Costco Wholesale Corporation (NASDAQ:COST) Given Average Rating of “Moderate Buy” by Analysts

Shares of Costco Wholesale Corporation (NASDAQ:COSTGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the thirty-five analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and twenty-two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $1,056.0323.

Several research firms have weighed in on COST. Truist Financial upped their price objective on shares of Costco Wholesale from $977.00 to $1,011.00 and gave the stock a “hold” rating in a report on Friday, May 29th. Mizuho set a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday, June 1st. HC Wainwright reissued a “buy” rating on shares of Costco Wholesale in a research report on Monday, June 1st. JPMorgan Chase & Co. lowered their target price on shares of Costco Wholesale from $1,110.00 to $1,100.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Costco Wholesale in a research report on Monday, June 1st.

Check Out Our Latest Stock Analysis on Costco Wholesale

Insider Activity at Costco Wholesale

In other news, Director Kenneth Denman sold 885 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total value of $847,343.25. Following the transaction, the director owned 4,779 shares in the company, valued at $4,575,653.55. This trade represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Costco Wholesale

A number of institutional investors and hedge funds have recently bought and sold shares of COST. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at about $27,000. Lifetime Wealth Management P.C. purchased a new position in Costco Wholesale during the fourth quarter worth about $28,000. C M Bidwell & Associates Ltd. bought a new stake in Costco Wholesale in the 2nd quarter worth about $28,000. Burk Holdings LLC bought a new stake in Costco Wholesale in the 2nd quarter worth about $30,000. Finally, Manning & Napier Advisors LLC purchased a new stake in Costco Wholesale in the 2nd quarter valued at about $30,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

Shares of COST opened at $901.35 on Friday. Costco Wholesale has a 12-month low of $844.06 and a 12-month high of $1,096.50. The business’s fifty day moving average is $938.54 and its 200 day moving average is $973.21. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. The stock has a market cap of $399.73 billion, a P/E ratio of 45.34, a P/E/G ratio of 3.83 and a beta of 0.86.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, July 24th. Costco Wholesale’s payout ratio is currently 29.58%.

Costco Wholesale News Roundup

Here are the key news stories impacting Costco Wholesale this week:

About Costco Wholesale

(Get Free Report)

Costco Wholesale Corporation operates membership-based warehouse clubs that offer a broad selection of merchandise at generally competitive prices. Its product range includes groceries, fresh foods, apparel, appliances, electronics, furniture, jewelry, hardware, and seasonal goods, along with private-label products sold under the Kirkland Signature brand.

The company also provides a variety of ancillary services, including gasoline stations, pharmacies, optical centers, hearing-aid centers, food courts, tire centers, and travel services.

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Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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