Costco Wholesale Co. (COST) Director Sells $3,860,600.00 in Stock

Costco Wholesale Co. (NASDAQ:COST) Director Richard M. Libenson sold 20,000 shares of Costco Wholesale stock in a transaction on Monday, December 18th. The stock was sold at an average price of $193.03, for a total transaction of $3,860,600.00. Following the sale, the director now directly owns 3,919 shares in the company, valued at approximately $756,484.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Costco Wholesale Co. (COST) opened at $186.80 on Friday. The firm has a market cap of $82,040.00, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 3.17 and a beta of 0.98. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.57. Costco Wholesale Co. has a fifty-two week low of $150.00 and a fifty-two week high of $195.35.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The company had revenue of $31.81 billion during the quarter, compared to analyst estimates of $31.01 billion. During the same period last year, the business earned $1.24 EPS. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. sell-side analysts predict that Costco Wholesale Co. will post 6.52 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Thursday, November 16th. Costco Wholesale’s dividend payout ratio (DPR) is presently 32.95%.

COST has been the topic of several analyst reports. Deutsche Bank reaffirmed a “hold” rating and set a $172.00 price target on shares of Costco Wholesale in a research note on Tuesday, September 5th. Citigroup reaffirmed a “buy” rating and set a $190.00 price target (up previously from $187.00) on shares of Costco Wholesale in a research note on Monday, October 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $190.00 price target (up previously from $184.00) on shares of Costco Wholesale in a research note on Friday, October 6th. Jefferies Group reaffirmed a “hold” rating and set a $162.00 price target (down previously from $168.00) on shares of Costco Wholesale in a research note on Friday, October 6th. Finally, Oppenheimer set a $185.00 price target on shares of Costco Wholesale and gave the stock a “buy” rating in a research note on Friday, October 6th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $187.32.

Several hedge funds and other institutional investors have recently bought and sold shares of COST. Accredited Investors Inc. boosted its holdings in shares of Costco Wholesale by 0.8% in the 1st quarter. Accredited Investors Inc. now owns 2,150 shares of the retailer’s stock valued at $361,000 after buying an additional 17 shares during the period. Miracle Mile Advisors LLC acquired a new position in shares of Costco Wholesale in the 1st quarter valued at about $202,000. Cornerstone Capital Management Holdings LLC. boosted its stake in Costco Wholesale by 14.3% during the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 94,462 shares of the retailer’s stock valued at $15,839,000 after purchasing an additional 11,836 shares during the period. Vident Investment Advisory LLC acquired a new position in Costco Wholesale during the 1st quarter valued at about $2,416,000. Finally, Venturi Wealth Management LLC boosted its stake in Costco Wholesale by 11.5% during the 1st quarter. Venturi Wealth Management LLC now owns 42,965 shares of the retailer’s stock valued at $7,310,000 after purchasing an additional 4,423 shares during the period. 71.22% of the stock is owned by institutional investors and hedge funds.

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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.

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