Costco Wholesale Corporation Target of Unusually Large Options Trading (COST)
Costco Wholesale Corporation (NASDAQ:COST) was the recipient of some unusual options trading on Thursday. Stock investors purchased 21,435 call options on the stock. This represents an increase of 266% compared to the typical daily volume of 5,855 call options.
In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total value of $159,250.00. Following the sale, the director now directly owns 4,974 shares in the company, valued at $792,109.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 3,000 shares of company stock worth $481,760. Corporate insiders own 0.74% of the company’s stock.
Several hedge funds have recently modified their holdings of COST. Westside Investment Management Inc. grew its position in Costco Wholesale Corporation by 0.3% in the second quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock worth $168,000 after acquiring an additional 3 shares in the last quarter. Brightworth grew its position in Costco Wholesale Corporation by 0.3% in the second quarter. Brightworth now owns 1,334 shares of the retailer’s stock worth $213,000 after acquiring an additional 4 shares in the last quarter. Pioneer Trust Bank N A OR grew its position in Costco Wholesale Corporation by 0.4% in the second quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock worth $266,000 after acquiring an additional 7 shares in the last quarter. SVA Plumb Wealth Management LLC grew its position in Costco Wholesale Corporation by 0.3% in the second quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock worth $404,000 after acquiring an additional 7 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in Costco Wholesale Corporation by 0.5% in the second quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock worth $223,000 after acquiring an additional 7 shares in the last quarter. 72.34% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have issued reports on COST. Deutsche Bank AG set a $172.00 target price on Costco Wholesale Corporation and gave the company a “hold” rating in a research note on Monday, July 31st. UBS AG upgraded Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, June 26th. BMO Capital Markets lowered Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $185.00 to $160.00 in a research note on Monday, July 10th. Robert W. Baird reiterated a “buy” rating and set a $200.00 price objective on shares of Costco Wholesale Corporation in a research note on Thursday, August 31st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $173.00 price objective on shares of Costco Wholesale Corporation in a research note on Monday. Twelve analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Costco Wholesale Corporation currently has a consensus rating of “Buy” and a consensus target price of $178.50.
Shares of Costco Wholesale Corporation (COST) opened at 154.61 on Tuesday. The company’s 50-day moving average price is $159.89 and its 200 day moving average price is $164.71. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18. The stock has a market capitalization of $67.60 billion, a PE ratio of 25.43 and a beta of 0.94.
Costco Wholesale Corporation (NASDAQ:COST) last issued its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 22.33% and a net margin of 2.08%. The firm had revenue of $42.30 billion for the quarter, compared to analysts’ expectations of $41.55 billion. During the same period in the previous year, the firm posted $1.77 earnings per share. The business’s revenue was up 15.7% compared to the same quarter last year. Analysts anticipate that Costco Wholesale Corporation will post $6.44 EPS for the current year.
Costco Wholesale Corporation Company Profile
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.
Receive News & Stock Ratings for Costco Wholesale Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale Corporation and related stocks with our FREE daily email newsletter.