Costco Wholesale Co. (NASDAQ:COST) Director Susan L. Decker sold 1,008 shares of Costco Wholesale stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $302.50, for a total transaction of $304,920.00. Following the sale, the director now owns 40,462 shares of the company’s stock, valued at $12,239,755. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

COST opened at $302.86 on Monday. The company’s 50 day simple moving average is $293.17 and its 200 day simple moving average is $268.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 1.01. Costco Wholesale Co. has a 1 year low of $189.51 and a 1 year high of $307.34. The stock has a market capitalization of $132.95 billion, a PE ratio of 36.98, a P/E/G ratio of 4.14 and a beta of 0.94.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, October 3rd. The retailer reported $2.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.54 by $0.15. Costco Wholesale had a net margin of 2.40% and a return on equity of 25.00%. The business had revenue of $47.50 billion for the quarter, compared to analysts’ expectations of $47.71 billion. During the same period last year, the company earned $2.36 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts expect that Costco Wholesale Co. will post 8.6 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.86%. Costco Wholesale’s dividend payout ratio (DPR) is 31.75%.

COST has been the subject of a number of recent research reports. Bank of America lifted their price target on shares of Costco Wholesale from $310.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Stifel Nicolaus lifted their price target on shares of Costco Wholesale from $289.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Barclays set a $275.00 price target on shares of Costco Wholesale and gave the stock a “hold” rating in a report on Monday, August 12th. ValuEngine downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Edward Jones downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $293.13.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Costco Wholesale by 1.4% during the second quarter. Vanguard Group Inc. now owns 37,343,168 shares of the retailer’s stock valued at $9,868,305,000 after buying an additional 508,650 shares in the last quarter. Northern Trust Corp lifted its position in Costco Wholesale by 1.0% during the second quarter. Northern Trust Corp now owns 6,379,195 shares of the retailer’s stock valued at $1,685,767,000 after buying an additional 60,035 shares in the last quarter. Invesco Ltd. lifted its position in Costco Wholesale by 4.6% during the second quarter. Invesco Ltd. now owns 4,818,879 shares of the retailer’s stock valued at $1,273,437,000 after buying an additional 211,017 shares in the last quarter. Nuveen Asset Management LLC lifted its position in Costco Wholesale by 40,778.5% during the second quarter. Nuveen Asset Management LLC now owns 4,772,976 shares of the retailer’s stock valued at $1,261,307,000 after buying an additional 4,761,300 shares in the last quarter. Finally, Morgan Stanley lifted its position in Costco Wholesale by 8.8% during the second quarter. Morgan Stanley now owns 3,394,496 shares of the retailer’s stock valued at $897,029,000 after buying an additional 274,845 shares in the last quarter. 71.17% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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

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