Insider Selling: Dennis Zook Unloads 10,000 Shares of Costco Wholesale Corp. Stock (COST)
Costco Wholesale Corp. (NASDAQ:COST) VP Dennis Zook sold 10,000 shares of Costco Wholesale Corp. stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $116.37, for a total value of $1,163,700.00. Following the transaction, the vice president now directly owns 37,110 shares in the company, valued at approximately $4,318,491. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Costco Wholesale Corp. (NASDAQ:COST) traded up 0.77% during mid-day trading on Thursday, hitting $118.258. The stock had a trading volume of 2,099,740 shares. Costco Wholesale Corp. has a one year low of $93.51 and a one year high of $120.20. The stock has a 50-day moving average of $115.4 and a 200-day moving average of $112.5. The company has a market cap of $51.649 billion and a P/E ratio of 25.35.
Costco Wholesale Corp. (NASDAQ:COST) last issued its quarterly earnings data on Wednesday, October 9th. The company reported $1.40 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.46 by $0.06. The company had revenue of $31.77 billion for the quarter, compared to the consensus estimate of $32.83 billion. During the same quarter last year, the company posted $1.39 earnings per share. On average, analysts predict that Costco Wholesale Corp. will post $4.99 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on COST shares. Analysts at Zacks reiterated a “neutral” rating on shares of Costco Wholesale Corp. in a research note to investors on Wednesday. They now have a $121.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of Costco Wholesale Corp. from a “hold” rating to a “sell” rating in a research note to investors on Monday. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Costco Wholesale Corp. in a research note to investors on Friday, October 11th. They now have a $103.00 price target on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $118.70.
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.
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