Costco Wholesale Corporation (NASDAQ:COST) VP Paul G. Moulton sold 4,381 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $168.16, for a total transaction of $736,708.96. Following the transaction, the vice president now directly owns 52,858 shares of the company’s stock, valued at $8,888,601.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Costco Wholesale Corporation (COST) opened at $171.36 on Friday. The stock has a market cap of $74,882.60, 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 $145.38 and a one year high of $183.18. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.43 and a current ratio of 0.99.
Costco Wholesale Corporation (NASDAQ:COST) last issued its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.06. The company 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%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior 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 business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Thursday, November 16th. Costco Wholesale Corporation’s dividend payout ratio is currently 32.89%.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Delta Asset Management LLC TN raised its holdings in shares of Costco Wholesale Corporation by 11.6% in the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after purchasing an additional 65 shares in the last quarter. Almanack Investment Partners LLC. bought a new stake in shares of Costco Wholesale Corporation in the 2nd quarter worth approximately $101,000. Jacobus Wealth Management Inc. bought a new stake in shares of Costco Wholesale Corporation in the 3rd quarter worth approximately $103,000. Northwest Investment Counselors LLC bought a new stake in shares of Costco Wholesale Corporation in the 2nd quarter worth approximately $107,000. Finally, Shamrock Asset Management LLC raised its holdings in shares of Costco Wholesale Corporation by 171.3% in the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after purchasing an additional 418 shares in the last quarter. Institutional investors and hedge funds own 72.57% of the company’s stock.
COST has been the subject of a number of research analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $172.00 target price on shares of Costco Wholesale Corporation in a report on Tuesday, September 5th. Citigroup Inc. increased their target price 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. reaffirmed a “buy” rating and issued a $185.00 target price 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 dropped their target price 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 investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Costco Wholesale Corporation has a consensus rating of “Buy” and a consensus target price of $178.34.
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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