1 day Ago By ABMN Staff
Costco Wholesale Co. ( NASDAQ:COST – Get Free Report ) has earned an average rating of “Moderate Buy” from the twenty-seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and nineteen have assigned a buy recommendation to the company.
The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $844.52. COST has been the subject of a number of recent analyst reports.
Morgan Stanley increased their target price on shares of Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a research report on Monday, September 9th.
Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective on the stock in a research note on Thursday, August 8th. Loop Capital boosted their target price on Costco Wholesale from $970.
00 to $975.00 and gave the stock a “buy” rating in a report on Friday, September 6th. BMO Capital Markets increased their price target on Costco Wholesale from $875.
00 to $950.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Finally, Roth Mkm reissued a “neutral” rating and issued a $676.
00 price objective (up previously from $650.00) on shares of Costco Wholesale in a research note on Friday, May 31st. Check Out Our Latest Report on Costco Wholesale Costco Wholesale Trading Down 0.
5 % Costco Wholesale Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a $1.16 dividend.
The ex-dividend date was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.
52%. Costco Wholesale’s payout ratio is currently 28.75%.
Insider Activity In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $844.
20, for a total transaction of $1,266,300.00. Following the transaction, the insider now owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.
40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink . In other news, Director Susan L.
Decker sold 620 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.
00. Following the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . Also, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction on Friday, July 12th.
The shares were sold at an average price of $844.20, for a total value of $1,266,300.00.
Following the sale, the insider now directly owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The disclosure for this sale can be found here .
Over the last quarter, insiders have sold 4,974 shares of company stock worth $4,252,856. 0.18% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Costco Wholesale A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Zhang Financial LLC raised its position in Costco Wholesale by 3.8% during the first quarter.
Zhang Financial LLC now owns 1,010 shares of the retailer’s stock valued at $740,000 after acquiring an additional 37 shares in the last quarter. Strong Tower Advisory Services increased its stake in shares of Costco Wholesale by 7.9% during the 1st quarter.
Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock worth $1,346,000 after purchasing an additional 137 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Costco Wholesale during the 4th quarter valued at $3,871,000. J.
W. Cole Advisors Inc. lifted its stake in shares of Costco Wholesale by 52.
1% in the 2nd quarter. J.W.
Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock valued at $6,499,000 after purchasing an additional 2,620 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in Costco Wholesale by 22.
8% in the second quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock worth $3,003,000 after purchasing an additional 656 shares in the last quarter. 68.
48% of the stock is owned by hedge funds and other institutional investors. About Costco Wholesale ( Get Free Report Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.
See Also Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter ..
