Paul G. Moulton Sells 6,985 Shares of Costco Wholesale Co. (NASDAQ:COST) Stock

Costco Wholesale Co. (NASDAQ:COST) VP Paul G. Moulton sold 6,985 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $187.92, for a total value of $1,312,621.20. Following the completion of the transaction, the vice president now owns 45,248 shares of the company’s stock, valued at $8,503,004.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Costco Wholesale Co. (COST) opened at $191.53 on Wednesday. The firm has a market capitalization of $84,120.00, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 3.18 and a beta of 0.98. 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 fifty-two week low of $150.00 and a fifty-two week 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 for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The firm had revenue of $31.81 billion during the quarter, compared to analysts’ expectations of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 EPS. equities research analysts anticipate that Costco Wholesale Co. will post 6.61 earnings per share for the current fiscal year.

Several research analysts have recently commented on COST shares. Citigroup lifted their target price on Costco Wholesale from $155.00 to $187.00 and gave the stock a “hold” rating in a research note on Friday, October 6th. Morgan Stanley downgraded Costco Wholesale from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $190.00 to $165.00 in a research note on Friday, October 6th. Oppenheimer reiterated a “buy” rating on shares of Costco Wholesale in a research note on Friday, October 20th. Wells Fargo & Co set a $170.00 target price on Costco Wholesale and gave the stock a “hold” rating in a research note on Thursday, October 5th. Finally, BMO Capital Markets upgraded Costco Wholesale from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $192.73 to $215.00 in a research note on Monday, December 18th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $188.90.

Institutional investors have recently bought and sold shares of the company. Almanack Investment Partners LLC. acquired a new position in shares of Costco Wholesale during the 2nd quarter worth $101,000. Wealthcare Advisory Partners LLC bought a new stake in Costco Wholesale during the 3rd quarter worth $102,000. Jacobus Wealth Management Inc. bought a new stake in Costco Wholesale during the 3rd quarter worth $103,000. Northwest Investment Counselors LLC bought a new stake in Costco Wholesale during the 2nd quarter worth $107,000. Finally, Shamrock Asset Management LLC grew its position in Costco Wholesale by 171.3% during the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after acquiring an additional 418 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

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Costco Wholesale Company Profile

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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