Costco Wholesale Corp. (NASDAQ:COST) shares saw an uptick in trading volume on Friday . 2,327,719 shares changed hands during mid-day trading, a decline of 23% from the previous session’s volume of 3,014,008 shares.The stock last traded at $164.86 and had previously closed at $163.70.

COST has been the topic of several recent analyst reports. Robert W. Baird restated a “buy” rating on shares of Costco Wholesale Corp. in a report on Monday, May 16th. Zacks Investment Research upgraded shares of Costco Wholesale Corp. from a “sell” rating to a “hold” rating in a report on Tuesday. Oppenheimer Holdings Inc. restated a “buy” rating and issued a $175.00 price objective (up from $160.00) on shares of Costco Wholesale Corp. in a report on Thursday, March 31st. Goldman Sachs Group Inc. upgraded shares of Costco Wholesale Corp. from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $169.00 to $175.00 in a report on Wednesday, June 1st. Finally, Barclays PLC initiated coverage on shares of Costco Wholesale Corp. in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $172.34.

The stock has a market capitalization of $72.47 billion and a price-to-earnings ratio of 31.27. The stock’s 50 day moving average is $153.68 and its 200-day moving average is $152.31.

Costco Wholesale Corp. (NASDAQ:COST) last announced its quarterly earnings results on Wednesday, May 25th. The retailer reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.01. During the same period in the prior year, the business posted $1.11 earnings per share. Analysts predict that Costco Wholesale Corp. will post $5.30 earnings per share for the current fiscal year.

Several hedge funds and institutional investors recently bought and sold shares of COST. Vanguard Group Inc. raised its position in Costco Wholesale Corp. by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 28,355,570 shares of the retailer’s stock worth $4,579,424,000 after buying an additional 495,574 shares in the last quarter. Jennison Associates LLC raised its position in Costco Wholesale Corp. by 1.0% in the fourth quarter. Jennison Associates LLC now owns 7,171,308 shares of the retailer’s stock worth $1,158,166,000 after buying an additional 69,330 shares in the last quarter. Morgan Stanley raised its position in Costco Wholesale Corp. by 1.8% in the fourth quarter. Morgan Stanley now owns 3,550,562 shares of the retailer’s stock worth $573,416,000 after buying an additional 62,862 shares in the last quarter. OppenheimerFunds Inc. raised its position in Costco Wholesale Corp. by 5.1% in the fourth quarter. OppenheimerFunds Inc. now owns 1,819,976 shares of the retailer’s stock worth $293,974,000 after buying an additional 87,596 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Costco Wholesale Corp. by 1.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,207,691 shares of the retailer’s stock worth $196,503,000 after buying an additional 18,427 shares in the last quarter.

Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet.

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