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.
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.
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