Costco Wholesale Co. (COST) VP Sells $2,213,520.00 in Stock

Costco Wholesale Co. (NASDAQ:COST) VP Timothy L. Rose sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $184.46, for a total value of $2,213,520.00. Following the completion of the transaction, the vice president now directly owns 22,903 shares in the company, valued at approximately $4,224,687.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Costco Wholesale stock opened at $180.84 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.44 and a current ratio of 1.00. Costco Wholesale Co. has a 12 month low of $150.00 and a 12 month high of $199.88. The firm has a market capitalization of $80,146.13, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 2.76 and a beta of 0.97.

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Costco Wholesale (NASDAQ:COST) last released its earnings results on Wednesday, March 7th. The retailer reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.03). Costco Wholesale had a return on equity of 24.74% and a net margin of 2.18%. The business had revenue of $33 billion for the quarter, compared to the consensus estimate of $32.73 billion. During the same quarter in the previous year, the company earned $1.17 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. equities analysts anticipate that Costco Wholesale Co. will post 6.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Thursday, February 15th. Costco Wholesale’s payout ratio is 29.81%.

Several research firms have recently commented on COST. BidaskClub downgraded Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $205.00 target price (down previously from $209.00) on shares of Costco Wholesale in a research report on Thursday, March 8th. Vetr downgraded Costco Wholesale from a “buy” rating to a “hold” rating and set a $195.68 target price on the stock. in a research report on Tuesday, February 20th. Argus upped their target price on Costco Wholesale to $200.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Finally, BMO Capital Markets set a $223.00 target price on Costco Wholesale and gave the company a “buy” rating in a research report on Wednesday, January 24th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $190.76.

Several institutional investors and hedge funds have recently made changes to their positions in COST. Janus Henderson Group PLC lifted its stake in shares of Costco Wholesale by 3,005.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock valued at $668,630,000 after acquiring an additional 4,046,164 shares during the last quarter. Jennison Associates LLC increased its holdings in Costco Wholesale by 86.3% in the fourth quarter. Jennison Associates LLC now owns 6,611,043 shares of the retailer’s stock valued at $1,230,447,000 after purchasing an additional 3,062,864 shares during the period. Fisher Asset Management LLC increased its holdings in Costco Wholesale by 2,114.9% in the fourth quarter. Fisher Asset Management LLC now owns 2,326,481 shares of the retailer’s stock valued at $433,005,000 after purchasing an additional 2,221,445 shares during the period. Clearbridge Investments LLC increased its holdings in Costco Wholesale by 252.5% in the fourth quarter. Clearbridge Investments LLC now owns 2,388,496 shares of the retailer’s stock valued at $444,547,000 after purchasing an additional 1,711,003 shares during the period. Finally, Capital World Investors increased its holdings in Costco Wholesale by 6.0% in 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 during the period. Institutional investors own 72.78% of the company’s stock.

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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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