Costco Wholesale Co. (COST) VP Sells $2,206,152.52 in Stock
Costco Wholesale Co. (NASDAQ:COST) VP Paul G. Moulton sold 11,674 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $188.98, for a total transaction of $2,206,152.52. Following the transaction, the vice president now owns 33,573 shares of the company’s stock, valued at $6,344,625.54. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Costco Wholesale Co. (COST) opened at $187.46 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.44. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $199.88. The stock has a market cap of $83,111.27, a P/E ratio of 30.25, a P/E/G ratio of 3.05 and a beta of 0.97.
Costco Wholesale (NASDAQ:COST) last released its earnings results 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 return on equity of 24.74% and a net margin of 2.18%. The company had revenue of $33 billion during the quarter, compared to analyst estimates of $32.73 billion. During the same period in the prior year, the business posted $1.17 earnings per share. Costco Wholesale’s revenue was up 10.8% on a year-over-year basis. analysts anticipate that Costco Wholesale Co. will post 6.81 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in COST. Assetmark Inc. raised its holdings 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 period. Wealthcare Advisory Partners LLC purchased a new position in Costco Wholesale in the third quarter valued at approximately $102,000. Jacobus Wealth Management Inc. purchased a new position in Costco Wholesale in the third quarter valued at approximately $103,000. American Beacon Advisors Inc. purchased a new position in Costco Wholesale in the fourth quarter valued at approximately $120,000. Finally, Shamrock Asset Management LLC raised its holdings 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 period. 72.79% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have weighed in on COST. Vetr upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 target price for the company in a report on Thursday, January 4th. JPMorgan Chase & Co. restated a “buy” rating and set a $200.00 target price on shares of Costco Wholesale in a report on Monday, December 4th. Argus raised their target price on shares of Costco Wholesale to $200.00 and gave the company a “buy” rating in a report on Monday, February 12th. Oppenheimer raised their price target on shares of Costco Wholesale from $180.00 to $210.00 and gave the stock an “outperform” rating in a research note on Monday, January 8th. Finally, Guggenheim reaffirmed a “hold” rating on shares of Costco Wholesale in a research note on Wednesday, November 22nd. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Costco Wholesale has an average rating of “Buy” and an average target price of $190.76.
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Costco Wholesale 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.
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