Costco Wholesale Co. (NASDAQ:COST) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Costco Wholesale Co. (NASDAQ:COST) have received an average rating of “Moderate Buy” from the twenty-seven research firms that are presently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $1,013.59.

COST has been the topic of several research reports. Truist Financial lifted their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Morgan Stanley raised their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. TD Cowen upped their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Tigress Financial reissued a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Finally, Stifel Nicolaus raised their target price on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th.

Costco Wholesale Trading Down 0.3 %

NASDAQ:COST opened at $942.16 on Friday. The company has a 50-day moving average price of $950.56 and a 200-day moving average price of $903.04. The stock has a market cap of $418.22 billion, a price-to-earnings ratio of 55.32, a P/E/G ratio of 5.65 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale has a 12 month low of $675.96 and a 12 month high of $1,008.25.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in COST. Charles Schwab Investment Management Inc. lifted its holdings in shares of Costco Wholesale by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after acquiring an additional 32,074 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in shares of Costco Wholesale by 62.8% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after purchasing an additional 932 shares during the last quarter. Hudson Value Partners LLC boosted its holdings in shares of Costco Wholesale by 7.6% in the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after purchasing an additional 568 shares during the period. Nwam LLC bought a new position in shares of Costco Wholesale during the 3rd quarter valued at approximately $20,056,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in Costco Wholesale during the 4th quarter valued at $8,430,000. Institutional investors own 68.48% of the company’s stock.

About Costco Wholesale

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.