Costco Wholesale Co. (NASDAQ:COST) VP Timothy L. Rose sold 12,000 shares of Costco Wholesale stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $184.46, for a total value of $2,213,520.00. Following the completion of the sale, the vice president now owns 22,903 shares of the company’s stock, valued at $4,224,687.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
COST stock traded down $1.80 on Friday, hitting $180.84. 2,253,639 shares of the stock traded hands, compared to its average volume of 2,651,994. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $199.88. The company has a current ratio of 1.00, a quick ratio of 0.44 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $80,146.13, a P/E ratio of 26.95, a P/E/G ratio of 2.76 and a beta of 0.97.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Wednesday, March 7th. The retailer reported $1.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.03). Costco Wholesale had a net margin of 2.18% and a return on equity of 24.74%. The company had revenue of $33 billion for the quarter, compared to analyst estimates of $32.73 billion. During the same quarter last year, the company earned $1.17 EPS. The business’s revenue was up 10.8% compared to the same quarter last year. research analysts expect that Costco Wholesale Co. will post 6.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.11%. Costco Wholesale’s dividend payout ratio (DPR) is currently 29.81%.
Several analysts recently weighed in on COST shares. Oppenheimer lifted their price objective on Costco Wholesale from $180.00 to $210.00 and gave the company an “outperform” rating in a report on Monday, January 8th. BMO Capital Markets upgraded Costco Wholesale from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $192.73 to $215.00 in a report on Monday, December 18th. JPMorgan Chase & Co. restated a “buy” rating and issued a $200.00 price objective on shares of Costco Wholesale in a report on Monday, December 4th. Morgan Stanley set a $175.00 price objective on Costco Wholesale and gave the company a “hold” rating in a report on Friday, December 15th. Finally, Argus lifted their price objective on Costco Wholesale to $200.00 and gave the company a “buy” rating in a report on Monday, February 12th. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Costco Wholesale presently has an average rating of “Buy” and an average target price of $190.76.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC purchased a new stake in Costco Wholesale in the third quarter valued at approximately $102,000. Jacobus Wealth Management Inc. purchased a new stake in Costco Wholesale in the third quarter valued at approximately $103,000. Assetmark Inc. boosted its position in Costco Wholesale by 137.0% in the fourth quarter. Assetmark Inc. now owns 564 shares of the retailer’s stock valued at $105,000 after buying an additional 326 shares during the last quarter. Shamrock Asset Management LLC boosted its position in Costco Wholesale by 171.3% in the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after buying an additional 418 shares during the last quarter. Finally, Zions Bancorporation boosted its position in Costco Wholesale by 148.4% in the third quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock valued at $113,000 after buying an additional 411 shares during the last quarter. Hedge funds and other institutional investors own 72.78% of the company’s stock.
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.
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