Timothy L. Rose Sells 5,000 Shares of Costco Wholesale Co. (COST) Stock

Costco Wholesale Co. (NASDAQ:COST) VP Timothy L. Rose sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $193.20, for a total value of $966,000.00. Following the completion of the sale, the vice president now directly owns 52,529 shares in the company, valued at $10,148,602.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Costco Wholesale Co. (NASDAQ:COST) opened at $188.33 on Wednesday. Costco Wholesale Co. has a one year low of $150.00 and a one year high of $195.35. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57. The stock has a market cap of $84,221.00, a P/E ratio of 32.07, a PEG ratio of 3.12 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $31.01 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. Costco Wholesale’s quarterly revenue was up 13.2% compared to the same quarter last year. sell-side analysts forecast that Costco Wholesale Co. will post 6.5 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Thursday, November 16th. Costco Wholesale’s dividend payout ratio (DPR) is currently 31.80%.

Several large investors have recently bought and sold shares of COST. Dai Ichi Life Insurance Company Ltd raised its position in Costco Wholesale by 107.8% in the 1st quarter. Dai Ichi Life Insurance Company Ltd now owns 67,456 shares of the retailer’s stock worth $11,312,000 after purchasing an additional 35,000 shares during the last quarter. Arizona State Retirement System raised its position in Costco Wholesale by 0.4% in the 1st quarter. Arizona State Retirement System now owns 120,095 shares of the retailer’s stock worth $20,139,000 after purchasing an additional 500 shares during the last quarter. Blair William & Co. IL raised its position in Costco Wholesale by 4.6% in the 1st quarter. Blair William & Co. IL now owns 613,112 shares of the retailer’s stock worth $104,119,000 after purchasing an additional 26,929 shares during the last quarter. Accredited Investors Inc. raised its position in Costco Wholesale by 0.8% in the 1st quarter. Accredited Investors Inc. now owns 2,150 shares of the retailer’s stock worth $361,000 after purchasing an additional 17 shares during the last quarter. Finally, Miracle Mile Advisors LLC bought a new position in Costco Wholesale in the 1st quarter worth approximately $202,000. Institutional investors own 71.22% of the company’s stock.

Several equities research analysts have recently issued reports on COST shares. TheStreet raised Costco Wholesale from a “c” rating to a “b” rating in a research report on Monday, October 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $200.00 price target on shares of Costco Wholesale in a research report on Friday, August 25th. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Thursday, August 24th. Zacks Investment Research raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $176.00 price target on the stock in a research report on Tuesday, September 12th. Finally, UBS reaffirmed a “buy” rating and issued a $190.00 price target on shares of Costco Wholesale in a research report on Thursday, August 31st. Eleven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $187.32.

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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.

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

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