Somewhat Critical Press Coverage Somewhat Unlikely to Impact Costco Wholesale Corporation (COST) Share Price
Media headlines about Costco Wholesale Corporation (NASDAQ:COST) have trended somewhat negative on Wednesday, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Costco Wholesale Corporation earned a news impact score of -0.05 on Accern’s scale. Accern also assigned press coverage about the retailer an impact score of 43.5310317701833 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Cowen sees Costco running to new highs – Seeking Alpha (seekingalpha.com)
- Costco Shareholders Can Sleep Well At Night – Seeking Alpha (seekingalpha.com)
- Costco: Stop Worrying About Amazon Already! (finance.yahoo.com)
- Costco Dumps Trucking Company Accused of Labor Abuses (finance.yahoo.com)
- Costco Wholesale Corporation (COST) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
Costco Wholesale Corporation (COST) opened at 153.56 on Wednesday. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18. The stock’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.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, August 16th. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.30%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is 34.66%.
COST has been the subject of several recent analyst reports. Northcoast Research upgraded shares of Costco Wholesale Corporation from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Tuesday, June 20th. Stifel Nicolaus reiterated a “buy” rating on shares of Costco Wholesale Corporation in a report on Friday, July 7th. BMO Capital Markets cut shares of Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $185.00 to $160.00 in a report on Monday, July 10th. Goldman Sachs Group, Inc. (The) cut shares of Costco Wholesale Corporation from a “conviction-buy” rating to a “neutral” rating and decreased their price objective for the company from $197.00 to $176.00 in a report on Friday, June 16th. Finally, BidaskClub cut shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $179.92.
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In other news, insider Daniel M. Hines sold 5,000 shares of Costco Wholesale Corporation stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $181.32, for a total transaction of $906,600.00. Following the sale, the insider now directly owns 28,786 shares in the company, valued at approximately $5,219,477.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $160.28, for a total value of $160,280.00. Following the sale, the director now owns 5,974 shares in the company, valued at $957,512.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,000 shares of company stock worth $2,677,430. Company insiders own 0.74% of the company’s stock.
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.
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