Richard M. Libenson Sells 20,000 Shares of Costco Wholesale Co. (COST) Stock

Costco Wholesale Co. (NASDAQ:COST) Director Richard M. Libenson sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $193.03, for a total value of $3,860,600.00. Following the completion of the sale, the director now owns 3,919 shares in the company, valued at approximately $756,484.57. The transaction was disclosed in a filing with the SEC, which is available at this link.

Costco Wholesale Co. (NASDAQ COST) opened at $187.51 on Thursday. Costco Wholesale Co. has a 52 week low of $150.00 and a 52 week 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 company has a market capitalization of $84,459.66, a price-to-earnings ratio of 32.00, a P/E/G ratio of 3.24 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The firm had revenue of $31.81 billion during the quarter, compared to the consensus estimate of $31.01 billion. During the same period in the prior year, the company earned $1.24 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. equities analysts predict that Costco Wholesale Co. will post 6.52 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Thursday, November 16th. Costco Wholesale’s dividend payout ratio is currently 31.80%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Westside Investment Management Inc. raised its stake 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 purchasing an additional 3 shares during the last quarter. Pioneer Trust Bank N A OR increased its stake in shares of 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 worth $266,000 after acquiring an additional 7 shares during the last quarter. SVA Plumb Wealth Management LLC increased its stake in shares of Costco Wholesale by 0.3% in the 2nd quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock worth $404,000 after acquiring an additional 7 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Costco Wholesale by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock worth $223,000 after acquiring an additional 7 shares during the last quarter. Finally, CHICAGO TRUST Co NA increased its stake in shares of Costco Wholesale by 0.5% in the 2nd quarter. CHICAGO TRUST Co NA now owns 2,515 shares of the retailer’s stock worth $402,000 after acquiring an additional 12 shares during the last quarter. 71.22% of the stock is owned by hedge funds and other institutional investors.

COST has been the topic of several recent research reports. Oppenheimer restated a “buy” rating on shares of Costco Wholesale in a research report on Thursday, August 24th. Robert W. Baird restated a “buy” rating and issued a $200.00 price objective on shares of Costco Wholesale in a research report on Friday, August 25th. Cowen restated an “outperform” rating and issued a $182.00 price objective (up previously from $180.00) on shares of Costco Wholesale in a research report on Tuesday, August 29th. BMO Capital Markets set a $160.00 price objective on Costco Wholesale and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Finally, UBS restated a “buy” rating and issued a $190.00 price objective on shares of Costco Wholesale in a research report on Thursday, August 31st. Eleven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company 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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