Insider Selling: James Sinegal Unloads 8,000 Shares of Costco Wholesale Corp. Stock (COST)
Costco Wholesale Corp. (NASDAQ:COST) Director James Sinegal sold 8,000 shares of Costco Wholesale Corp. stock on the open market in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $115.76, for a total transaction of $926,080.00. Following the completion of the transaction, the director now directly owns 930,391 shares of the company’s stock, valued at approximately $107,702,062. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of 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’s 50-day moving average is $115.4 and its 200-day moving average is $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 posted its quarterly earnings results on Wednesday, October 9th. The company reported $1.40 EPS for the quarter, missing the Thomson Reuters 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 in the prior 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 research firms have recently commented on COST. 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 equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target 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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