Costco Wholesale Co. (NASDAQ:COST) VP James P. Murphy Sells 2,500 Shares

Costco Wholesale Co. (NASDAQ:COSTGet Rating) VP James P. Murphy sold 2,500 shares of the stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $464.00, for a total transaction of $1,160,000.00. Following the transaction, the vice president now directly owns 37,730 shares of the company’s stock, valued at approximately $17,506,720. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ:COST traded up $12.65 during midday trading on Thursday, reaching $472.61. The stock had a trading volume of 38,038 shares, compared to its average volume of 2,901,103. The firm has a fifty day simple moving average of $496.50 and a two-hundred day simple moving average of $522.53. Costco Wholesale Co. has a 12-month low of $390.59 and a 12-month high of $612.27. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 0.32. The stock has a market cap of $209.35 billion, a P/E ratio of 36.22, a P/E/G ratio of 3.87 and a beta of 0.71.

Costco Wholesale (NASDAQ:COSTGet Rating) last issued its earnings results on Thursday, May 26th. The retailer reported $3.04 EPS for the quarter, topping the consensus estimate of $3.03 by $0.01. The company had revenue of $52.60 billion for the quarter, compared to analyst estimates of $51.49 billion. Costco Wholesale had a net margin of 2.60% and a return on equity of 29.71%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.75 EPS. On average, sell-side analysts anticipate that Costco Wholesale Co. will post 13.02 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 13th. Stockholders of record on Friday, April 29th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, April 28th. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.79. Costco Wholesale’s payout ratio is 28.35%.

Large investors have recently added to or reduced their stakes in the company. Phocas Financial Corp. grew its holdings in Costco Wholesale by 7.0% in the 3rd quarter. Phocas Financial Corp. now owns 1,536 shares of the retailer’s stock valued at $690,000 after buying an additional 100 shares during the period. Captrust Financial Advisors grew its holdings in Costco Wholesale by 6.6% in the 3rd quarter. Captrust Financial Advisors now owns 73,591 shares of the retailer’s stock valued at $33,068,000 after buying an additional 4,548 shares during the period. Summit Trail Advisors LLC purchased a new stake in Costco Wholesale in the 3rd quarter valued at about $222,000. Capstone Triton Financial Group LLC grew its holdings in Costco Wholesale by 12.3% in the 3rd quarter. Capstone Triton Financial Group LLC now owns 1,473 shares of the retailer’s stock valued at $722,000 after buying an additional 161 shares during the period. Finally, Studio Investment Management LLC purchased a new stake in Costco Wholesale in the 3rd quarter valued at about $241,000. 67.52% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on COST. Credit Suisse Group reduced their price target on shares of Costco Wholesale from $570.00 to $550.00 and set a “neutral” rating on the stock in a research report on Friday, May 27th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Costco Wholesale from $530.00 to $525.00 in a research report on Wednesday, May 25th. The Goldman Sachs Group increased their price target on shares of Costco Wholesale from $561.00 to $627.00 and gave the stock a “buy” rating in a research report on Thursday, April 7th. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Finally, Telsey Advisory Group reduced their price target on shares of Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating on the stock in a research report on Friday, May 27th. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $569.56.

About Costco Wholesale (Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

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