Insider Selling: Costco Wholesale VP Unloads 5,439 Shares of Stock (COST)
Costco Wholesale (NASDAQ:COST) VP Timothy L. Rose sold 5,439 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $121.50, for a total transaction of $660,838.50. Following the completion of the sale, the vice president now directly owns 31,140 shares of the company’s stock, valued at approximately $3,783,510. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Costco Wholesale (NASDAQ:COST) traded down 0.06% during mid-day trading on Friday, hitting $121.55. The stock had a trading volume of 779,084 shares. Costco Wholesale has a one year low of $109.50 and a one year high of $126.12. The stock has a 50-day moving average of $118.2 and a 200-day moving average of $115.4. The company has a market cap of $53.275 billion and a price-to-earnings ratio of 27.22.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, May 29th. The company reported $1.07 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.09 by $0.02. The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.70 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, analysts predict that Costco Wholesale will post $4.59 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on COST shares. Analysts at S&P Equity Research raised their price target on shares of Costco Wholesale from $459.00 to $473.00 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs upgraded shares of Costco Wholesale from a “neutral” rating to a “conviction-buy” rating in a research note on Tuesday, July 29th. They now have a $136.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Costco Wholesale in a research note on Tuesday, June 24th. They set an “overweight” rating and a $134.00 price target on the stock. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $159.27.
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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