Costco Wholesale Corporation (NASDAQ:COST)‘s stock had its “neutral” rating reiterated by equities researchers at Guggenheim in a research report issued to clients and investors on Thursday. They presently have a $140.00 price objective on the retailer’s stock. Guggenheim’s price target would indicate a potential downside of 10.68% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Gordon Haskett began coverage on shares of Costco Wholesale Corporation in a report on Tuesday, May 9th. They set an “accumulate” rating and a $191.00 target price on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $185.00 price target on shares of Costco Wholesale Corporation in a research note on Thursday, May 4th. BMO Capital Markets set a $195.00 price target on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a research note on Friday, May 26th. Oppenheimer Holdings, Inc. set a $185.00 price target on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a research note on Saturday, May 27th. Finally, Royal Bank Of Canada lifted their price target on shares of Costco Wholesale Corporation from $182.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, May 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $179.35.

Costco Wholesale Corporation (COST) traded up 1.49% during mid-day trading on Thursday, hitting $156.74. The stock had a trading volume of 4,567,389 shares. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18. The company has a 50 day moving average price of $155.03 and a 200-day moving average price of $167.02. The company has a market cap of $68.75 billion, a price-to-earnings ratio of 27.21 and a beta of 0.93.

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In related news, VP James P. Murphy sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $181.30, for a total transaction of $906,500.00. Following the completion of the sale, the vice president now directly owns 48,845 shares of the company’s stock, valued at approximately $8,855,598.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total transaction of $159,250.00. Following the sale, the director now directly owns 4,974 shares of the company’s stock, valued at $792,109.50. The disclosure for this sale can be found here. Insiders sold 15,000 shares of company stock valued at $2,677,430 over the last three months. Insiders own 0.74% of the company’s stock.

A number of hedge funds have recently modified their holdings of COST. Hexavest Inc. boosted its position in shares of Costco Wholesale Corporation by 5.2% in the first quarter. Hexavest Inc. now owns 459,244 shares of the retailer’s stock worth $77,011,000 after buying an additional 22,773 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Costco Wholesale Corporation by 6.1% in the first quarter. State of Alaska Department of Revenue now owns 84,398 shares of the retailer’s stock worth $14,152,000 after buying an additional 4,863 shares in the last quarter. Rothschild Investment Corp IL boosted its position in shares of Costco Wholesale Corporation by 0.3% in the first quarter. Rothschild Investment Corp IL now owns 12,284 shares of the retailer’s stock worth $2,060,000 after buying an additional 38 shares in the last quarter. Huntington National Bank boosted its position in shares of Costco Wholesale Corporation by 70.0% in the first quarter. Huntington National Bank now owns 141,425 shares of the retailer’s stock worth $23,715,000 after buying an additional 58,231 shares in the last quarter. Finally, Johanson Financial Advisors Inc. acquired a new position in shares of Costco Wholesale Corporation during the first quarter worth about $298,000. 72.51% of the stock is owned by hedge funds and other institutional investors.

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)

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