Costco Wholesale (NASDAQ:COST) Given New $581.00 Price Target at Deutsche Bank Aktiengesellschaft

Costco Wholesale (NASDAQ:COSTGet Rating) had its price target raised by Deutsche Bank Aktiengesellschaft from $579.00 to $581.00 in a research report report published on Wednesday, The Fly reports. The firm currently has a buy rating on the retailer’s stock.

A number of other analysts also recently issued reports on the stock. Credit Suisse Group decreased their price objective on shares of Costco Wholesale from $570.00 to $550.00 and set a neutral rating for the company in a report on Friday, May 27th. Jefferies Financial Group restated a buy rating and set a $580.00 price objective on shares of Costco Wholesale in a report on Friday, July 29th. Raymond James raised their price objective on shares of Costco Wholesale from $560.00 to $600.00 and gave the stock an outperform rating in a report on Friday, August 5th. Telsey Advisory Group cut their target price on shares of Costco Wholesale from $615.00 to $590.00 and set an outperform rating for the company in a research report on Friday, May 27th. Finally, Loop Capital cut their target price on shares of Costco Wholesale from $610.00 to $585.00 in a research report on Thursday, September 1st. Four investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $575.36.

Costco Wholesale Stock Performance

Shares of COST stock opened at $493.07 on Wednesday. The firm has a 50-day moving average of $530.23 and a 200-day moving average of $520.13. The company has a market cap of $218.41 billion, a P/E ratio of 38.82, a P/E/G ratio of 3.82 and a beta of 0.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 0.48. Costco Wholesale has a one year low of $406.51 and a one year high of $612.27.

Costco Wholesale Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were issued a $0.09 dividend. The ex-dividend date was Thursday, July 28th. This represents a $0.36 annualized dividend and a yield of 0.07%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.35%.

Insiders Place Their Bets

In other Costco Wholesale news, Director Kenneth D. Denman sold 300 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $521.68, for a total value of $156,504.00. Following the completion of the sale, the director now directly owns 5,197 shares in the company, valued at $2,711,170.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Richard A. Galanti sold 1,000 shares of Costco Wholesale stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $505.60, for a total transaction of $505,600.00. Following the completion of the transaction, the chief financial officer now directly owns 25,750 shares in the company, valued at $13,019,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth D. Denman sold 300 shares of Costco Wholesale stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $521.68, for a total transaction of $156,504.00. Following the transaction, the director now owns 5,197 shares of the company’s stock, valued at $2,711,170.96. The disclosure for this sale can be found here. Insiders sold 2,800 shares of company stock worth $1,449,904 over the last three months. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Costco Wholesale

Several large investors have recently made changes to their positions in COST. Coston McIsaac & Partners purchased a new position in Costco Wholesale in the 2nd quarter worth approximately $111,000. Inscription Capital LLC raised its holdings in Costco Wholesale by 21.6% in the 2nd quarter. Inscription Capital LLC now owns 428 shares of the retailer’s stock worth $205,000 after acquiring an additional 76 shares during the last quarter. Fundamentun LLC raised its holdings in Costco Wholesale by 0.9% in the 2nd quarter. Fundamentun LLC now owns 6,329 shares of the retailer’s stock worth $3,034,000 after acquiring an additional 57 shares during the last quarter. Verition Fund Management LLC raised its holdings in Costco Wholesale by 124.8% in the 2nd quarter. Verition Fund Management LLC now owns 1,385 shares of the retailer’s stock worth $664,000 after acquiring an additional 6,971 shares during the last quarter. Finally, Columbia Asset Management purchased a new position in Costco Wholesale in the 2nd quarter worth approximately $1,991,000. 66.83% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Company Profile

(Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

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