Shares of Costco Wholesale Corporation (NASDAQ:COST) have received a consensus rating of “Buy” from the thirty-three brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, twenty-one have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $182.31.

COST has been the topic of a number of research analyst reports. Northcoast Research raised Costco Wholesale Corporation from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Tuesday, June 20th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Costco Wholesale Corporation in a report on Friday, July 7th. BMO Capital Markets downgraded Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $185.00 to $160.00 in a report on Monday, July 10th. Goldman Sachs Group, Inc. (The) downgraded Costco Wholesale Corporation from a “conviction-buy” rating to a “neutral” rating and reduced their target price for the company from $197.00 to $176.00 in a report on Friday, June 16th. Finally, BidaskClub downgraded Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th.

In other Costco Wholesale Corporation news, insider John D. Mckay sold 3,000 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $181.60, for a total transaction of $544,800.00. Following the completion of the sale, the insider now directly owns 62,607 shares in the company, valued at approximately $11,369,431.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel M. Hines sold 5,000 shares of the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $181.32, for a total value of $906,600.00. Following the sale, the insider now owns 28,786 shares of the company’s stock, valued at $5,219,477.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,000 shares of company stock valued at $2,677,430. Company insiders own 0.74% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. increased its stake in shares of Costco Wholesale Corporation by 4.1% in the first quarter. Alliancebernstein L.P. now owns 3,248,905 shares of the retailer’s stock valued at $544,809,000 after buying an additional 129,106 shares in the last quarter. Main Street Research LLC increased its stake in shares of Costco Wholesale Corporation by 4.9% in the first quarter. Main Street Research LLC now owns 64,704 shares of the retailer’s stock valued at $10,850,000 after buying an additional 3,023 shares in the last quarter. Bank of New York Mellon Corp increased its stake 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 valued at $1,048,798,000 after buying an additional 79,201 shares in the last quarter. Swiss National Bank increased its stake in shares of Costco Wholesale Corporation by 26.2% in the first quarter. Swiss National Bank now owns 1,597,008 shares of the retailer’s stock valued at $267,802,000 after buying an additional 331,400 shares in the last quarter. Finally, Palo Capital Inc. increased its stake in shares of Costco Wholesale Corporation by 0.7% in the second quarter. Palo Capital Inc. now owns 7,669 shares of the retailer’s stock valued at $1,227,000 after buying an additional 50 shares in the last quarter. Institutional investors own 72.51% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Costco Wholesale Corporation (COST) Receives Consensus Rating of “Buy” from Brokerages” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/08/29/costco-wholesale-corporation-cost-receives-consensus-rating-of-buy-from-brokerages.html.

Costco Wholesale Corporation (COST) traded down 0.3332% during midday trading on Tuesday, hitting $152.0417. The company had a trading volume of 406,761 shares. The company’s 50 day moving average is $155.03 and its 200-day moving average is $167.02. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18. The company has a market cap of $66.68 billion, a P/E ratio of 26.3961 and a beta of 0.93.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be issued a dividend of $0.50 per share. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, August 16th. Costco Wholesale Corporation’s dividend payout ratio (DPR) is presently 34.66%.

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.

Analyst Recommendations for Costco Wholesale Corporation (NASDAQ:COST)

Receive News & Stock Ratings for Costco Wholesale Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale Corporation and related stocks with our FREE daily email newsletter.