Costco Wholesale Corporation (NASDAQ:COST) VP Dennis R. Zook sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $161.92, for a total transaction of $809,600.00. Following the completion of the sale, the vice president now directly owns 626 shares in the company, valued at $101,361.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Costco Wholesale Corporation (COST) traded up $2.25 during trading on Friday, reaching $171.36. 2,673,000 shares of the company’s stock were exchanged, compared to its average volume of 3,103,734. Costco Wholesale Corporation has a 1 year low of $145.38 and a 1 year high of $183.18. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.99 and a quick ratio of 0.43. The firm has a market capitalization of $73,899.31, a price-to-earnings ratio of 29.06, a P/E/G ratio of 2.70 and a beta of 0.93.
Costco Wholesale Corporation (NASDAQ:COST) last issued its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 2.08% and a return on equity of 22.21%. Costco Wholesale Corporation’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 earnings per share. research analysts expect that Costco Wholesale Corporation will post 6.45 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.17%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is presently 32.89%.
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COST has been the topic of several research analyst reports. Deutsche Bank AG reissued a “hold” rating and issued a $172.00 price target on shares of Costco Wholesale Corporation in a report on Tuesday, September 5th. Citigroup Inc. increased their price target on shares of Costco Wholesale Corporation from $155.00 to $187.00 and gave the company a “hold” rating in a report on Friday, October 6th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $185.00 price target on shares of Costco Wholesale Corporation in a report on Thursday, August 31st. Morgan Stanley cut shares of Costco Wholesale Corporation from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $190.00 to $165.00 in a report on Friday, October 6th. Finally, Zacks Investment Research cut shares of Costco Wholesale Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Twelve equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $178.34.
Several large investors have recently modified their holdings of COST. Delta Asset Management LLC TN lifted its holdings in shares of Costco Wholesale Corporation by 11.6% during the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after purchasing an additional 65 shares during the period. Almanack Investment Partners LLC. acquired a new position in shares of Costco Wholesale Corporation during the second quarter worth $101,000. Jacobus Wealth Management Inc. acquired a new position in shares of Costco Wholesale Corporation during the third quarter worth $103,000. Northwest Investment Counselors LLC acquired a new position in shares of Costco Wholesale Corporation during the second quarter worth $107,000. Finally, Shamrock Asset Management LLC lifted its holdings in shares of Costco Wholesale Corporation by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after purchasing an additional 418 shares during the period. Institutional investors own 72.57% of the company’s stock.
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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