Costco Wholesale Co. (NASDAQ:COST) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) have received a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $553.78.

A number of analysts recently weighed in on the stock. UBS Group increased their price target on shares of Costco Wholesale from $565.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, January 6th. Credit Suisse Group restated a “neutral” rating and set a $520.00 target price (down from $550.00) on shares of Costco Wholesale in a report on Tuesday, December 20th. Oppenheimer restated an “outperform” rating and set a $550.00 target price on shares of Costco Wholesale in a report on Monday, December 5th. StockNews.com upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Monday. Finally, BMO Capital Markets dropped their target price on shares of Costco Wholesale from $600.00 to $555.00 in a report on Friday, December 9th.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $492.11 on Wednesday. The company has a market capitalization of $218.36 billion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 3.52 and a beta of 0.77. The firm’s 50 day simple moving average is $486.20 and its 200 day simple moving average is $501.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.03 and a quick ratio of 0.47. Costco Wholesale has a fifty-two week low of $406.51 and a fifty-two week high of $612.27.

Costco Wholesale (NASDAQ:COSTGet Rating) last announced its quarterly earnings results on Thursday, December 8th. The retailer reported $3.10 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.04). The firm had revenue of $54.44 billion during the quarter, compared to analyst estimates of $54.67 billion. Costco Wholesale had a net margin of 2.55% and a return on equity of 28.83%. As a group, sell-side analysts forecast that Costco Wholesale will post 14.28 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 17th. Shareholders of record on Friday, February 3rd will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, February 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 0.73%. Costco Wholesale’s dividend payout ratio (DPR) is 27.21%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Russell D. Miller sold 1,000 shares of Costco Wholesale stock in a transaction on Friday, November 4th. The shares were sold at an average price of $483.58, for a total transaction of $483,580.00. Following the completion of the transaction, the executive vice president now directly owns 11,593 shares of the company’s stock, valued at $5,606,142.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Susan L. Decker sold 952 shares of Costco Wholesale stock in a transaction on Monday, December 12th. The stock was sold at an average price of $483.00, for a total transaction of $459,816.00. Following the completion of the sale, the director now owns 18,920 shares of the company’s stock, valued at $9,138,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Russell D. Miller sold 1,000 shares of Costco Wholesale stock in a transaction on Friday, November 4th. The stock was sold at an average price of $483.58, for a total value of $483,580.00. Following the sale, the executive vice president now directly owns 11,593 shares of the company’s stock, valued at approximately $5,606,142.94. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Costco Wholesale

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Costco Wholesale by 1.3% in the third quarter. Vanguard Group Inc. now owns 39,030,429 shares of the retailer’s stock valued at $18,432,900,000 after purchasing an additional 491,837 shares in the last quarter. Jennison Associates LLC raised its stake in Costco Wholesale by 32.7% in the third quarter. Jennison Associates LLC now owns 4,345,886 shares of the retailer’s stock valued at $2,052,432,000 after purchasing an additional 1,070,128 shares in the last quarter. International Assets Investment Management LLC raised its stake in Costco Wholesale by 53,375.6% in the fourth quarter. International Assets Investment Management LLC now owns 3,829,924 shares of the retailer’s stock valued at $11,286,000 after purchasing an additional 3,822,762 shares in the last quarter. Wells Fargo & Company MN raised its stake in Costco Wholesale by 19.1% in the second quarter. Wells Fargo & Company MN now owns 3,045,401 shares of the retailer’s stock valued at $1,459,600,000 after purchasing an additional 488,601 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Costco Wholesale by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,376,250 shares of the retailer’s stock valued at $1,368,364,000 after purchasing an additional 64,692 shares in the last quarter. Institutional investors and hedge funds own 66.03% of the company’s stock.

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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Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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