Costco Wholesale Corporation (COST) Earns Daily Media Sentiment Rating of 0.28
Headlines about Costco Wholesale Corporation (NASDAQ:COST) have trended positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Costco Wholesale Corporation earned a news sentiment score of 0.28 on Accern’s scale. Accern also gave media headlines about the retailer an impact score of 45.4557415770628 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Target-Induced Costco Selloff Is Absurd – Seeking Alpha (seekingalpha.com)
- Court Says Jury’s Award of Profits Justified by Costco’s Business Model (jdsupra.com)
- Target trading lower on blog about lowering prices (finance.yahoo.com)
- Target Just Wrecked the Retail Sector (finance.yahoo.com)
- New Starbucks COO Rosalind Brewer won a rare edge over Costco at Sam’s Club (bizjournals.com)
Shares of Costco Wholesale Corporation (NASDAQ:COST) traded down 1.24% during trading on Friday, reaching $157.31. 3,364,570 shares of the company’s stock traded hands. The company’s 50-day moving average is $156.29 and its 200 day moving average is $166.01. The company has a market cap of $69.00 billion, a price-to-earnings ratio of 27.31 and a beta of 0.93. Costco Wholesale Corporation has a 52-week low of $142.11 and a 52-week high of $183.18.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.27%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is 34.66%.
A number of research firms have issued reports on COST. UBS AG raised shares of Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, June 26th. Guggenheim reissued a “neutral” rating on shares of Costco Wholesale Corporation in a report on Friday, June 2nd. BidaskClub raised shares of Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $185.00 price objective on shares of Costco Wholesale Corporation in a report on Thursday, August 31st. Finally, BMO Capital Markets set a $195.00 price objective on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $179.35.
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In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $157.59, for a total transaction of $157,590.00. Following the transaction, the director now directly owns 6,974 shares of the company’s stock, valued at $1,099,032.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 3,000 shares of company stock worth $477,120 over the last three months. Insiders own 0.74% of the company’s stock.
Costco Wholesale Corporation Company Profile
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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