Costco Wholesale Corp /new (COST) Files Form 4 Insider Selling : Douglas W Schutt Sells 14,656 Shares

Costco Wholesale Corp /new (COST): Douglas W Schutt , Former Executive VP of Costco Wholesale Corp /new sold 14,656 shares on Jul 11, 2016. The Insider selling transaction was reported by the company on Jul 11, 2016 to the Securities and Exchange Commission. The shares were sold at $166.76 per share for a total value of $2,443,990.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 11, 2016, John D Mckay (Executive Vice President) sold 7,500 shares at $166.58 per share price.On Jul 11, 2016, Richard A Galanti (Executive VP and CFO) sold 2,400 shares at $167.08 per share price.Also, On Mar 28, 2016, Timothy L. Rose (Executive VP) sold 1,777 shares at $151.25 per share price.On Mar 21, 2016, Franz E Lazarus (Executive VP) sold 20,000 shares at $153.43 per share price.

Costco Wholesale Corporation: On Friday, Jul 8, 2016 heightened volatility was witnessed in Costco Wholesale Corporation which led to swings in the share price. The shares opened for trading at $164.84 and hit $166.1 on the upside , eventually ending the session at $165.44, with a gain of 1.06% or 1.74 points. The heightened volatility saw the trading volume jump to 39,32,031 shares. The 52-week high of the share price is $169.73 and the company has a market cap of $72,474 M . The 52-week low of the share price is at $117.03.

Costco Wholesale Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Costco Wholesale Corporation is Upgraded by Goldman to Buy and the brokerage firm has raised the Price Target to $ 175 from a previous price target of $169 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 1, 2016.Costco Wholesale Corporation is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 173 from a previous price target of $169 .The Rating was issued on May 27, 2016.Costco Wholesale Corporation is Initiated by RBC Capital Mkts to Outperform and the brokerage firm has set the Price Target at $169. The Rating was issued on May 3, 2016.

Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico Canada United Kingdom (U.K.) Mexico Japan Australia Spain and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144000 square feet. The Company’s warehouses generally operate on a seven-day 69-hour week. The Company’s product categories include Food Sundries Hardlines Fresh Food Softlines Ancillary and Other. The Company’s online business provides products which include services such as photo processing pharmacy travel business delivery and membership services.

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