Insider Selling: Costco Wholesale Corp. Director Sells 4,000 Shares of Stock (COST)
Costco Wholesale Corp. (NASDAQ:COST) Director James D. Sinegal sold 4,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $116.07, for a total transaction of $464,280.00. Following the completion of the transaction, the director now directly owns 908,048 shares of the company’s stock, valued at approximately $105,397,131. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Costco Wholesale Corp. (NASDAQ:COST) traded up 0.61% during mid-day trading on Friday, hitting $116.27. The stock had a trading volume of 2,063,772 shares. Costco Wholesale Corp. has a 1-year low of $98.95 and a 1-year high of $126.12. The stock’s 50-day moving average is $118.7 and its 200-day moving average is $117.. The company has a market cap of $51.126 billion and a P/E ratio of 24.92.
Costco Wholesale Corp. (NASDAQ:COST) last posted its quarterly earnings results on Wednesday, December 11th. The company reported $0.96 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.03 by $0.07. The company had revenue of $24.47 billion for the quarter, compared to the consensus estimate of $25.41 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts predict that Costco Wholesale Corp. will post $4.86 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Costco Wholesale Corp. in a research note to investors on Thursday, December 12th. They now have a $124.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Costco Wholesale Corp. from $125.00 to $130.00 in a research note to investors on Thursday, December 12th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Costco Wholesale Corp. in a research note to investors on Friday, November 15th. They now have a $132.00 price target on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $121.21.
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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