Following the sale, the insider now directly owns 66,751 shares of the company's stock, valued at $11,533,237.78.
Costco Wholesale Corporation (NASDAQ:COST) are being monitored closely by investors today as the name is now priced at $187.22, a -0.21% difference from where it most recently opened.
Hedge funds and other institutional investors own 73.12% of the company's stock. Mascoma Wealth Management LLC acquired a new stake in Costco Wholesale during the fourth quarter worth approximately $209,000.
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Covington Capital Management increased its position in shares of Costco Wholesale Co. The hedge fund held 5,300 shares of the department and specialty retail stores company at the end of 2017Q2, valued at $848,000, up from 3,100 at the end of the previous reported quarter. Vanguard Group Inc. grew its stake in shares of Costco Wholesale by 2.9% during the second quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer's stock worth $5,380,168,000 after purchasing an additional 937,121 shares during the period. Northwest Investment Counselors LLC acquired a new position in Costco Wholesale during the 2nd quarter valued at about $107,000. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer's stock valued at $266,000 after acquiring an additional 7 shares in the last quarter.
Investors are constantly attempting to find the next great stock to own.
In related news, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $164.52, for a total transaction of $2,796,840.00. Principal Financial Group Inc. now owns 1,221,685 shares of the retailer's stock valued at $195,385,000 after buying an additional 527,746 shares during the last quarter. (NASDAQ:ODP) by 0.42% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Also, VP Timothy L. Rose sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $164.92, for a total value of $164,920.00. The disclosure for this sale can be found here. Following the sale, the vice president now owns 41,396 shares in the company, valued at $6,647,369.68. Costco Wholesale Co. has a fifty-two week low of $150.00 and a fifty-two week high of $191.22. (COST) opened at $187.22 on Thursday.
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Here we'll take a quick glance at how the stock price is now trading in relation to some of its simple moving averages. Costco Wholesale Co. The company has a market cap of $82,835.75, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 3.02 and a beta of 0.98. Piedmont Investment Ltd Com has invested 0.33% in Costco Wholesale Corporation (NASDAQ:COST). The retailer reported $2.08 EPS for the quarter, topping the Zacks' consensus estimate of $2.02 by $0.06. Costco Wholesale had a return on equity of 22.21% and a net margin of 2.08%. The business had revenue of $28.86 billion for the quarter, compared to the consensus estimate of $28.57 billion. During the same period in the previous year, the firm earned $1.77 EPS. sell-side analysts anticipate that Costco Wholesale Co. will post 6.46 earnings per share for the current fiscal year. (NYSE:VZ) news were published by: Usnews.com which released: "Verizon Is Primed For a Big 2018" on November 20, 2017, also Reuters.com with their article: "Verizon close to announcing digital streaming deal with NFL: Bloomberg" published on November 18, 2017, Fool.com published: "Better Buy: AT&T Inc. vs. Verizon Communications" on December 04, 2017. Stockholders of record on Friday, November 17th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.07%. Costco Wholesale's dividend payout ratio is now 32.89%. The stock has been recently separated from the 50-day moving average by 8.19%. On Friday, May 27 the stock rating was maintained by Citigroup with "Neutral". Deutsche Bank maintained Costco Wholesale Corporation (NASDAQ:COST) on Monday, May 16 with "Buy" rating. J P Morgan Chase & Co reaffirmed a "buy" rating and set a $200.00 target price on shares of Costco Wholesale in a research report on Monday. Vetr downgraded shares of Costco Wholesale from a "buy" rating to a "hold" rating and set a $171.07 price objective for the company.in a research note on Monday, November 6th. Finally, Robert W. Baird restated an "outperform" rating and set a $200.00 price target on shares of Costco Wholesale in a report on Monday, September 25th.
Several equities analysts have issued reports on the stock. The stock now has a consensus rating of "Buy" and an average price target of $182.59.
TRADEMARK VIOLATION WARNING: "Strategic Wealth Advisors Group LLC Has $2.24 Million Position in Costco Wholesale Co. (COST)" was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this piece on another publication, it was illegally copied and republished in violation of USA and global trademark & copyright law. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since December 7, 2016 and is uptrending.
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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. It improved, as 64 investors sold COST shares while 376 reduced holdings.