Roland Michael Vachris Sells 3,700 Shares of Costco Wholesale Co. (NASDAQ:COST) Stock

Costco Wholesale Co. (NASDAQ:COST) VP Roland Michael Vachris sold 3,700 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $267.25, for a total value of $988,825.00. Following the completion of the sale, the vice president now owns 13,578 shares in the company, valued at approximately $3,628,720.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of NASDAQ:COST opened at $266.36 on Wednesday. The company has a 50-day simple moving average of $251.47. Costco Wholesale Co. has a 1 year low of $189.51 and a 1 year high of $268.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.98 and a quick ratio of 0.48. The firm has a market cap of $116.92 billion, a P/E ratio of 39.00, a price-to-earnings-growth ratio of 3.73 and a beta of 0.91.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, May 30th. The retailer reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.06. Costco Wholesale had a return on equity of 25.03% and a net margin of 2.41%. The business had revenue of $34.74 billion for the quarter, compared to the consensus estimate of $34.72 billion. During the same period in the prior year, the business earned $1.70 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Research analysts predict that Costco Wholesale Co. will post 8.04 EPS for the current fiscal year.

Costco Wholesale declared that its board has authorized a share repurchase program on Friday, April 26th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the retailer to repurchase up to 3.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

COST has been the topic of a number of analyst reports. Bank of America set a $255.00 price target on Costco Wholesale and gave the company a “buy” rating in a research report on Friday, March 8th. Raymond James upped their price target on Costco Wholesale from $240.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, March 8th. Evercore ISI initiated coverage on Costco Wholesale in a research report on Wednesday, March 20th. They issued an “outperform” rating and a $260.00 price target on the stock. Morgan Stanley set a $220.00 price target on Costco Wholesale and gave the company a “hold” rating in a research report on Friday, March 8th. Finally, Robert W. Baird boosted their price objective on Costco Wholesale from $250.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Seven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $253.27.

A number of hedge funds have recently bought and sold shares of COST. Horan Capital Advisors LLC. acquired a new position in Costco Wholesale during the 1st quarter worth approximately $26,000. ERTS Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter worth approximately $30,000. Arbor Wealth Management LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter worth approximately $33,000. Thor Advisors LLC purchased a new stake in shares of Costco Wholesale in the first quarter worth approximately $35,000. Finally, PRW Wealth Management LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter worth approximately $36,000. 71.08% of the stock is currently owned by institutional investors and hedge funds.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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

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