Todays Report: The 4,000 Shares of Stock are sold by Insider Selling: Costco Wholesale Corp. (COST) VP

The 4,000 Shares of Stock are sold by Insider Selling: Costco Wholesale Corp. (COST) VP

Costco Wholesale Corp. (NASDAQ:COST) VP Timothy L. Rose sold 4,000 shares of Costco Wholesale Corp. stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $151.12, for a total transaction of $604,480.00. Following the completion of the sale, the vice president now owns 51,045 shares of the company’s stock, valued at $7,713,920.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Costco Wholesale Corp. (NASDAQ:COST) traded up 0.217% during midday trading on Friday, reaching $150.546. 831,435 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $153.52 and a 200-day moving average of $156.10. Costco Wholesale Corp. has a 12-month low of $138.57 and a 12-month high of $169.73. The stock has a market capitalization of $65.87 billion, a P/E ratio of 28.245 and a beta of 0.71.

Costco Wholesale Corp. (NASDAQ:COST) last announced its earnings results on Thursday, September 29th. The retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.04. The firm had revenue of $35.73 billion for the quarter. Costco Wholesale Corp. had a net margin of 1.98% and a return on equity of 20.26%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 EPS. Analysts anticipate that Costco Wholesale Corp. will post $5.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 18th. Investors of record on Friday, November 4th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, November 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 1.20%. Costco Wholesale Corp.’s dividend payout ratio (DPR) is currently 33.71%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Costco Wholesale Corp. by 1.7% in the second quarter. Vanguard Group Inc. now owns 29,810,741 shares of the retailer’s stock worth $4,681,478,000 after buying an additional 494,125 shares during the period. State Street Corp boosted its position in shares of Costco Wholesale Corp. by 2.3% in the first quarter. State Street Corp now owns 17,701,203 shares of the retailer’s stock worth $2,789,351,000 after buying an additional 395,068 shares during the period. Wellington Management Group LLP boosted its position in shares of Costco Wholesale Corp. by 39.9% in the first quarter. Wellington Management Group LLP now owns 14,278,020 shares of the retailer’s stock worth $2,249,930,000 after buying an additional 4,074,799 shares during the period. FMR LLC boosted its position in shares of Costco Wholesale Corp. by 5.9% in the second quarter. FMR LLC now owns 12,755,948 shares of the retailer’s stock worth $2,003,195,000 after buying an additional 707,695 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Costco Wholesale Corp. by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 11,664,444 shares of the retailer’s stock worth $1,838,083,000 after buying an additional 168,704 shares during the period. 73.11% of the stock is owned by institutional investors.

A number of research firms have recently weighed in on COST. BMO Capital Markets reiterated an “outperform” rating and issued a $180.00 price target on shares of Costco Wholesale Corp. in a research report on Monday. Vetr upgraded shares of Costco Wholesale Corp. from a “buy” rating to a “strong-buy” rating in a research report on Monday. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale Corp. in a research report on Saturday, October 8th. Cowen and Company reiterated an “outperform” rating and issued a $170.00 price target on shares of Costco Wholesale Corp. in a research report on Thursday, October 6th. Finally, Argus reiterated a “buy” rating and issued a $175.00 price target on shares of Costco Wholesale Corp. in a research report on Tuesday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Costco Wholesale Corp. currently has a consensus rating of “Buy” and an average price target of $172.74.

About Costco Wholesale Corp.

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