Investors Sell Shares of Costco Wholesale (COST) on Strength Following Insider Selling

Traders sold shares of Costco Wholesale Co. (NASDAQ:COST) on strength during trading hours on Wednesday after an insider sold shares in the company. $110.93 million flowed into the stock on the tick-up and $179.00 million flowed out of the stock on the tick-down, for a money net flow of $68.07 million out of the stock. Of all equities tracked, Costco Wholesale had the 0th highest net out-flow for the day. Costco Wholesale traded up $2.26 for the day and closed at $190.58Specifically, VP Dennis R. Zook sold 5,000 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $161.92, for a total value of $809,600.00. Following the completion of the sale, the vice president now directly owns 626 shares of the company’s stock, valued at approximately $101,361.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Paul G. Moulton sold 4,381 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $168.16, for a total transaction of $736,708.96. Following the completion of the sale, the vice president now directly owns 52,858 shares of the company’s stock, valued at $8,888,601.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,842 shares of company stock valued at $10,744,218. Insiders own 0.58% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Vetr cut shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating and set a $183.04 price objective for the company. in a research note on Wednesday, September 27th. Oppenheimer restated a “buy” rating on shares of Costco Wholesale in a research note on Thursday, November 30th. Susquehanna Bancshares increased their price objective on shares of Costco Wholesale from $205.00 to $215.00 and gave the company a “positive” rating in a research note on Friday, December 15th. Barclays restated a “buy” rating and issued a $208.00 price objective on shares of Costco Wholesale in a research note on Tuesday, December 19th. Finally, Zacks Investment Research cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Eleven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $187.32.

The company has a market capitalization of $83,700.00, a PE ratio of 30.30, a PEG ratio of 3.13 and a beta of 0.98. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57.

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

Several institutional investors have recently made changes to their positions in the stock. Westside Investment Management Inc. increased its position in Costco Wholesale by 0.3% in the 2nd quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock valued at $168,000 after acquiring an additional 3 shares in the last quarter. Pioneer Trust Bank N A OR increased its position in Costco Wholesale by 0.4% in the 2nd quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock valued at $266,000 after acquiring an additional 7 shares in the last quarter. SVA Plumb Wealth Management LLC increased its position in Costco Wholesale by 0.3% in the 2nd quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock valued at $404,000 after acquiring an additional 7 shares in the last quarter. Cetera Investment Advisers increased its position in Costco Wholesale by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock valued at $223,000 after acquiring an additional 7 shares in the last quarter. Finally, CHICAGO TRUST Co NA increased its position in Costco Wholesale by 0.5% in the 2nd quarter. CHICAGO TRUST Co NA now owns 2,515 shares of the retailer’s stock valued at $402,000 after acquiring an additional 12 shares in the last quarter. Institutional investors and hedge funds own 70.88% of the company’s stock.

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About Costco Wholesale

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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