firm posted $1.24 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. equities research analysts expect that Costco Wholesale Co. will post 6.59 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Dai Ichi Life Insurance Company Ltd raised its stake in Costco Wholesale by 107.8% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 67,456 shares of the retailer’s stock valued at $11,312,000 after purchasing an additional 35,000 shares in the last quarter. Arizona State Retirement System raised its stake in Costco Wholesale by 0.4% in the first quarter. Arizona State Retirement System now owns 120,095 shares of the retailer’s stock valued at $20,139,000 after purchasing an additional 500 shares in the last quarter. Blair William & Co. IL raised its stake in Costco Wholesale by 4.6% in the first quarter. Blair William & Co. IL now owns 613,112 shares of the retailer’s stock valued at $104,119,000 after purchasing an additional 26,929 shares in the last quarter. Accredited Investors Inc. raised its stake in Costco Wholesale by 0.8% in the first quarter. Accredited Investors Inc. now owns 2,150 shares of the retailer’s stock valued at $361,000 after purchasing an additional 17 shares in the last quarter. Finally, Miracle Mile Advisors LLC purchased a new stake in Costco Wholesale in the first quarter valued at approximately $202,000. 70.91% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 target price on shares of Costco Wholesale in a research report on Friday. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price objective for the company in a research report on Friday. Vetr cut shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating and set a $183.04 target price for the company. in a research note on Wednesday, September 27th. Oppenheimer reiterated a “buy” rating on shares of Costco Wholesale in a research note on Thursday, November 30th. Finally, Susquehanna Bancshares lifted their price objective on shares of Costco Wholesale from $205.00 to $215.00 and gave the stock a “positive” rating in a research note on Friday, December 15th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $188.90.

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About Costco Wholesale

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.

Insider Buying and Selling by Quarter for Costco Wholesale (NASDAQ:COST)

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