Costco Wholesale Co. (COST) Director Sells $561,690.00 in Stock
Costco Wholesale Co. (NASDAQ:COST) Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $187.23, for a total transaction of $561,690.00. Following the completion of the sale, the director now directly owns 8,654 shares in the company, valued at $1,620,288.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Costco Wholesale Co. (NASDAQ:COST) traded up $2.20 on Wednesday, reaching $188.32. 2,509,300 shares of the company’s stock traded hands, compared to its average volume of 2,268,800. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 1 year low of $150.00 and a 1 year high of $195.35. The firm has a market capitalization of $83,940.00, a P/E ratio of 29.94, a price-to-earnings-growth ratio of 3.13 and a beta of 0.98.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The firm had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis. analysts forecast that Costco Wholesale Co. will post 6.52 earnings per share for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its stake in shares of Costco Wholesale by 3,005.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock worth $668,630,000 after acquiring an additional 4,046,164 shares in the last quarter. Harbour Capital Advisors LLC grew its stake in shares of Costco Wholesale by 15,937.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock worth $9,058,000 after acquiring an additional 1,439,613 shares in the last quarter. Capital World Investors grew its stake in shares of Costco Wholesale by 6.0% in the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after acquiring an additional 1,007,720 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Costco Wholesale by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after acquiring an additional 937,121 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Costco Wholesale by 14.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock worth $1,118,138,000 after acquiring an additional 858,969 shares in the last quarter. Hedge funds and other institutional investors own 70.88% of the company’s stock.
About Costco Wholesale
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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