BMO Capital Markets set a $160.00 price objective on Costco Wholesale Corporation (NASDAQ:COST) in a research note released on Tuesday. The firm currently has a hold rating on the retailer’s stock.

Several other equities research analysts have also recently issued reports on the stock. Cowen and Company reiterated an outperform rating and set a $182.00 price objective (up previously from $180.00) on shares of Costco Wholesale Corporation in a research report on Tuesday. Robert W. Baird reiterated a buy rating and set a $200.00 price objective on shares of Costco Wholesale Corporation in a research report on Friday, August 25th. Oppenheimer Holdings, Inc. reiterated a buy rating on shares of Costco Wholesale Corporation in a research report on Thursday, August 24th. Vetr upgraded shares of Costco Wholesale Corporation from a buy rating to a strong-buy rating and set a $182.22 price objective on the stock in a research report on Monday, August 21st. Finally, Wells Fargo & Company reiterated a hold rating on shares of Costco Wholesale Corporation in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $179.92.

Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at 153.56 on Tuesday. The company’s 50 day moving average is $155.03 and its 200 day moving average is $167.02. The firm has a market cap of $67.35 billion, a price-to-earnings ratio of 26.66 and a beta of 0.93. Costco Wholesale Corporation has a 52-week low of $142.11 and a 52-week high of $183.18.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This is a positive change from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.30%. Costco Wholesale Corporation’s dividend payout ratio is 34.66%.

In related news, insider John D. Mckay sold 3,000 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $181.60, for a total value of $544,800.00. Following the completion of the sale, the insider now directly owns 62,607 shares of the company’s stock, valued at $11,369,431.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel M. Hines sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $181.32, for a total transaction of $906,600.00. Following the completion of the sale, the insider now directly owns 28,786 shares of the company’s stock, valued at $5,219,477.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,000 shares of company stock valued at $2,677,430. 0.74% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in COST. Westside Investment Management Inc. raised its stake in Costco Wholesale Corporation by 0.3% in the second quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock worth $168,000 after buying an additional 3 shares during the period. Brightworth raised its stake in Costco Wholesale Corporation by 0.3% in the second quarter. Brightworth now owns 1,334 shares of the retailer’s stock worth $213,000 after buying an additional 4 shares during the period. Pioneer Trust Bank N A OR raised its stake in Costco Wholesale Corporation by 0.4% in the second quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock worth $266,000 after buying an additional 7 shares during the period. SVA Plumb Wealth Management LLC raised its stake in Costco Wholesale Corporation by 0.3% in the second quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock worth $404,000 after buying an additional 7 shares during the period. Finally, Cetera Investment Advisers raised its stake in Costco Wholesale Corporation by 0.5% in the second quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock worth $223,000 after buying an additional 7 shares during the period. 72.51% of the stock is owned by institutional investors.

Costco Wholesale Corporation Company Profile

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.

Analyst Recommendations for Costco Wholesale Corporation (NASDAQ:COST)

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