Insider Selling: Costco Wholesale Co. (COST) VP Sells 5,000 Shares of Stock

Costco Wholesale Co. (NASDAQ:COST) VP Richard A. Galanti sold 5,000 shares of Costco Wholesale stock in a transaction on Friday, January 12th. The shares were sold at an average price of $191.62, for a total value of $958,100.00. Following the transaction, the vice president now directly owns 32,880 shares of the company’s stock, valued at $6,300,465.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Costco Wholesale Co. (COST) traded up $2.46 during trading hours on Friday, reaching $191.84. The company’s stock had a trading volume of 3,498,513 shares, compared to its average volume of 3,023,155. The company has a market cap of $84,250.00, a PE ratio of 30.50, a P/E/G ratio of 3.12 and a beta of 0.98. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $195.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The firm had revenue of $31.81 billion during the quarter, compared to analysts’ expectations of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 EPS. sell-side analysts expect that Costco Wholesale Co. will post 6.59 EPS for the current fiscal year.

A number of research analysts have issued reports on COST shares. TheStreet raised Costco Wholesale from a “c” rating to a “b” rating in a report on Monday, October 9th. Oppenheimer set a $185.00 price objective on Costco Wholesale and gave the company a “buy” rating in a report on Friday, October 6th. Robert W. Baird set a $200.00 price target on Costco Wholesale and gave the company a “buy” rating in a report on Wednesday, October 4th. Vetr cut Costco Wholesale from a “strong-buy” rating to a “buy” rating and set a $183.04 price target for the company. in a report on Wednesday, September 27th. Finally, Zacks Investment Research raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a report on Tuesday, September 19th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $188.90.

Large investors have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC bought a new stake in Costco Wholesale during the 3rd quarter worth about $102,000. Jacobus Wealth Management Inc. bought a new stake in Costco Wholesale during the 3rd quarter worth about $103,000. Almanack Investment Partners LLC. bought a new stake in Costco Wholesale during the 2nd quarter worth about $101,000. Shamrock Asset Management LLC grew its position in shares of Costco Wholesale by 171.3% during the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after buying an additional 418 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Costco Wholesale during the 2nd quarter worth about $107,000. 70.91% of the stock is owned by hedge funds and other institutional investors.

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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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