Costco Wholesale Co. (COST) Insider W Craig Jelinek Sells 22,500 Shares

Costco Wholesale Co. (NASDAQ:COST) insider W Craig Jelinek sold 22,500 shares of the stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $223.52, for a total value of $5,029,200.00. Following the transaction, the insider now directly owns 322,958 shares of the company’s stock, valued at $72,187,572.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Costco Wholesale stock opened at $228.63 on Thursday. Costco Wholesale Co. has a one year low of $159.72 and a one year high of $245.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.46. The firm has a market capitalization of $95.61 billion, a PE ratio of 33.47, a P/E/G ratio of 2.84 and a beta of 0.95.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, October 4th. The retailer reported $2.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.02. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.21%. The company had revenue of $44.41 billion for the quarter, compared to the consensus estimate of $44.17 billion. During the same quarter last year, the business posted $2.08 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. Analysts anticipate that Costco Wholesale Co. will post 7.7 EPS for the current fiscal year.



The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Friday, November 9th will be given a $0.57 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.00%. Costco Wholesale’s dividend payout ratio (DPR) is presently 33.38%.

Several hedge funds have recently modified their holdings of COST. WINTON GROUP Ltd raised its position in shares of Costco Wholesale by 63.1% in the first quarter. WINTON GROUP Ltd now owns 2,984 shares of the retailer’s stock worth $562,000 after buying an additional 1,155 shares in the last quarter. Washington Trust Bank raised its position in shares of Costco Wholesale by 1.0% in the second quarter. Washington Trust Bank now owns 52,476 shares of the retailer’s stock worth $10,966,000 after buying an additional 505 shares in the last quarter. Gulf International Bank UK Ltd raised its position in shares of Costco Wholesale by 3.0% in the second quarter. Gulf International Bank UK Ltd now owns 142,538 shares of the retailer’s stock worth $29,787,000 after buying an additional 4,085 shares in the last quarter. DnB Asset Management AS raised its position in shares of Costco Wholesale by 9.2% in the second quarter. DnB Asset Management AS now owns 69,802 shares of the retailer’s stock worth $14,587,000 after buying an additional 5,900 shares in the last quarter. Finally, IFM Investors Pty Ltd raised its position in shares of Costco Wholesale by 45.8% in the second quarter. IFM Investors Pty Ltd now owns 19,819 shares of the retailer’s stock worth $4,142,000 after buying an additional 6,227 shares in the last quarter. Institutional investors own 71.49% of the company’s stock.

Several equities analysts have weighed in on the company. BidaskClub raised Costco Wholesale from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 23rd. Wells Fargo & Co increased their price objective on Costco Wholesale from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, July 12th. Cowen reissued a “buy” rating and set a $240.00 price objective on shares of Costco Wholesale in a report on Friday, August 10th. Telsey Advisory Group increased their price objective on Costco Wholesale from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Tuesday, August 7th. Finally, Loop Capital raised their price target on Costco Wholesale to $235.00 and gave the stock a “buy” rating in a report on Wednesday, July 11th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Costco Wholesale presently has a consensus rating of “Buy” and a consensus price target of $237.94.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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

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