Shares of Costco Wholesale Corp. (NASDAQ:COST) saw an uptick in trading volume on Friday . 2,327,719 shares were traded during 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.

A number of research firms recently commented on COST. Zacks Investment Research lowered Costco Wholesale Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. Jefferies Group restated a “hold” rating and set a $135.00 price target (down from $142.00) on shares of Costco Wholesale Corp. in a research report on Sunday, May 8th. Bank of America Corp. restated a “buy” rating on shares of Costco Wholesale Corp. in a research report on Saturday, June 4th. JPMorgan Chase & Co. restated a “focus list” rating and set a $180.00 price target on shares of Costco Wholesale Corp. in a research report on Monday, May 2nd. Finally, Argus restated a “buy” rating and set a $175.00 price target on shares of Costco Wholesale Corp. in a research report on Tuesday, July 5th. Eight investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Costco Wholesale Corp. has an average 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 released its earnings results on Wednesday, May 25th. The retailer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.01. During the same quarter last 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 institutional investors recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Costco Wholesale Corp. by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 28,355,570 shares of the retailer’s stock valued at $4,579,424,000 after buying an additional 495,574 shares in the last quarter. Jennison Associates LLC raised its position in shares of Costco Wholesale Corp. by 1.0% in the fourth quarter. Jennison Associates LLC now owns 7,171,308 shares of the retailer’s stock valued at $1,158,166,000 after buying an additional 69,330 shares in the last quarter. Morgan Stanley raised its position in shares of Costco Wholesale Corp. by 1.8% in the fourth quarter. Morgan Stanley now owns 3,550,562 shares of the retailer’s stock valued at $573,416,000 after buying an additional 62,862 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of Costco Wholesale Corp. by 5.1% in the fourth quarter. OppenheimerFunds Inc. now owns 1,819,976 shares of the retailer’s stock valued at $293,974,000 after buying an additional 87,596 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of 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 valued at $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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