Costco Wholesale Co. (COST) VP Timothy L. Rose Sells 5,000 Shares

Costco Wholesale Co. (NASDAQ:COST) VP Timothy L. Rose sold 5,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $193.20, for a total transaction of $966,000.00. Following the completion of the sale, the vice president now directly owns 52,529 shares of the company’s stock, valued at approximately $10,148,602.80. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Costco Wholesale Co. (COST) traded up $3.96 during midday trading on Thursday, reaching $189.38. 4,670,700 shares of the company’s stock traded hands, compared to its average volume of 3,170,000. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57. Costco Wholesale Co. has a 1-year low of $150.00 and a 1-year high of $195.35. The company has a market cap of $83,170.00, a price-to-earnings ratio of 30.11, a PEG ratio of 3.12 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 EPS 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 business had revenue of $31.81 billion during the quarter, compared to analyst estimates of $31.01 billion. During the same period in the prior year, the business earned $1.24 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. research analysts expect that Costco Wholesale Co. will post 6.59 EPS for the current year.

Several institutional investors have recently modified their holdings of the stock. Rowland & Co. Investment Counsel ADV increased its stake in shares of Costco Wholesale by 10.4% in the 4th quarter. Rowland & Co. Investment Counsel ADV now owns 3,873 shares of the retailer’s stock worth $723,000 after acquiring an additional 365 shares in the last quarter. Sawyer & Company Inc bought a new position in shares of Costco Wholesale in the 4th quarter worth about $156,000. Rockland Trust Co. bought a new position in shares of Costco Wholesale in the 4th quarter worth about $246,000. Stock Yards Bank & Trust Co. increased its stake in shares of Costco Wholesale by 300.9% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 37,818 shares of the retailer’s stock worth $7,039,000 after acquiring an additional 28,385 shares in the last quarter. Finally, Trust Co increased its stake in shares of Costco Wholesale by 6.9% in the 3rd quarter. Trust Co now owns 5,741 shares of the retailer’s stock worth $943,000 after acquiring an additional 369 shares in the last quarter. Institutional investors own 70.91% of the company’s stock.

A number of equities research analysts have recently issued reports on COST shares. Citigroup upped their price objective on shares of Costco Wholesale from $155.00 to $187.00 and gave the company a “hold” rating in a research note on Friday, October 6th. Morgan Stanley cut shares of Costco Wholesale from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $190.00 to $165.00 in a research note on Friday, October 6th. Zacks Investment Research cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Friday, October 20th. Finally, Wells Fargo & Co set a $170.00 price objective on shares of Costco Wholesale and gave the company a “hold” rating in a research note on Thursday, October 5th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $188.90.

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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.

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