Costco Wholesale Co. (COST) VP Sells $937,400.00 in Stock

Costco Wholesale Co. (NASDAQ:COST) VP James P. Murphy sold 5,000 shares of Costco Wholesale stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $187.48, for a total value of $937,400.00. Following the sale, the vice president now owns 53,834 shares in the company, valued at $10,092,798.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Costco Wholesale Co. (NASDAQ:COST) opened at $186.29 on Wednesday. The stock has a market capitalization of $81,820.00, a price-to-earnings ratio of 29.62, a PEG ratio of 3.12 and a beta of 0.98. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.57. Costco Wholesale Co. has a 1-year low of $150.00 and a 1-year high of $195.35.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. The firm had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.24 earnings per share. analysts predict that Costco Wholesale Co. will post 6.59 EPS for the current year.

Several research firms recently weighed in on COST. Vetr lowered Costco Wholesale from a “strong-buy” rating to a “buy” rating and set a $183.04 price target on the stock. in a research report on Wednesday, September 27th. Oppenheimer restated a “buy” rating on shares of Costco Wholesale in a research report on Thursday, November 30th. Susquehanna Bancshares lifted their price target on Costco Wholesale from $205.00 to $215.00 and gave the company a “positive” rating in a research report on Friday, December 15th. Barclays restated a “buy” rating and set a $208.00 price target on shares of Costco Wholesale in a research report on Tuesday, December 19th. Finally, Zacks Investment Research lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Costco Wholesale has a consensus rating of “Buy” and a consensus price target of $188.90.

Several large investors have recently made changes to their positions in COST. Janus Henderson Group PLC lifted its holdings in shares of Costco Wholesale by 3,005.9% during the second quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock valued at $668,630,000 after purchasing an additional 4,046,164 shares in the last quarter. Capital World Investors lifted its holdings in shares of Costco Wholesale by 6.0% during the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after purchasing an additional 1,007,720 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Costco Wholesale by 2.9% during the second quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after purchasing an additional 937,121 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Costco Wholesale by 14.4% during the third quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock valued at $1,118,138,000 after purchasing an additional 858,969 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Costco Wholesale by 2.9% during the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock valued at $3,983,097,000 after purchasing an additional 703,825 shares in the last quarter. 70.91% of the stock is currently owned by hedge funds and other institutional investors.

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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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