Costco Wholesale Corporation (COST) Insider John D. Mckay Sells 8,111 Shares

Costco Wholesale Corporation (NASDAQ:COST) insider John D. Mckay sold 8,111 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $172.78, for a total transaction of $1,401,418.58. Following the sale, the insider now owns 66,751 shares in the company, valued at approximately $11,533,237.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Costco Wholesale Corporation (NASDAQ COST) traded up $0.21 during trading on Tuesday, hitting $171.67. 323,917 shares of the stock were exchanged, compared to its average volume of 3,108,252. The stock has a market cap of $74,882.54, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 2.74 and a beta of 0.93. Costco Wholesale Corporation has a twelve month low of $149.50 and a twelve month high of $183.18. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59.

Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. The business had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The business’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.77 EPS. equities research analysts forecast that Costco Wholesale Corporation will post 6.45 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Thursday, November 16th. Costco Wholesale Corporation’s dividend payout ratio (DPR) is 32.89%.

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Several analysts recently commented on the stock. Vetr lowered shares of Costco Wholesale Corporation from a “buy” rating to a “hold” rating and set a $171.07 price target on the stock. in a research report on Monday, November 6th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Costco Wholesale Corporation in a research report on Friday, October 20th. TheStreet upgraded shares of Costco Wholesale Corporation from a “c” rating to a “b” rating in a research report on Monday, October 9th. Credit Suisse Group restated an “outperform” rating on shares of Costco Wholesale Corporation in a research report on Tuesday, October 10th. Finally, Stifel Nicolaus restated a “buy” rating and set a $173.00 price target on shares of Costco Wholesale Corporation in a research report on Monday, October 9th. Twelve analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $178.34.

Several institutional investors have recently added to or reduced their stakes in the company. Westside Investment Management Inc. raised its stake in shares of Costco Wholesale Corporation 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 acquiring an additional 3 shares during the period. Brightworth grew its holdings in shares of Costco Wholesale Corporation by 0.3% in the second quarter. Brightworth now owns 1,334 shares of the retailer’s stock valued at $213,000 after purchasing an additional 4 shares in the last quarter. Pioneer Trust Bank N A OR grew its holdings in shares of Costco Wholesale Corporation by 0.4% in the second quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock valued at $266,000 after purchasing an additional 7 shares in the last quarter. SVA Plumb Wealth Management LLC grew its holdings in shares of Costco Wholesale Corporation by 0.3% in the second quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock valued at $404,000 after purchasing an additional 7 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Costco Wholesale Corporation by 0.5% in the second quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock valued at $223,000 after purchasing an additional 7 shares in the last quarter. 72.76% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Corporation 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 Corporation (NASDAQ:COST)

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