Costco Wholesale Corp. Director Unloads $1,533,785 in Stock (COST)
Costco Wholesale Corp. (NASDAQ:COST) Director Hamilton James unloaded 12,915 shares of Costco Wholesale Corp. stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $118.76, for a total transaction of $1,533,785.40. Following the completion of the sale, the director now directly owns 40,976 shares in the company, valued at approximately $4,866,310. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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 investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the stock. Costco Wholesale Corp. has a consensus rating of “Hold” and a consensus target price of $118.70.
Costco Wholesale Corp. (NASDAQ:COST) traded up 0.60% during mid-day trading on Monday, hitting $120.34. 1,589,212 shares of the company’s stock traded hands. Costco Wholesale Corp. has a 52 week low of $93.51 and a 52 week high of $120.40. The stock’s 50-day moving average is $116.6 and its 200-day moving average is $113.7. The company has a market cap of $52.579 billion and a price-to-earnings ratio of 25.84.
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. Analysts expect that Costco Wholesale Corp. will post $4.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, November 13th.
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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