Costco Wholesale (NASDAQ:COST) PT Raised to $915.00 at Stifel Nicolaus

Costco Wholesale (NASDAQ:COST) had its price objective upped by Stifel Nicolaus from $910.00 to $915.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the retailer’s stock.

A number of other equities research analysts have also recently weighed in on the company. Argus lifted their price objective on Costco Wholesale from $805.00 to $900.00 and gave the company a buy rating in a research note on Tuesday, May 28th. TD Cowen lifted their target price on Costco Wholesale from $850.00 to $925.00 and gave the company a buy rating in a research report on Friday, July 12th. Barclays boosted their price target on shares of Costco Wholesale from $765.00 to $830.00 and gave the stock an equal weight rating in a research note on Thursday, July 11th. Citigroup raised their price objective on shares of Costco Wholesale from $710.00 to $800.00 and gave the company a neutral rating in a research note on Friday, May 31st. Finally, Truist Financial upped their target price on shares of Costco Wholesale from $815.00 to $873.00 and gave the stock a buy rating in a research note on Friday, May 31st. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $828.73.

Costco Wholesale Trading Down 1.0 %

COST opened at $876.68 on Friday. The business’s 50 day moving average price is $857.45 and its 200 day moving average price is $799.68. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The stock has a market capitalization of $388.66 billion, a PE ratio of 54.32, a P/E/G ratio of 5.98 and a beta of 0.80. Costco Wholesale has a one year low of $540.23 and a one year high of $918.93.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a $1.16 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 annualized dividend and a yield of 0.53%. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

Insider Activity

In other news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the sale, the director now owns 5,920 shares in the company, valued at $5,041,057.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the sale, the director now owns 5,920 shares in the company, valued at $5,041,057.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,974 shares of company stock valued at $4,252,856. Insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Costco Wholesale

Institutional investors and hedge funds have recently made changes to their positions in the stock. Frank Rimerman Advisors LLC acquired a new position in Costco Wholesale during the fourth quarter worth about $26,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale in the first quarter valued at about $32,000. Financial Connections Group Inc. increased its stake in shares of Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after purchasing an additional 39 shares in the last quarter. Vima LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $34,000. Finally, DSM Capital Partners LLC purchased a new stake in Costco Wholesale in the 4th quarter valued at approximately $36,000. 68.48% of the stock is owned by institutional investors and hedge funds.

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.