Insider Selling: Richard A. Galanti Unloads 6,000 Shares of Costco Wholesale Stock (COST)
Costco Wholesale (NASDAQ:COST) CFO Richard A. Galanti unloaded 6,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $121.16, for a total transaction of $726,960.00. Following the completion of the transaction, the chief financial officer now directly owns 40,100 shares of the company’s stock, valued at approximately $4,858,516. 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 0.02% on Friday, hitting $121.59. 778,031 shares of the company’s stock traded hands. Costco Wholesale has a 1-year low of $109.50 and a 1-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 $53.292 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. Analysts expect that Costco Wholesale will post $4.59 EPS for the current fiscal year.
COST has been the subject of a number of recent research reports. 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 analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Costco Wholesale has a consensus rating of “Buy” and a consensus price target 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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