Vetr upgraded shares of Costco Wholesale Corporation (NASDAQ:COST) from a hold rating to a buy rating in a report published on Tuesday, July 11th. Vetr currently has $168.75 price target on the retailer’s stock.

Other equities analysts have also recently issued reports about the stock. Oppenheimer Holdings, Inc. set a $185.00 target price on shares of Costco Wholesale Corporation and gave the company a buy rating in a research note on Saturday, April 1st. Wells Fargo & Company reiterated a hold rating on shares of Costco Wholesale Corporation in a research note on Friday, May 26th. UBS AG upgraded shares of Costco Wholesale Corporation from a market perform rating to an outperform rating in a research note on Monday, June 26th. Sanford C. Bernstein reiterated a hold rating on shares of Costco Wholesale Corporation in a research note on Thursday, July 6th. Finally, Barclays PLC reiterated an overweight rating and issued a $190.00 target price (up from $185.00) on shares of Costco Wholesale Corporation in a research note on Sunday, May 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Costco Wholesale Corporation presently has an average rating of Buy and a consensus price target of $179.11.

Costco Wholesale Corporation (NASDAQ:COST) opened at 156.44 on Tuesday. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The stock has a market capitalization of $68.61 billion, a price-to-earnings ratio of 27.16 and a beta of 0.93. The company has a 50-day moving average of $158.29 and a 200-day moving average of $168.02.

Costco Wholesale Corporation (NASDAQ:COST) last announced its quarterly earnings data on Thursday, May 25th. The retailer reported $1.40 EPS for the quarter, beating the consensus estimate of $1.31 by $0.09. Costco Wholesale Corporation had a net margin of 2.06% and a return on equity of 20.45%. The business had revenue of $28.86 billion during the quarter, compared to analysts’ expectations of $28.57 billion. During the same period in the previous year, the business posted $1.24 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts anticipate that Costco Wholesale Corporation will post $5.77 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be issued a $0.50 dividend. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.00 annualized dividend and a yield of 1.28%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is 34.66%.

In other Costco Wholesale Corporation news, insider John D. Mckay sold 3,000 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $181.60, for a total value of $544,800.00. Following the transaction, the insider now directly owns 62,607 shares in the company, valued at $11,369,431.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $160.28, for a total transaction of $160,280.00. Following the completion of the transaction, the director now owns 5,974 shares in the company, valued at $957,512.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,000 shares of company stock worth $2,677,430. 0.74% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. State Street Corp raised its position in shares of Costco Wholesale Corporation by 1.3% in the first quarter. State Street Corp now owns 18,131,561 shares of the retailer’s stock worth $3,040,476,000 after buying an additional 239,479 shares during the period. FMR LLC raised its position in shares of Costco Wholesale Corporation by 1.5% in the first quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock worth $2,028,898,000 after buying an additional 177,200 shares during the period. Bank of New York Mellon Corp raised its position in shares of Costco Wholesale Corporation by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 6,254,387 shares of the retailer’s stock worth $1,048,798,000 after buying an additional 79,201 shares during the period. Ameriprise Financial Inc. raised its position in shares of Costco Wholesale Corporation by 62.0% in the first quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock worth $768,568,000 after buying an additional 1,753,741 shares during the period. Finally, Janus Capital Management LLC raised its position in shares of Costco Wholesale Corporation by 8.6% in the first quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock worth $768,494,000 after buying an additional 361,581 shares during the period. Institutional investors and hedge funds own 74.11% of the company’s stock.

About Costco Wholesale Corporation

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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Analyst Recommendations for Costco Wholesale Corporation (NASDAQ:COST)

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