Costco Wholesale Corp. (NASDAQ:COST) Director James D. Sinegal sold 20,114 shares of the business’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $149.02, for a total value of $2,997,388.28. Following the completion of the sale, the director now directly owns 768,136 shares of the company’s stock, valued at approximately $114,467,626.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Costco Wholesale Corp. (NASDAQ:COST) opened at 151.01 on Wednesday. The firm’s 50 day moving average is $154.50 and its 200 day moving average is $156.18. Costco Wholesale Corp. has a 12 month low of $138.57 and a 12 month high of $169.73. The company has a market cap of $66.07 billion, a PE ratio of 28.33 and a beta of 0.71.

Costco Wholesale Corp. (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 29th. The retailer reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.04. The business had revenue of $35.73 billion for the quarter. Costco Wholesale Corp. had a net margin of 1.98% and a return on equity of 20.26%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $1.73 earnings per share. On average, equities analysts predict that Costco Wholesale Corp. will post $5.95 earnings per share for the current year.

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

A number of analysts have weighed in on the company. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $175.00 price target on shares of Costco Wholesale Corp. in a research report on Saturday, July 9th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Costco Wholesale Corp. in a research note on Saturday, July 9th. Deutsche Bank AG reiterated a “buy” rating on shares of Costco Wholesale Corp. in a research note on Sunday, July 10th. Nomura set a $185.00 price objective on Costco Wholesale Corp. and gave the stock a “buy” rating in a research note on Saturday, October 1st. Finally, Cowen and Company set a $170.00 price objective on Costco Wholesale Corp. and gave the stock a “buy” rating in a research note on Sunday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $172.74.

A number of hedge funds and other institutional investors have recently made changes to their positions in COST. Buckingham Capital Management Inc. boosted its position in shares of Costco Wholesale Corp. by 0.4% in the second quarter. Buckingham Capital Management Inc. now owns 2,337 shares of the retailer’s stock worth $367,000 after buying an additional 10 shares during the period. CHICAGO TRUST Co NA boosted its position in shares of Costco Wholesale Corp. by 0.6% in the second quarter. CHICAGO TRUST Co NA now owns 2,614 shares of the retailer’s stock worth $410,000 after buying an additional 15 shares during the period. Financial Architects Inc boosted its position in shares of Costco Wholesale Corp. by 0.7% in the second quarter. Financial Architects Inc now owns 2,208 shares of the retailer’s stock worth $347,000 after buying an additional 15 shares during the period. Buckingham Asset Management LLC boosted its position in shares of Costco Wholesale Corp. by 0.9% in the second quarter. Buckingham Asset Management LLC now owns 2,240 shares of the retailer’s stock worth $352,000 after buying an additional 19 shares during the period. Finally, SSI Investment Management Inc. boosted its position in shares of Costco Wholesale Corp. by 1.1% in the second quarter. SSI Investment Management Inc. now owns 1,677 shares of the retailer’s stock worth $264,000 after buying an additional 19 shares during the period. 73.11% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Corp. Company Profile

Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet.

5 Day Chart for NASDAQ:COST

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