Costco Wholesale (NASDAQ:COST) PT Raised to $925.00

Costco Wholesale (NASDAQ:COST) had its price target increased by Evercore ISI from $915.00 to $925.00 in a report published on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the retailer’s stock.

A number of other analysts also recently commented on COST. Tigress Financial upped their price objective on Costco Wholesale from $870.00 to $975.00 and gave the stock a buy rating in a report on Tuesday, June 25th. Telsey Advisory Group restated an outperform rating and set a $925.00 price objective on shares of Costco Wholesale in a report on Tuesday, August 27th. Roth Mkm restated a neutral rating and set a $676.00 price objective (up from $650.00) on shares of Costco Wholesale in a report on Friday, May 31st. TD Cowen upped their price objective on Costco Wholesale from $850.00 to $925.00 and gave the stock a buy rating in a report on Friday, July 12th. Finally, Loop Capital upped their price objective on Costco Wholesale from $940.00 to $970.00 and gave the stock a buy rating in a report on Thursday, July 11th. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $828.73.

Costco Wholesale Trading Down 1.0 %

COST stock opened at $876.68 on Friday. The company has a market cap of $388.66 billion, a price-to-earnings ratio of 54.32, a PEG ratio of 5.98 and a beta of 0.80. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $857.45 and a 200-day simple moving average of $800.74. Costco Wholesale has a 52 week low of $540.23 and a 52 week high of $918.93.

Costco Wholesale Announces Dividend

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

Insider Activity

In other news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the transaction, the director now owns 5,920 shares of the company’s stock, valued at $5,041,057.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the transaction, the director now owns 5,920 shares of the company’s stock, valued at $5,041,057.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard A. Galanti sold 500 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total transaction of $431,940.00. Following the transaction, the executive vice president now directly owns 23,800 shares in the company, valued at approximately $20,560,344. The disclosure for this sale can be found here. Insiders sold 4,974 shares of company stock worth $4,252,856 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Costco Wholesale

Several large investors have recently modified their holdings of COST. Oak Asset Management LLC lifted its holdings in Costco Wholesale by 0.3% in the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock worth $3,737,000 after acquiring an additional 12 shares during the last quarter. Peddock Capital Advisors LLC lifted its holdings in Costco Wholesale by 0.7% in the second quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock worth $1,518,000 after acquiring an additional 12 shares during the last quarter. Bedel Financial Consulting Inc. lifted its holdings in Costco Wholesale by 1.3% in the first quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock worth $729,000 after acquiring an additional 13 shares during the last quarter. Boltwood Capital Management lifted its holdings in Costco Wholesale by 1.7% in the second quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock worth $671,000 after acquiring an additional 13 shares during the last quarter. Finally, LifePro Asset Management lifted its holdings in Costco Wholesale by 3.8% in the second quarter. LifePro Asset Management now owns 358 shares of the retailer’s stock worth $304,000 after acquiring an additional 13 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Company Profile

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.