Costco Wholesale Corp. (COST) VP Timothy L. Rose Sells 4,000 Shares of Stock
Costco Wholesale Corp. (NASDAQ:COST) VP Timothy L. Rose sold 4,000 shares of the business’s stock in a transaction dated Wednesday, October 12th. The shares were sold at an average price of $151.12, for a total value of $604,480.00. Following the completion of the transaction, the vice president now directly owns 51,045 shares of the company’s stock, valued at approximately $7,713,920.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Costco Wholesale Corp. (NASDAQ:COST) opened at 150.15 on Monday. The stock has a market cap of $65.69 billion, a price-to-earnings ratio of 28.17 and a beta of 0.71. The stock’s 50 day moving average price is $153.10 and its 200-day moving average price is $156.08. Costco Wholesale Corp. has a 52-week low of $138.57 and a 52-week high of $169.73.
Costco Wholesale Corp. (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 29th. The retailer reported $1.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.04. Costco Wholesale Corp. had a net margin of 1.98% and a return on equity of 20.26%. The business earned $35.73 billion during the quarter. During the same period last year, the business earned $1.73 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts predict that Costco Wholesale Corp. will post $5.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 18th. Shareholders of record on Friday, November 4th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, November 2nd. This represents a $1.80 annualized dividend and a yield of 1.20%. Costco Wholesale Corp.’s payout ratio is currently 33.71%.
Several equities analysts have recently issued reports on COST shares. JPMorgan Chase & Co. reissued a “buy” rating and issued a $179.00 price objective on shares of Costco Wholesale Corp. in a report on Friday, August 5th. Deutsche Bank AG reissued a “buy” rating on shares of Costco Wholesale Corp. in a report on Sunday, July 10th. Oppenheimer Holdings Inc. restated a “buy” rating and issued a $175.00 price target on shares of Costco Wholesale Corp. in a research note on Saturday, July 9th. Argus restated a “buy” rating and issued a $175.00 price target on shares of Costco Wholesale Corp. in a research note on Tuesday, July 5th. Finally, Nomura restated a “buy” rating and issued a $185.00 price target on shares of Costco Wholesale Corp. in a research note on Thursday, August 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $172.74.
A number of hedge funds have recently added to or reduced their stakes in COST. FCM Investments TX purchased a new stake in Costco Wholesale Corp. during the second quarter valued at approximately $133,000. Zions Bancorporation boosted its stake in Costco Wholesale Corp. by 88.2% in the first quarter. Zions Bancorporation now owns 890 shares of the retailer’s stock valued at $139,000 after buying an additional 417 shares during the last quarter. Global X Management Co. LLC boosted its stake in Costco Wholesale Corp. by 276.6% in the second quarter. Global X Management Co. LLC now owns 983 shares of the retailer’s stock valued at $154,000 after buying an additional 722 shares during the last quarter. PineBridge Investments L.P. boosted its stake in Costco Wholesale Corp. by 11.5% in the second quarter. PineBridge Investments L.P. now owns 1,078 shares of the retailer’s stock valued at $169,000 after buying an additional 111 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in Costco Wholesale Corp. by 81.4% in the second quarter. Signaturefd LLC now owns 1,094 shares of the retailer’s stock valued at $172,000 after buying an additional 491 shares during the last quarter. 73.13% of the stock is owned by hedge funds and other institutional investors.
Costco Wholesale Corp. Company Profile
Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet.
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