Costco Wholesale’s (COST) “Buy” Rating Reiterated at Robert W. Baird
A number of other research analysts have also recently commented on the stock. Jefferies Group restated a hold rating on shares of Costco Wholesale in a report on Thursday. Moffett Nathanson began coverage on shares of Costco Wholesale in a report on Monday, December 4th. They issued a buy rating on the stock. < J P Morgan Chase & Co restated a buy rating and issued a $200.00 price target on shares of Costco Wholesale in a report on Monday, December 4th. Vetr cut shares of Costco Wholesale from a hold rating to a sell rating and set a $175.44 price target on the stock. in a report on Friday, December 1st. Finally, Oppenheimer restated a buy rating on shares of Costco Wholesale in a report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $186.24.
Costco Wholesale (NASDAQ:COST) opened at $192.38 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. The company has a market cap of $84,221.08, a PE ratio of 32.07, a PEG ratio of 3.12 and a beta of 0.98. Costco Wholesale has a 1-year low of $150.00 and a 1-year high of $195.35.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, November 16th. Costco Wholesale’s payout ratio is 31.80%.
In other Costco Wholesale news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $164.92, for a total transaction of $164,920.00. Following the completion of the sale, the director now directly owns 6,974 shares of the company’s stock, valued at $1,150,152.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard M. Libenson sold 2,350 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $162.00, for a total transaction of $380,700.00. Following the sale, the director now directly owns 4,109 shares of the company’s stock, valued at $665,658. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,842 shares of company stock valued at $5,520,848. Insiders own 0.74% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC purchased a new position in shares of Costco Wholesale in the 3rd quarter valued at approximately $102,000. Jacobus Wealth Management Inc. purchased a new position in Costco Wholesale during the 3rd quarter worth approximately $103,000. Almanack Investment Partners LLC. purchased a new position in Costco Wholesale during the 2nd quarter worth approximately $101,000. Shamrock Asset Management LLC raised its position in Costco Wholesale by 171.3% during the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after buying an additional 418 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in Costco Wholesale during the 2nd quarter worth approximately $107,000. 71.49% of the stock is owned by institutional investors and hedge funds.
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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