COST has been the topic of a number of other research reports. Tigress Financial reiterated a buy rating on shares of Costco Wholesale in a research note on Friday, January 5th. Vetr upgraded shares of Costco Wholesale from a hold rating to a buy rating and set a $200.28 price target on the stock in a research note on Monday, February 5th. Moffett Nathanson initiated coverage on shares of Costco Wholesale in a research note on Monday, December 4th. They set a buy rating on the stock. < Oppenheimer lifted their price target on shares of Costco Wholesale from $180.00 to $210.00 and gave the stock an outperform rating in a research note on Monday, January 8th. Finally, Guggenheim reiterated a hold rating on shares of Costco Wholesale in a research note on Wednesday, November 22nd. Nine analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $190.36.
Costco Wholesale (NASDAQ COST) opened at $181.06 on Monday. Costco Wholesale has a 52-week low of $150.00 and a 52-week high of $199.88. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market cap of $79,355.22, a price-to-earnings ratio of 30.07, a P/E/G ratio of 2.95 and a beta of 0.99.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be paid a $0.50 dividend. The ex-dividend date is Thursday, February 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.10%. Costco Wholesale’s dividend payout ratio is presently 31.80%.
In other news, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $183.26, for a total value of $549,780.00. Following the sale, the director now owns 8,654 shares in the company, valued at approximately $1,585,932.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy L. Rose sold 5,000 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $193.20, for a total transaction of $966,000.00. Following the completion of the sale, the vice president now owns 52,529 shares in the company, valued at approximately $10,148,602.80. The disclosure for this sale can be found here. Insiders sold a total of 91,185 shares of company stock worth $17,408,817 in the last 90 days. 0.58% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in COST. Beach Investment Management LLC. bought a new position in shares of Costco Wholesale in the second quarter valued at about $3,569,000. Aspiriant LLC raised its holdings in shares of Costco Wholesale by 3.2% in the second quarter. Aspiriant LLC now owns 9,708 shares of the retailer’s stock valued at $1,553,000 after buying an additional 302 shares during the last quarter. Hartland & Co. LLC raised its holdings in shares of Costco Wholesale by 2.6% in the second quarter. Hartland & Co. LLC now owns 11,098 shares of the retailer’s stock valued at $1,775,000 after buying an additional 285 shares during the last quarter. Bridgewater Wealth & Financial Management LLC raised its holdings in shares of Costco Wholesale by 20.6% in the second quarter. Bridgewater Wealth & Financial Management LLC now owns 1,754 shares of the retailer’s stock valued at $281,000 after buying an additional 300 shares during the last quarter. Finally, WCM Investment Management CA raised its holdings in shares of Costco Wholesale by 22.2% in the second quarter. WCM Investment Management CA now owns 278,498 shares of the retailer’s stock valued at $44,540,000 after buying an additional 50,684 shares during the last quarter. 72.06% of the stock is owned by institutional investors and hedge funds.
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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.
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