Shares of Costco Wholesale Corporation (NASDAQ:COST) have received a consensus rating of “Buy” from the thirty ratings firms that are presently covering the company, Marketbeat.com reports. Twelve research analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $180.00.

A number of analysts recently issued reports on COST shares. Deutsche Bank AG reissued a “hold” rating and set a $172.00 price objective on shares of Costco Wholesale Corporation in a research report on Tuesday, September 5th. Citigroup Inc. lifted their price objective on Costco Wholesale Corporation from $155.00 to $187.00 and gave the company a “hold” rating in a research report on Friday, October 6th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $185.00 price objective on shares of Costco Wholesale Corporation in a research report on Thursday, August 31st. Morgan Stanley cut Costco Wholesale Corporation from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $190.00 to $165.00 in a research report on Friday, October 6th. Finally, Zacks Investment Research cut Costco Wholesale Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 18th.

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In other Costco Wholesale Corporation news, VP Paul G. Moulton sold 4,381 shares of Costco Wholesale Corporation stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $168.16, for a total transaction of $736,708.96. Following the sale, the vice president now directly owns 52,858 shares of the company’s stock, valued at $8,888,601.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Richard A. Galanti sold 5,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $160.58, for a total value of $802,900.00. Following the sale, the vice president now directly owns 41,396 shares in the company, valued at $6,647,369.68. The disclosure for this sale can be found here. Insiders have sold 19,731 shares of company stock worth $3,214,389 over the last ninety days. Company insiders own 0.74% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its holdings in shares of Costco Wholesale Corporation by 3,005.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock worth $668,630,000 after acquiring an additional 4,046,164 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of Costco Wholesale Corporation by 15,937.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock worth $9,058,000 after acquiring an additional 1,439,613 shares in the last quarter. Capital World Investors boosted its holdings in shares of Costco Wholesale Corporation by 6.0% in the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after acquiring an additional 1,007,720 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Costco Wholesale Corporation by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after acquiring an additional 937,121 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Costco Wholesale Corporation by 14.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock worth $1,118,138,000 after acquiring an additional 858,969 shares in the last quarter. 72.57% of the stock is currently owned by institutional investors.

Shares of Costco Wholesale Corporation (NASDAQ COST) opened at $171.36 on Friday. The stock has a market capitalization of $74,882.60, a price-to-earnings ratio of 29.44, a P/E/G ratio of 2.74 and a beta of 0.93. Costco Wholesale Corporation has a 12-month low of $145.38 and a 12-month high of $183.18. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59.

Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. The firm had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.77 earnings per share. equities analysts forecast that Costco Wholesale Corporation will post 6.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, November 16th. Costco Wholesale Corporation’s payout ratio is 32.89%.

Costco Wholesale Corporation Company Profile

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.

Analyst Recommendations for Costco Wholesale Corporation (NASDAQ:COST)

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