Insider Selling: Costco Wholesale Co. (COST) VP Sells 5,000 Shares of Stock

Costco Wholesale Co. (NASDAQ:COST) VP Timothy L. Rose sold 5,000 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $193.20, for a total value of $966,000.00. Following the transaction, the vice president now owns 52,529 shares in the company, valued at approximately $10,148,602.80. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of Costco Wholesale Co. (NASDAQ:COST) traded down $0.42 on Monday, hitting $192.31. The company’s stock had a trading volume of 3,491,790 shares, compared to its average volume of 3,120,063. Costco Wholesale Co. has a twelve month low of $150.00 and a twelve month high of $195.35. The firm has a market cap of $84,720.00, a P/E ratio of 32.07, a PEG ratio of 3.12 and a beta of 0.98. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.41% and a net margin of 2.09%. The business had revenue of $31.81 billion during the quarter, compared to the consensus estimate of $31.01 billion. During the same period last year, the company earned $1.24 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. equities analysts expect that Costco Wholesale Co. will post 6.5 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, November 16th. Costco Wholesale’s dividend payout ratio (DPR) is presently 32.95%.

Institutional investors and hedge funds have recently modified their holdings of the business. Almanack Investment Partners LLC. acquired a new stake in shares of Costco Wholesale during the 2nd quarter worth about $101,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth about $102,000. Jacobus Wealth Management Inc. purchased a new position in Costco Wholesale during the 3rd quarter valued at about $103,000. Northwest Investment Counselors LLC purchased a new position in Costco Wholesale during the 2nd quarter valued at about $107,000. Finally, Shamrock Asset Management LLC boosted its holdings in Costco Wholesale by 171.3% during the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after acquiring an additional 418 shares during the period. 71.49% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on COST shares. Vetr upgraded Costco Wholesale from a “buy” rating to a “strong-buy” rating and set a $182.22 target price on the stock in a research report on Monday, August 21st. Deutsche Bank reiterated a “hold” rating and set a $172.00 target price on shares of Costco Wholesale in a research report on Tuesday, September 5th. Citigroup reiterated a “buy” rating and set a $190.00 target price (up previously from $187.00) on shares of Costco Wholesale in a research report on Monday, October 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $190.00 target price (up previously from $184.00) on shares of Costco Wholesale in a research report on Friday, October 6th. Finally, Jefferies Group reiterated a “hold” rating and set a $162.00 target price (down previously from $168.00) on shares of Costco Wholesale in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Costco Wholesale presently has an average rating of “Buy” and a consensus price target of $186.24.

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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.

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

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