Russell D. Miller Sells 12,393 Shares of Costco Wholesale Co. (COST) Stock

Costco Wholesale Co. (NASDAQ:COST) insider Russell D. Miller sold 12,393 shares of the firm’s stock in a transaction dated Thursday, April 19th. The stock was sold at an average price of $194.12, for a total transaction of $2,405,729.16. Following the completion of the sale, the insider now owns 1 shares of the company’s stock, valued at $194.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of COST traded down $1.40 on Thursday, hitting $195.11. 2,427,423 shares of the stock traded hands, compared to its average volume of 2,510,353. The company has a market capitalization of $86,008.77, a P/E ratio of 33.52, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. The company has a quick ratio of 0.44, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. Costco Wholesale Co. has a one year low of $150.00 and a one year high of $199.88.

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Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Wednesday, March 7th. The retailer reported $1.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.03). The firm had revenue of $33 billion for the quarter, compared to the consensus estimate of $32.73 billion. Costco Wholesale had a net margin of 2.18% and a return on equity of 24.74%. Costco Wholesale’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the business earned $1.17 EPS. sell-side analysts expect that Costco Wholesale Co. will post 6.77 EPS for the current year.



Several institutional investors and hedge funds have recently made changes to their positions in the stock. AXA grew its position in Costco Wholesale by 0.7% in the 4th quarter. AXA now owns 709,666 shares of the retailer’s stock worth $132,083,000 after purchasing an additional 4,884 shares during the period. Douglass Winthrop Advisors LLC grew its position in Costco Wholesale by 0.7% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 227,773 shares of the retailer’s stock worth $42,393,000 after purchasing an additional 1,634 shares during the period. Fieldpoint Private Securities LLC grew its position in Costco Wholesale by 55.4% in the 4th quarter. Fieldpoint Private Securities LLC now owns 3,185 shares of the retailer’s stock worth $593,000 after purchasing an additional 1,135 shares during the period. State of Wisconsin Investment Board grew its position in Costco Wholesale by 3.2% in the 3rd quarter. State of Wisconsin Investment Board now owns 511,728 shares of the retailer’s stock worth $84,072,000 after purchasing an additional 16,066 shares during the period. Finally, LPL Financial LLC grew its position in Costco Wholesale by 20.4% in the 4th quarter. LPL Financial LLC now owns 203,844 shares of the retailer’s stock worth $37,939,000 after purchasing an additional 34,517 shares during the period. 72.95% of the stock is owned by institutional investors.

COST has been the subject of several research analyst reports. BidaskClub upgraded shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 28th. Tigress Financial restated a “buy” rating on shares of Costco Wholesale in a report on Friday, January 5th. Vetr upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price objective for the company in a report on Monday, February 5th. Oppenheimer raised their price objective on shares of Costco Wholesale from $180.00 to $210.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Finally, BMO Capital Markets set a $223.00 price objective on shares of Costco Wholesale and gave the stock a “buy” rating in a report on Wednesday, January 24th. Eight analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $192.14.

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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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