Positive Media Coverage Somewhat Unlikely to Affect Costco Wholesale Corporation (COST) Stock Price
News articles about Costco Wholesale Corporation (NASDAQ:COST) have trended positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded 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 impact score of 0.36 on Accern’s scale. Accern also gave media coverage about the retailer an impact score of 46.1307461406626 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Costco Wholesale : , Port St. Lucie talk new location right after warehouse store drops Palm City plan (4-traders.com)
- [$$] Cheaper Hearing Aids Work For Many With Hearing Loss (finance.yahoo.com)
- Costco Wholesale Corporation (COST) Upgraded to “Buy” by Zacks Investment Research (americanbankingnews.com)
- 3 Big Stock Charts for Tuesday: Costco Wholesale Corporation (COST), Goldman Sachs Group Inc. (GS) and … – Investorplace.com (investorplace.com)
- Costco’s Earnings: Here’s What I See Coming – Seeking Alpha (seekingalpha.com)
Costco Wholesale Corporation (NASDAQ COST) traded up 0.40% during trading on Tuesday, hitting $161.56. 1,790,775 shares of the stock were exchanged. The stock has a market cap of $70.86 billion, a P/E ratio of 28.05 and a beta of 0.93. The stock has a 50 day moving average of $157.91 and a 200-day moving average of $165.08. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.24%. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. Costco Wholesale Corporation’s payout ratio is currently 34.66%.
A number of research analysts have recently commented on COST shares. Vetr upgraded Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price target for the company in a research note on Monday, August 21st. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Costco Wholesale Corporation in a research note on Thursday, August 24th. Robert W. Baird reiterated an “outperform” rating and issued a $200.00 price target on shares of Costco Wholesale Corporation in a research note on Tuesday, May 30th. Barclays PLC reiterated an “overweight” rating and issued a $190.00 price target (up from $185.00) on shares of Costco Wholesale Corporation in a research note on Sunday, May 28th. Finally, BidaskClub cut Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Costco Wholesale Corporation currently has a consensus rating of “Buy” and an average target price of $179.37.
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In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $160.28, for a total value of $160,280.00. Following the sale, the director now owns 5,974 shares in the company, valued at $957,512.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 3,000 shares of company stock worth $477,120 in the last quarter. 0.74% of the stock is owned by corporate insiders.
About Costco Wholesale Corporation
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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