Costco Wholesale Corporation (COST) CFO Richard A. Galanti Sells 3,000 Shares
Costco Wholesale Corporation (NASDAQ:COST) CFO Richard A. Galanti sold 3,000 shares of Costco Wholesale Corporation stock in a transaction on Friday, November 10th. The shares were sold at an average price of $170.95, for a total transaction of $512,850.00. Following the transaction, the chief financial officer now owns 35,225 shares in the company, valued at approximately $6,021,713.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Costco Wholesale Corporation (NASDAQ COST) opened at $171.46 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.43 and a current ratio of 0.99. The stock has a market cap of $74,882.54, a PE ratio of 29.44, a price-to-earnings-growth ratio of 2.74 and a beta of 0.93. Costco Wholesale Corporation has a one year low of $149.50 and a one year high of $183.18.
Costco Wholesale Corporation (NASDAQ:COST) last posted its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. The firm had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. Costco Wholesale Corporation’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.77 EPS. equities research analysts predict that Costco Wholesale Corporation will post 6.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Thursday, November 16th. Costco Wholesale Corporation’s payout ratio is 32.89%.
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COST has been the topic of several recent research reports. Vetr upgraded shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 target price on the stock in a report on Monday, August 21st. Deutsche Bank AG restated a “hold” rating and set a $172.00 target price on shares of Costco Wholesale Corporation in a report on Tuesday, September 5th. Citigroup Inc. restated a “buy” rating and set a $190.00 target price (up previously from $187.00) on shares of Costco Wholesale Corporation in a report on Monday, October 9th. Robert W. Baird set a $200.00 target price on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $190.00 target price (up previously from $184.00) on shares of Costco Wholesale Corporation in a report on Friday, October 6th. Twelve analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $178.34.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Costco Wholesale Corporation by 2.9% during the 2nd 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 during the period. BlackRock Inc. boosted its stake in Costco Wholesale Corporation by 2.9% during the 2nd 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 during the period. State Street Corp boosted its stake in Costco Wholesale Corporation by 1.3% during the 1st quarter. State Street Corp now owns 18,131,561 shares of the retailer’s stock valued at $3,040,476,000 after purchasing an additional 239,479 shares during the period. Capital World Investors boosted its stake in Costco Wholesale Corporation by 6.0% during the 2nd 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 during the period. Finally, FMR LLC boosted its stake in Costco Wholesale Corporation by 1.5% during the 1st quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock valued at $2,028,898,000 after purchasing an additional 177,200 shares during the period. 72.76% of the stock is owned by hedge funds and other 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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