Costco Wholesale Co. (COST) VP Paul G. Moulton Sells 5,585 Shares of Stock

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Costco Wholesale Co. (NASDAQ:COST) VP Paul G. Moulton sold 5,585 shares of the stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $206.83, for a total transaction of $1,155,145.55. Following the transaction, the vice president now owns 27,988 shares of the company’s stock, valued at approximately $5,788,758.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ:COST opened at $207.53 on Wednesday. Costco Wholesale Co. has a fifty-two week low of $150.00 and a fifty-two week high of $208.11. The firm has a market cap of $90.43 billion, a P/E ratio of 35.66, a P/E/G ratio of 2.74 and a beta of 0.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.47 and a current ratio of 1.01.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, May 31st. The retailer reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.02. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.16%. The business had revenue of $32.36 billion during the quarter, compared to the consensus estimate of $31.89 billion. During the same quarter last year, the company earned $1.40 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. sell-side analysts forecast that Costco Wholesale Co. will post 6.76 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Friday, May 11th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.10%. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, May 10th. Costco Wholesale’s dividend payout ratio (DPR) is presently 39.18%.

Several large investors have recently made changes to their positions in the company. CNB Bank raised its position in Costco Wholesale by 17.2% during the first quarter. CNB Bank now owns 1,775 shares of the retailer’s stock valued at $335,000 after acquiring an additional 261 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Costco Wholesale by 2.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 13,065 shares of the retailer’s stock worth $2,462,000 after purchasing an additional 265 shares during the period. Boston Financial Mangement LLC increased its holdings in Costco Wholesale by 0.3% during the 4th quarter. Boston Financial Mangement LLC now owns 107,714 shares of the retailer’s stock worth $20,048,000 after purchasing an additional 288 shares during the period. Cypress Capital Management LLC WY increased its holdings in Costco Wholesale by 11.4% during the 4th quarter. Cypress Capital Management LLC WY now owns 2,830 shares of the retailer’s stock worth $527,000 after purchasing an additional 290 shares during the period. Finally, Mason Street Advisors LLC lifted its position in Costco Wholesale by 0.5% during the 1st quarter. Mason Street Advisors LLC now owns 61,166 shares of the retailer’s stock worth $11,526,000 after acquiring an additional 297 shares during the period. Hedge funds and other institutional investors own 71.29% of the company’s stock.

COST has been the topic of a number of recent analyst reports. Loop Capital raised their target price on shares of Costco Wholesale to $230.00 and gave the company a “buy” rating in a research note on Wednesday. Susquehanna Bancshares reissued a “positive” rating on shares of Costco Wholesale in a research note on Thursday, June 7th. Royal Bank of Canada lifted their price target on shares of Costco Wholesale to $213.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 29th. Citigroup lifted their price target on shares of Costco Wholesale from $217.00 to $222.00 and gave the stock a “buy” rating in a research note on Friday, June 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Costco Wholesale from $206.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, June 1st. Seven analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Costco Wholesale presently has an average rating of “Buy” and an average price target of $198.78.

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.

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

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