Costco Wholesale Corporation (COST) VP Dennis R. Zook Sells 5,000 Shares
Costco Wholesale Corporation (NASDAQ:COST) VP Dennis R. Zook sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $161.92, for a total transaction of $809,600.00. Following the sale, the vice president now owns 626 shares of the company’s stock, valued at approximately $101,361.92. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Costco Wholesale Corporation (COST) traded up 0.12% on Tuesday, hitting $162.24. 2,764,187 shares of the company traded hands. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The firm’s 50 day moving average price is $160.84 and its 200 day moving average price is $164.09. The firm has a market capitalization of $70.93 billion, a PE ratio of 26.68 and a beta of 0.94.
Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The company had revenue of $42.30 billion for the quarter, compared to analysts’ expectations of $41.55 billion. During the same period in the previous year, the firm earned $1.77 EPS. The firm’s revenue was up 15.7% compared to the same quarter last year. Equities research analysts predict that Costco Wholesale Corporation will post $6.43 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in COST. Waldron LP bought a new stake in Costco Wholesale Corporation in the 1st quarter worth approximately $223,000. AMG National Trust Bank increased its stake in Costco Wholesale Corporation by 2.7% in the 1st quarter. AMG National Trust Bank now owns 4,496 shares of the retailer’s stock worth $754,000 after acquiring an additional 120 shares during the last quarter. TIAA CREF Trust Co. FSB MO increased its stake in Costco Wholesale Corporation by 4.6% in the 1st quarter. TIAA CREF Trust Co. FSB MO now owns 19,828 shares of the retailer’s stock worth $3,325,000 after acquiring an additional 881 shares during the last quarter. HPM Partners LLC bought a new stake in Costco Wholesale Corporation in the 1st quarter worth approximately $4,071,000. Finally, Checchi Capital Advisers LLC increased its stake in Costco Wholesale Corporation by 7.8% in the 1st quarter. Checchi Capital Advisers LLC now owns 4,594 shares of the retailer’s stock worth $770,000 after acquiring an additional 331 shares during the last quarter. 72.41% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have commented on the stock. UBS AG upgraded shares of Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, June 26th. Sanford C. Bernstein restated a “hold” rating on shares of Costco Wholesale Corporation in a research note on Thursday, July 6th. Cowen and Company restated an “outperform” rating on shares of Costco Wholesale Corporation in a research note on Monday, July 24th. Stifel Nicolaus set a $173.00 price target on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, Wells Fargo & Company restated a “hold” rating on shares of Costco Wholesale Corporation in a research note on Thursday, August 3rd. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $178.50.
About Costco Wholesale Corporation
Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.
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