Traders sold shares of Costco Wholesale Co. (NASDAQ:COST) on strength during trading on Monday following insider selling activity. $35.67 million flowed into the stock on the tick-up and $61.85 million flowed out of the stock on the tick-down, for a money net flow of $26.18 million out of the stock. Of all stocks tracked, Costco Wholesale had the 27th highest net out-flow for the day. Costco Wholesale traded up $0.13 for the day and closed at $166.15Specifically, VP Paul G. Moulton sold 14,189 shares of Costco Wholesale stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $161.98, for a total transaction of $2,298,334.22. Following the sale, the vice president now directly owns 52,604 shares in the company, valued at approximately $8,520,795.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David S. Petterson sold 700 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, December 28th. The stock was sold at an average price of $161.13, for a total value of $112,791.00. Following the sale, the insider now owns 20,926 shares in the company, valued at $3,371,806.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 151,017 shares of company stock worth $24,985,408. Company insiders own 0.74% of the company’s stock.
Several equities research analysts have issued reports on the company. Wells Fargo & Co restated a “hold” rating on shares of Costco Wholesale in a report on Monday, March 20th. Robert W. Baird set a $200.00 price objective on Costco Wholesale and gave the stock a “buy” rating in a report on Thursday, March 16th. Jefferies Group LLC set a $156.00 price objective on Costco Wholesale and gave the stock a “hold” rating in a report on Monday, March 6th. Citigroup Inc lifted their price objective on Costco Wholesale from $184.00 to $196.00 and gave the stock a “buy” rating in a report on Monday, March 6th. Finally, Vetr upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $177.50 price objective on the stock in a report on Monday, March 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $178.69.
The firm has a market capitalization of $72.93 billion, a P/E ratio of 30.65 and a beta of 0.89. The stock has a 50-day moving average price of $170.61 and a 200 day moving average price of $158.71.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, March 2nd. The retailer reported $1.17 EPS for the quarter, missing the consensus estimate of $1.36 by $0.19. The firm earned $29.77 billion during the quarter, compared to analyst estimates of $29.75 billion. Costco Wholesale had a net margin of 2.02% and a return on equity of 20.06%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $1.24 EPS. Equities research analysts expect that Costco Wholesale Co. will post $5.63 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. Peddock Capital Advisors LLC purchased a new position in Costco Wholesale during the third quarter valued at approximately $181,000. Klingman & Associates LLC boosted its position in Costco Wholesale by 25.8% in the third quarter. Klingman & Associates LLC now owns 1,218 shares of the retailer’s stock valued at $186,000 after buying an additional 250 shares during the period. New Capital Management LP purchased a new position in Costco Wholesale during the fourth quarter valued at approximately $201,000. Alpha Windward LLC boosted its position in Costco Wholesale by 0.7% in the third quarter. Alpha Windward LLC now owns 1,332 shares of the retailer’s stock valued at $203,000 after buying an additional 9 shares during the period. Finally, Silicon Valley Capital Partners purchased a new position in Costco Wholesale during the third quarter valued at approximately $203,000. 73.12% of the stock is owned by hedge funds and other 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.
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