Insider Selling: Costco Wholesale Co. (NASDAQ:COST) VP Sells 2,500 Shares of Stock

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Costco Wholesale Co. (NASDAQ:COSTGet Rating) VP James P. Murphy sold 2,500 shares of the stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $464.00, for a total transaction of $1,160,000.00. Following the completion of the sale, the vice president now directly owns 37,730 shares in the company, valued at approximately $17,506,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ:COST traded up $12.65 during trading hours on Thursday, hitting $472.61. 38,038 shares of the company were exchanged, compared to its average volume of 2,901,103. The stock has a market capitalization of $209.35 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 3.87 and a beta of 0.71. Costco Wholesale Co. has a 52-week low of $390.59 and a 52-week high of $612.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 0.48. The company’s 50 day moving average price is $496.50 and its 200-day moving average price is $522.53.

Costco Wholesale (NASDAQ:COSTGet Rating) last released its earnings results on Thursday, May 26th. The retailer reported $3.04 earnings per share for the quarter, topping the consensus estimate of $3.03 by $0.01. The company had revenue of $52.60 billion for the quarter, compared to the consensus estimate of $51.49 billion. Costco Wholesale had a net margin of 2.60% and a return on equity of 29.71%. Costco Wholesale’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.75 EPS. On average, equities analysts predict that Costco Wholesale Co. will post 13.02 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Friday, April 29th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, April 28th. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.79. Costco Wholesale’s payout ratio is currently 28.35%.

Several hedge funds have recently added to or reduced their stakes in COST. Contravisory Investment Management Inc. acquired a new position in shares of Costco Wholesale in the 1st quarter valued at $26,000. Evolution Advisers Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $28,000. Comprehensive Financial Consultants Institutional Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $30,000. Mystic Asset Management Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $40,000. Finally, Consolidated Planning Corp acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at $41,000. 67.52% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently commented on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $580.00 price target on shares of Costco Wholesale in a research note on Monday, May 30th. Oppenheimer raised their price target on shares of Costco Wholesale to $525.00 in a research note on Friday, June 3rd. Loop Capital cut their target price on shares of Costco Wholesale from $650.00 to $610.00 and set a “buy” rating on the stock in a research report on Friday, May 27th. Tigress Financial raised their target price on shares of Costco Wholesale from $520.00 to $678.00 in a research report on Thursday, April 14th. Finally, Robert W. Baird cut their target price on shares of Costco Wholesale from $600.00 to $560.00 and set an “outperform” rating on the stock in a research report on Friday, May 27th. Six analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $569.56.

About Costco Wholesale (Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

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Insider Buying and Selling by Quarter for Costco Wholesale (NASDAQ:COST)

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