Costco Wholesale Corporation (COST) VP Sells $802,900.00 in Stock
Costco Wholesale Corporation (NASDAQ:COST) VP Richard A. Galanti sold 5,000 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $160.58, for a total transaction of $802,900.00. Following the completion of the sale, the vice president now directly owns 41,396 shares in the company, valued at approximately $6,647,369.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Costco Wholesale Corporation (NASDAQ:COST) traded up 0.72% during mid-day trading on Monday, hitting $161.92. The stock had a trading volume of 1,346,494 shares. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The stock’s 50-day moving average is $160.74 and its 200-day moving average is $164.19. The firm has a market capitalization of $70.79 billion, a PE ratio of 26.63 and a beta of 0.94.
Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.06. The company had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.77 earnings per share. Equities analysts expect that Costco Wholesale Corporation will post $6.43 earnings per share for the current year.
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A number of research firms recently weighed in on COST. UBS AG raised shares of Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, June 26th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Costco Wholesale Corporation in a report on Friday. BidaskClub raised shares of Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Guggenheim reaffirmed a “neutral” rating on shares of Costco Wholesale Corporation in a report on Thursday, October 5th. Finally, BMO Capital Markets set a $160.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “hold” rating in a report on Saturday, October 7th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $178.50.
Institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. increased its holdings in Costco Wholesale Corporation by 4.1% in the first quarter. Alliancebernstein L.P. now owns 3,248,905 shares of the retailer’s stock worth $544,809,000 after purchasing an additional 129,106 shares in the last quarter. Mechanics Bank Trust Department increased its holdings in Costco Wholesale Corporation by 4.8% in the second quarter. Mechanics Bank Trust Department now owns 33,556 shares of the retailer’s stock worth $5,366,000 after purchasing an additional 1,529 shares in the last quarter. Cadinha & Co. LLC increased its holdings in Costco Wholesale Corporation by 7.3% in the second quarter. Cadinha & Co. LLC now owns 124,642 shares of the retailer’s stock worth $19,934,000 after purchasing an additional 8,518 shares in the last quarter. Main Street Research LLC increased its holdings in Costco Wholesale Corporation by 4.9% in the first quarter. Main Street Research LLC now owns 64,704 shares of the retailer’s stock worth $10,850,000 after purchasing an additional 3,023 shares in the last quarter. Finally, Stephens Inc. AR increased its holdings in Costco Wholesale Corporation by 3.1% in the first quarter. Stephens Inc. AR now owns 44,405 shares of the retailer’s stock worth $7,446,000 after purchasing an additional 1,350 shares in the last quarter. 72.49% of the stock is currently owned by institutional investors.
Costco Wholesale Corporation 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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