Costco Wholesale Corp. (NASDAQ:COST) VP Richard A. Galanti sold 3,111 shares of Costco Wholesale Corp. stock in a transaction on Friday, November 11th. The stock was sold at an average price of $148.89, for a total transaction of $463,196.79. Following the completion of the sale, the vice president now owns 33,539 shares of the company’s stock, valued at approximately $4,993,621.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Costco Wholesale Corp. (NASDAQ:COST) opened at 151.15 on Wednesday. Costco Wholesale Corp. has a 52 week low of $138.57 and a 52 week high of $169.73. The company has a market cap of $66.07 billion, a PE ratio of 28.36 and a beta of 0.85. The company has a 50 day moving average price of $149.08 and a 200 day moving average price of $155.37.

Costco Wholesale Corp. (NASDAQ:COST) last released its earnings results on Thursday, September 29th. The retailer reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.04. Costco Wholesale Corp. had a return on equity of 20.26% and a net margin of 1.98%. The firm had revenue of $35.73 billion for the quarter. During the same period in the previous year, the company posted $1.73 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities analysts expect that Costco Wholesale Corp. will post $5.93 earnings per share for the current year.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 18th. Stockholders of record on Friday, November 4th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Wednesday, November 2nd. Costco Wholesale Corp.’s dividend payout ratio is currently 33.71%.

A number of equities analysts have commented on the stock. Nomura set a $185.00 price objective on shares of Costco Wholesale Corp. and gave the stock a “buy” rating in a report on Saturday, October 1st. Cowen and Company set a $170.00 price objective on shares of Costco Wholesale Corp. and gave the stock a “buy” rating in a report on Sunday, October 2nd. BMO Capital Markets set a $180.00 price objective on shares of Costco Wholesale Corp. and gave the stock a “buy” rating in a report on Thursday, October 20th. Citigroup Inc. lifted their price objective on shares of Costco Wholesale Corp. from $155.00 to $172.00 and gave the stock a “neutral” rating in a report on Tuesday, August 16th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $135.00 price objective on shares of Costco Wholesale Corp. in a report on Friday, September 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Costco Wholesale Corp. currently has a consensus rating of “Buy” and an average price target of $172.11.

Several large investors have recently added to or reduced their stakes in COST. Evercore Wealth Management LLC raised its stake in Costco Wholesale Corp. by 0.6% in the second quarter. Evercore Wealth Management LLC now owns 149,738 shares of the retailer’s stock worth $23,515,000 after buying an additional 826 shares in the last quarter. Badgley Phelps & Bell Inc. raised its stake in Costco Wholesale Corp. by 1.4% in the second quarter. Badgley Phelps & Bell Inc. now owns 88,509 shares of the retailer’s stock worth $13,900,000 after buying an additional 1,197 shares in the last quarter. Buckingham Asset Management LLC raised its stake in 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 in the last quarter. UMB Bank N A MO raised its stake in Costco Wholesale Corp. by 4.5% in the second quarter. UMB Bank N A MO now owns 167,058 shares of the retailer’s stock worth $26,235,000 after buying an additional 7,234 shares in the last quarter. Finally, Comgest Global Investors S.A.S. raised its stake in Costco Wholesale Corp. by 231.7% in the second quarter. Comgest Global Investors S.A.S. now owns 72,983 shares of the retailer’s stock worth $11,462,000 after buying an additional 50,983 shares in the last quarter. 72.02% of the stock is currently owned by institutional investors.

About Costco Wholesale Corp.

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.

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