Director Susan Decker sold 620 shares of Costco Wholesale Corp (NASDAQ:COST) on August 15, 2024, according to a recent SEC filing. Following this transaction, the insider now owns 11,774,936 shares of the company’s stock.
Costco Wholesale Corp operates member warehouses that offer a selection of name-brand and private label products in a range of merchandise categories. The company offers its members low prices on a limited selection of national brands and select private label products in a wide range of merchandise categories.
Over the past year, Susan Decker has sold a total of 2,062 shares of the company’s stock and made no purchases. The recent transaction is part of a broader trend within the company, where there have been 22 insider sales and no insider purchases over the past year.
Costco Wholesale Corp shares were trading at $876.5 on the day of the transaction. The company has a market capitalization of approximately $388.995 billion. The stock’s price-to-earnings ratio is 54.36, well above the industry average of 16.55.
The stock is currently considered significantly overvalued with a price to GF Value ratio of 1.43 based on a GF Value of $611.04. The GF Value is calculated by taking into account historical trading multiples, an adjustment factor based on past earnings and growth, and estimates of future business performance.
This insider sale could be of interest to investors who track insider behavior and evaluate stock valuation metrics such as the price-to-sales ratio, the price-to-book ratio, and the price-to-free cash flow ratio.
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