Costco Wholesale Corp. Insider Unloads $292,725 in Stock (COST)
Costco Wholesale Corp. (NASDAQ:COST) Insider David Petterson sold 2,500 shares of Costco Wholesale Corp. stock on the open market in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $117.09, for a total transaction of $292,725.00. Following the sale, the insider now directly owns 43,939 shares of the company’s stock, valued at approximately $5,144,818. The sale was disclosed in a document filed with the SEC, which is available at this link.
Costco Wholesale Corp. (NASDAQ:COST) traded down 0.77% during mid-day trading on Thursday, hitting $116.256. The stock had a trading volume of 1,818,031 shares. 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 $110.4. The company has a market cap of $50.795 billion and a price-to-earnings ratio of 25.30.
Costco Wholesale Corp. (NASDAQ:COST) last issued its quarterly earnings data 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 $4.98 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, October 16th. 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, October 14th. 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 given a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average 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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