Costco Wholesale Co. (COST) Director James D. Sinegal Sells 30,000 Shares

Costco Wholesale Co. (NASDAQ:COST) Director James D. Sinegal sold 30,000 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $192.06, for a total transaction of $5,761,800.00. Following the completion of the sale, the director now directly owns 746,209 shares of the company’s stock, valued at $143,316,900.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Costco Wholesale Co. (COST) traded up $0.15 during trading on Friday, hitting $191.66. 901,164 shares of the stock traded hands, compared to its average volume of 2,820,000. The firm has a market capitalization of $84,170.00, a P/E ratio of 30.47, a price-to-earnings-growth ratio of 3.17 and a beta of 0.98. 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 twelve month low of $150.00 and a twelve month high of $195.35.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.01. The business had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. Costco Wholesale’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $1.24 earnings per share. analysts anticipate that Costco Wholesale Co. will post 6.66 earnings per share for the current year.

A number of analysts have recently issued reports on the stock. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price target for the company in a research report on Friday, January 12th. Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 price target on shares of Costco Wholesale in a research report on Friday, January 12th. Oppenheimer increased their price target on shares of Costco Wholesale from $180.00 to $210.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. Tigress Financial reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Friday, January 5th. Finally, Vetr raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price objective on the stock in a research report on Thursday, January 4th. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $188.90.

Hedge funds have recently modified their holdings of the stock. Wealthcare Advisory Partners LLC bought a new position in Costco Wholesale in the third quarter worth $102,000. Jacobus Wealth Management Inc. bought a new position in shares of Costco Wholesale during the third quarter valued at $103,000. Almanack Investment Partners LLC. bought a new position in shares of Costco Wholesale during the second quarter valued at $101,000. Shamrock Asset Management LLC lifted its holdings in shares of Costco Wholesale by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after acquiring an additional 418 shares during the period. Finally, Northwest Investment Counselors LLC bought a new position in shares of Costco Wholesale during the second quarter valued at $107,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

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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.

Insider Buying and Selling by Quarter for Costco Wholesale (NASDAQ:COST)

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