Insider Selling: Costco Wholesale Corp. Director Unloads 8,000 Shares of Stock (COST)
Costco Wholesale Corp. (NASDAQ:COST) Director James Sinegal sold 8,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $118.36, for a total transaction of $946,880.00. Following the transaction, the director now directly owns 938,391 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on COST shares. Analysts at Zacks reiterated a “neutral” rating on shares of Costco Wholesale Corp. (NASDAQ:COST) in a research note to investors on Thursday. They now have a $125.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Costco Wholesale Corp. (NASDAQ:COST) in a research note to investors on Monday, September 9th. They set a “neutral” rating and a $124.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Costco Wholesale Corp. (NASDAQ:COST) from $107.00 to $130.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock.
Eleven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Costco Wholesale Corp. has an average rating of “Buy” and an average target price of $116.67.
Shares of Costco Wholesale Corp. (NASDAQ:COST) traded up 0.27% on Monday, hitting $117.35. 1,782,654 shares of the company’s stock traded hands. Costco Wholesale Corp. has a 1-year low of $93.51 and a 1-year high of $120.20. The stock’s 50-day moving average is $115.0 and its 200-day moving average is $110.6. The company has a market cap of $51.245 billion and a P/E ratio of 25.31.
Costco Wholesale Corporation (NASDAQ:COST) with its subsidiaries is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, and through majority owned subsidiaries in Taiwan and Korea.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.